In a significant move to boost tourism and economic development, the Cross River State government has officially signed a 25-year concession agreement for the Obudu Ranch Resort. This deal, finalized on July 24, 2026, in Calabar, is aimed at revitalizing one of Nigeria's premier tourist destinations, which has struggled with management issues in recent years.
The Obudu Ranch Resort, renowned for its breathtaking scenery and unique climate, has the potential to attract both domestic and international visitors. The state government hopes that this partnership with a private concessionaire will inject much-needed investment and expertise into the resort. "This concession is a step towards realizing our vision of making Cross River a leading tourist hub in Africa," stated Ben Ayade, Governor of Cross River State.
As the agreement unfolds, stakeholders will be closely watching how the concessionaire implements plans for infrastructure upgrades and service improvements. The success of this venture could set a precedent for future public-private partnerships in Nigeria, highlighting the critical role of tourism in the country’s economic strategy.
