The Akpabuyo Local Government Area in Cross River State is set to transform its historic barter market into a world-class international trade hub, local officials have announced. Chairman Effiom Effiong said the initiative, in partnership with the state government, aims to attract investors and boost economic activity in the region.
Recently reopened after a long closure due to security concerns, the market is already drawing cross-border traders from Cameroon and beyond, contributing to the local economy. Effiong credited the prevailing peace in the area to the state government’s security efforts, including the presence of the Marine Police, Navy, Army, Airforce, and local vigilante groups.
Investors from China and other countries have reportedly expressed interest in the area, acquiring land to establish universities and industrial facilities. The locality’s strategic position as a maritime gateway bordered by rivers Bakassi and the Atlantic Ocean, along with ongoing dredging, deep-sea port development, and marine ecosystem preservation, is expected to strengthen its role in maritime trade and economic growth.
Former deputy governorship candidate Dr. Emana Ambrose-Amawhe highlighted the benefits for farmers and fishermen, noting that the market’s revival of traditional exchanges such as fish for garri and palm oil reflects the community’s cultural resilience and economic rebirth. She said the developments would generate jobs, enhance stability, and further Cross River State’s economic advancement.
The 34th anniversary of Akpabuyo LGA, which coincided with the market’s reopening, featured cultural displays and communal festivities, symbolizing renewed optimism for peace, security, and prosperity in the region.
