MINISTRY OF  COMMERCE AND INDUSTRY

Investment Opportunities:

Akwa Ibom State is endowed with vast mineral and agricultural resources, favourable climate and abundance of rich, fertile soil which if properly exploited, can tremendously help in the economic development of the State. Apart from this, tourist attractions exist beckoning on holidaymakers to avail themselves of these God-given potentials. Investment opportunities therefore exist in Industry, Agriculture, Tourism, Transportation, Housing and Communication. To make the above easy, Industrial Estates and Parks with basic infrastructures exist at Uyo, Oron, Abak, Eket, Ikot Abasi and Ikot Ekpene as incentives to would-be investors. Other incentives include the provision of electricity, water, access roads, and telecommunication facilities among others.

INDUSTRIES AVAILABLE:

The State Government has equity in the following industries: Quality Ceramics, Itu; Sunshine Batteries Limited, Essien Udim; Qua Steel Product Ltd, Eket; Abestonit Industries, Oron. It should be noted that they are ailing and need reactivation. Peacock paints Ltd is functioning and producing at about 50% installed capacity. Interested core investors are invited to form partnership with the State Government to reactivate and operate these companies.

The companies that the Federal Government has equity holdings in Akwa Ibom State include Aluminum Smelter Company of Nigeria (ALSCON) Ikot Abasi and Nigeria Newsprint Manufacturing Company (NNMC) Oku Iboku, Itu. Multinational companies operating in the state are the oil giants, Exxon-Mobil, Shell Petroleum Development Company (SPDC) and Elf.

 

 
 
 
 
 
   

 

Programmes

Commerce

 News Update
 Ministry's Activities

Current Projects/ Activities

  Achievements:
   Investment   Opportunities