Akwa Ibom boosts infrastructure to attract local, foreign investors

Akwa-Ibom Governor, Udom Emmanuel.
The Akwa Ibom State Government says it is developing infrastructural capacity across board to attract meaningful local and foreign investments into the state.

Over 50 foreign investors, it said, had expressed interest to set up businesses in the state through its Foreign Direct Investment road show.

The state, in a document, stressed that its activities were being driven by five-point agenda of the administration, encompassing job creation, poverty alleviation, wealth creation, economic and political inclusion, and infrastructural consolidation and expansion.

 The document quoted the Governor, Akwa Ibom State, Mr. Udom Emmanuel, to have said, “Our commitment to industrialization is irrevocable. We know that through industrialisation, we shall rewrite the Akwa Ibom story in employment and wealth creation.”

According to the state, a model has been developed to galvanise all technical and professional inputs, interpret same with the overall goal of translating them into concrete realities.

The document presented by the state’s Commissioner, Ministry of Information and Strategy,  Mr. Charles Udoh, explained, “Technical committees have been constituted for Ibom deep seaport, agriculture and food sufficiency as well as foreign direct investments, among others.

“The committee went to work and their activities resulted in the establishment of commercial and industrial concerns across the state. In the first 24 months of this administration, over 715.88km of roads and 17 bridges in the state have been constructed; the Peacock Paint Industry in Etinan has been resuscitated, among others.”

To broaden its industrial base, the state under the Akwa Ibom Enterprise and Employment Scheme, said it was going to become a major tomato-producing state with over 20,000 tonnes project in the next three years.

“The scheme is expected to generate over 1,600 jobs, create 85 new businesses and take many youths off the streets through constructive engagement and entrepreneurial skills. Under the farm base programme, the scheme has experimented on the cultivation of 22 vegetables and fruits,” it said.

Also under the AKEES, the state said it was now the first in Nigeria to produce pencils and toothpicks to the tune of 20,000 pieces of pencils in eight hours and 50,000kg of toothpick per week.

Also, among fresh major investments in the state, according to the document, is the establishment of a Syringe manufacturing company capable of producing 350 million syringes per annum, and the establishment of electrical metering assembly plant, among many others.

Source: Punch

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