One Stop Investment Center

The Cross River State Investment Promotion Bureau has established a OSIC Popularly known as the One Sto Investment Center to cater to all the needs of an investor. With the aim of making the process if investment as easy as possible for investors and business men world wide. With this facility you get the advantage of processing your business registrations in record time without any hassle.

Calabar Free Trade Zone

The Calabar Free Trade Zone (CFTZ) is an area just north of the port of Calabar, Cross River State, Nigeria that is occupied by companies engaged in manufacturing, trading, provision of services and oil and gas related activities. These companies benefit from special taxation rules and duty-free imports.

The enabling act for Registered Free Zones in Nigeria came into effect in 1992. The Calabar Free Trade Zone, the first of these, was fully completed by 1999 and started operation after official commissioning in November 2001. The CFTZ is owned by the Federal government.[1] As of May 2009 the power supply in the zone was erratic, with companies having to rely on diesel generators most of the time.[2] Lack of dredging in the Calabar River channel was also affecting the zone, forcing companies to rely on Port Harcourt or Lagos for import and export of goods.[3] These problems had not been addressed by December 2010, when the General Manager of the zone said the epileptic power supply, poor quality roads and non dredging of the river channel had slowed down development of the port. He said "... often times we have had cases of containers dropping from trucks due to bad roads. It is also additional cost to transport containers from Port Harcourt and Lagos to Calabar".[4]

The Tinapa Free Zone & Resort, to the north of the Free Zone, was commissioned on 2 April 2007, intended to combine business and recreational functions with duty-free shopping.[5] The legal status of the Tinapa Free Trade zone has been uncertain. It is owned by the Cross River state government, but only the Federal government can operate a free trade zone. Governor Liyel Imoke appealed to the Federal Government to take a stake in the project, and to remove uncertainty about Tinapa's status, which is hindering investment.[6]

In September 2009, Cross River Governor Liyel Imoke said the 1992 laws that established the Calabar Export Processing Zone should be overhauled to match its current status as a Free Trade Zone. He also said the 2005 gazette that made Calabar Port a Free Port should be implemented.[7] In August 2011 Olusegun Aganga, the Federal Minister of Trade and Investment, visited the Calabar Free Trade Zone and the Tinapa Business and Leisure resort. He said that the government planned an extensive review of Free Trade Zones across the country to ensure they met the requirements to attract Foreign Direct Investment and to create jobs.[8]

 

Latest News

Southern Governors’ Wives Meeting: Cross River Info Boss Hails Mrs. Ayade Southern Governors’ Wives Meeting: Cross River Info Boss Hails Mrs. Ayade 2017-11-03 - The Commissioner for Information & Orientation, Mrs. RoseMary Effiom Archibong has congratulated the wife of the Cross River State Governor, Dr. (Mrs.) Lind... More detail
Engr. Eraye Cautions Cross Riverians on Ecological Disasters Engr. Eraye Cautions Cross Riverians on Ecological Disasters 2017-11-03 - The Commissioner for Environment, Engr. Mike Eraye has charged Cross Riverians to cultivate positive attitudes towards tackling ecological challenges facing the... More detail
2017 WDID: Mrs. Archibong Advises Cross Riverians on Pro-Active  2017 WDID: Mrs. Archibong Advises Cross Riverians on Pro-Active 2017-11-02 - Cross River State Commissioner for Information and Orientation, Barr. (Mrs.) Rosemary Effiom Archibong, has enjoined Cross Riverians to develop mutual trust bet... More detail
Akwa Ibom and Cross River Set ‘up Joint Legislative Committee Akwa Ibom and Cross River Set ‘up Joint Legislative Committee 2017-11-02 - The Akwa Ibom and Cross River State Houses of Assembly have set up a Joint Legislative Committee to investigate the immediate and remote causes of the communal ... More detail

Next Event

Garment Factory Launch
25-28 May 2016
Calabar, CRS.

About Us

We are Cross Riverians - one of the Largest, Cleanest, Safest, Greenest  States in Nigeria.

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Contacts

For general information about Cross River State, please contact us at:
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  +234.803.2691923
  +234.813.3467397
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PALIAMENTARY VILLAGE ROAD, CALABAR