Close Menu
  • Home
  • About
  • Contact
  • Articles
  • News
  • Events
  • Tech
  • Start Up
  • Spotlight
  • Marketing
  • Strategy
  • Management
  • Profitability
  • Interviews
  • Leadership
  • Entrepreneurship
ADS

Subscribe to Updates

Get the latest business news, articles, tips and interviews to develop your business IQ!

What's Hot

 The Hybrid Economy: CHBO to Re-imagine the “Future of Cash” at 2026 Annual Conference

January 21, 2026

Davos 2026: The “Nigeria House” Milestone and the End of Economic Isolation

January 21, 2026

The New Gold Standard: How Denzel Akogwu is Engineering Nigeria’s $500 Billion Mineral Future

January 21, 2026
Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
  • Home
  • About
  • Articles

     The Hybrid Economy: CHBO to Re-imagine the “Future of Cash” at 2026 Annual Conference

    January 21, 2026

    Davos 2026: The “Nigeria House” Milestone and the End of Economic Isolation

    January 21, 2026

    The New Gold Standard: How Denzel Akogwu is Engineering Nigeria’s $500 Billion Mineral Future

    January 21, 2026

    The “Lambo” Method: How Mercy Eke Outpaced the Reality TV Curse to Build a 7-Year Empire

    January 21, 2026

    The Solution Class: Anambra Overhauls JSS Curriculum with 15 Industrial Skills

    January 21, 2026
  • Contact
    • Login
Facebook X (Twitter) Instagram YouTube TikTok LinkedIn
naijapreneur™
naijapreneur TV
  • News

     The Hybrid Economy: CHBO to Re-imagine the “Future of Cash” at 2026 Annual Conference

    January 21, 2026

    Davos 2026: The “Nigeria House” Milestone and the End of Economic Isolation

    January 21, 2026

    The New Gold Standard: How Denzel Akogwu is Engineering Nigeria’s $500 Billion Mineral Future

    January 21, 2026

    The “Lambo” Method: How Mercy Eke Outpaced the Reality TV Curse to Build a 7-Year Empire

    January 21, 2026

    The Solution Class: Anambra Overhauls JSS Curriculum with 15 Industrial Skills

    January 21, 2026
  • Events

    January 2026 Nigeria Business Events Roundup

    January 1, 2026

    2026 Capital Clarity Masterclass Announced: A Strategic Year-End Session to Equip Founders and Leaders for Funding Success

    December 11, 2025

    December 2025 Nigeria Business Events Roundup

    December 1, 2025

    National MSME Conference 2025

    November 6, 2025

    November 2025 Nigeria Business Events Roundup

    November 1, 2025
  • Entrepreneurship
    1. Spotlight
    2. View All

    From Glamour to Growth: Dabota Lawson’s Impact on Nigeria’s Beauty Industry

    September 17, 2025

    From Local Bites to Global Markets: Chef TEE’s Street Food Revolution

    September 16, 2025

    Japada-preneurs: 6 Nigerian Entrepreneurs Who Returned Home to Build Great Businesses

    September 12, 2025

    Building Bridges How Kingsley Akpeti Turns U.S. Business Success into Hope for Nigerian Communities

    September 10, 2025

    22 Real Grant Opportunities Many Founders Ignore (But Shouldn’t)

    December 30, 2025

    Angel Investing Isn’t What You Think

    November 13, 2025

    Ideas, Cheques & Capital: Bridging the Distance Between Dreams and Deals

    September 16, 2025

    Japada-preneurs: 6 Nigerian Entrepreneurs Who Returned Home to Build Great Businesses

    September 12, 2025
  • Marketing
    1. e-Marketing
    2. View All

    A Christmas GIFT For Entrepreneurs!

    December 17, 2013

    Free Website CONTENT Review: Does your website SPEAK the language of your TARGET customers?

    September 30, 2013

    e-Commerce FAQs: 8 Frequently Asked Questions About Selling Online

    July 15, 2013

    CASE STUDY: How I Made Close To 1Million In Sales Within 3 Months Of Selling Online!

    May 13, 2013

    Brand Promises: Pact or Poetry?

    September 4, 2025

    ROI in a Ribbon: Culture, Connection, and Corporate Gifting Rooted in Respect

    July 3, 2025

    Using Customer Data and Insight to Fuel Business Success

    May 22, 2025

    The Conversational AI Marketing Showdown: The Future of Marketing or Just Smart Hype? Balancing Innovation with Tradition.

    March 11, 2025
  • Start Up
    1. Tech
    2. View All

    Enter for the Aurora Tech Award by inDrive for Female Tech Founders

    November 3, 2025

    Elon Musk Declares War on Every AI Company: How xAI’s Acquisition of X Could Change the Future of AI

    March 31, 2025

    Nwoke: How Technology Can Restore Market Pricing Integrity for Small Businesses.

    March 14, 2025

    Ai Adoption In Nigeria: Legal Considerations For Nigerian Businesses

    February 6, 2025

    60 Unfiltered Truths I Learned About Fundraising at the 2026 Capital Clarity Masterclass

    January 11, 2026

    Angel Investing Isn’t What You Think

    November 13, 2025

    Ideas, Cheques & Capital: Bridging the Distance Between Dreams and Deals

    September 16, 2025

    The Balance of Silent Execution and Visibility

    September 10, 2025
  • Management
    1. Finance
    2. Legal
    3. Profitability
    4. View All

    60 Unfiltered Truths I Learned About Fundraising at the 2026 Capital Clarity Masterclass

    January 11, 2026

    NEW ERA OF TAX RELIEFS: How Nigerians Can Build Wealth Quietly From January 2026

    November 6, 2025

    Understanding Nigeria’s 2026 Tax Reforms: What Businesses and Individuals Need to Know

    September 19, 2025

    Ideas, Cheques & Capital: Bridging the Distance Between Dreams and Deals

    September 16, 2025

    Banking And Finance In Nigeria: The Regulatory Framework At A Glance

    April 29, 2025

    Compliance in Nigeria: Data Protection Directives for Businesses

    April 10, 2025

    Intellectual Property Protection in Nigeria’s Agricultural Sector

    April 9, 2025

    5 Strategies for Reinvesting Profits to Grow Your Business

    March 20, 2015

    The MOST IMPORTANT Word In Business

    March 31, 2014

    5 Ways To Reduce Inventory Costs And Boost Profitability

    February 21, 2014

    How To Save Your Business From Self-Inflicted Financial CRISIS!

    June 17, 2013

    Angel Investing Isn’t What You Think

    November 13, 2025

    Why You (Probably) Need a Fractional CFO

    October 14, 2025

    Prompt Engineering is The New Power Skill for Entrepreneurs

    September 12, 2025

    How to Hire A-List Employees Like Mark Zuckerberg

    July 5, 2025
  • Strategy

    How to Stay Competitive in the Digital Era

    March 25, 2025

    Nigeria Cement Market Review 2019-2024 and Forecasts 2025-2029.

    March 14, 2025

    Eight prudent ways to invest your 13th-month pay

    January 6, 2025

    Catching Them Young: A CSR Guide for Brands Building Lifelong Connections with Youth

    October 28, 2024

    The SHOW UP Strategy: How to Attract Paying Clients in Tough Economic Times

    October 15, 2024
  • Leadership

    How Patrick Doyle Transformed Domino’s Pizza: From a $3 Stock to $500

    June 20, 2025

    LEADERSHIP CHECKLIST: 4 Critical Things Every Leader Needs To Do For Their Team

    November 25, 2013

    Business Mastery: The Unusual Qualities Of Highly Successful Entrepreneurs

    October 31, 2011

    The Golden Rule Of Business

    July 18, 2011

    EAGLE EYE LEADERSHIP: the Principle of Focus and Priority

    November 15, 2010
  • Interviews

    Meet the Real Estate Developer Re-imagining How BIG, People Live. – Adeyemi Ademola

    July 15, 2025

    Nwoke: How Technology Can Restore Market Pricing Integrity for Small Businesses.

    March 14, 2025

    Unusual Entrepreneur Interview with Connor Gillivan of eCommetize.com

    June 13, 2016

    Unusual Entrepreneur Interview with Michael Fratkin of ResolutionCare.com

    August 3, 2015

    Unusual Entrepreneur Interview with Walter Emiedafe of SapientVendors.com.ng

    June 1, 2015
naijapreneur™
Home»News»From Shining Vision to Silent Waterfront — Can Cross River’s $350m Dream Be Saved?
News

From Shining Vision to Silent Waterfront — Can Cross River’s $350m Dream Be Saved?

Gift IfeanyiBy Gift IfeanyiAugust 13, 202503 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
Follow Us
Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link WhatsApp

Once hailed as Nigeria’s boldest leap into world-class tourism and investment, the Tinapa Business and Leisure Resort in Adiabo, on the outskirts of Calabar, now stands as a faded monument to unrealised ambition.

Launched in 2007 after a $350 million build under then-Governor Donald Duke, Tinapa’s promise seemed unstoppable. Spread across 265 hectares, with a shopping mall, film studio, casino, water park, hotel, and artificial tidal lake, it was meant to be Africa’s Dubai on the Cross River. The Federal Government even granted it Free Trade Zone status in 2006, sparking investor excitement.

But the dream quickly hit legal, political, and operational headwinds.

A Vision Undone by Red Tape

Tinapa’s ownership — in the hands of the Cross River State Government — clashed with federal laws that allow only the central government to operate free trade zones. The resulting uncertainty scared off investors, left shops empty, and created friction with customs authorities, who in 2013 began charging duties on goods leaving the zone.

By the time Duke’s successor, Liyel Imoke, was in office, interest payments on loans had piled up, facilities like the film studio sat idle, and the sprawling Lakeside Hotel stood mostly vacant. In 2017, drowning under N18 billion in debts, the state handed 85% of Tinapa to the Asset Management Corporation of Nigeria (AMCON) in a last-ditch rescue plan.

EndSARS: The Final Blow

In October 2020, during the nationwide EndSARS protests, looters descended on Tinapa, carting away goods, torching brand new vehicles, and vandalising the hotel. The state government estimated damages at N100 billion. By then, many saw the protests not as the cause of Tinapa’s collapse, but as the final strike against an already ailing project.

Promises of Revival — and Lingering Silence

When Governor Bassey Otu took office in 2023, he pledged to reclaim and revive Tinapa. In February 2025, the government announced it had reached a deal with AMCON to regain control after making an undisclosed financial commitment.

“We cannot sit back and do nothing to put the place in order,” Otu said at the time.

Six months later, however, the governor’s revival plan remains under wraps, with resort Managing Director Francis Ekom hinting only that “a milestone” has been reached, awaiting the governor’s unveiling.

The Road Back

Stakeholders say Tinapa’s survival will require more than speeches — it needs political will, investor confidence, and professional management. Without these, the shimmering waters of its artificial lake will remain a mirror reflecting one of Nigeria’s most expensive missed opportunities.

Share. Facebook Twitter Pinterest LinkedIn Email Copy Link WhatsApp
Previous ArticleEFCC Warns Real Estate Developers: ‘Verify Investors or Risk Losing Properties Linked to Crime’
Next Article Nigeria Moves to Clear ₦4 Trillion Power Sector Debt in Bold Step Toward Energy Stability
Gift Ifeanyi

Gift Ifeanyi is a passionate and talented young web developer with a flair for storytelling and a keen interest in business and entrepreneurship. She brings a fresh perspective and a tech-savvy approach to delivering daily news and insights on the ever-evolving world of startups, innovation, and business trends. With a commitment to excellence and a drive to inspire the next generation of entrepreneurs, Gift is dedicated to creating engaging and informative content that empowers readers to thrive in the dynamic business landscape.

Related Posts

 The Hybrid Economy: CHBO to Re-imagine the “Future of Cash” at 2026 Annual Conference

January 21, 2026

Davos 2026: The “Nigeria House” Milestone and the End of Economic Isolation

January 21, 2026

The New Gold Standard: How Denzel Akogwu is Engineering Nigeria’s $500 Billion Mineral Future

January 21, 2026
Add A Comment
Leave A Reply Cancel Reply

ADS
Book

SteezeTech
Business Events in Nigeria
Nigeria Business Events Roundup
naijapreneur TV
https://www.youtube.com/watch?v=KC01cJZBJoE&t=34s
Latest Posts

 The Hybrid Economy: CHBO to Re-imagine the “Future of Cash” at 2026 Annual Conference

January 21, 2026

Davos 2026: The “Nigeria House” Milestone and the End of Economic Isolation

January 21, 2026

The New Gold Standard: How Denzel Akogwu is Engineering Nigeria’s $500 Billion Mineral Future

January 21, 2026

The “Lambo” Method: How Mercy Eke Outpaced the Reality TV Curse to Build a 7-Year Empire

January 21, 2026

The Solution Class: Anambra Overhauls JSS Curriculum with 15 Industrial Skills

January 21, 2026
1 2 3 … 725 Next
ADS
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • Instagram
  • LinkedIn

Subscribe to Updates

Get the latest business news, articles, tips and interviews to develop your business IQ!

Most Trending

From Unemployment to Entrepreneurship: FG Empowers 5,500 Nigerians with Startup Support

March 25, 2025

The Passing of a Titan: Alhaji Bature Abdulaziz and the Legacy of Nigeria’s Marketplace

January 19, 2026

PRICING: How To Charge Whatever You Like Without Losing The Customer!

May 21, 2012
1 2 3 … 1,209 Next
Latest Posts

 The Hybrid Economy: CHBO to Re-imagine the “Future of Cash” at 2026 Annual Conference

January 21, 2026

Davos 2026: The “Nigeria House” Milestone and the End of Economic Isolation

January 21, 2026

The New Gold Standard: How Denzel Akogwu is Engineering Nigeria’s $500 Billion Mineral Future

January 21, 2026
1 2 3 … 1,209 Next
Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
  • Entrepreneurship
  • Interviews
  • Marketing
  • Start Up
  • Strategy
  • Management
  • Profitability
  • Leadership
© 2026 naijapreneur™. Powered by Differentiate.Online.

Type above and press Enter to search. Press Esc to cancel.