6.  Government Investments

      The following shares have been purchased by the State Government between 1999 to 2005:

 The State Governor, Arc. (Obong Victor Attah has approved the appointment of CSL Stockbrokers Limited, Port Harcourt to manage the State Government port – folio

 7.         Akwa Ibom State Debt Profile:

            External Debt Profile

            Data on debt services due and actual payments over the past 3 years:

            Amount outstanding as at 31 -12 -2002

            1.         Multilateral                   …               …            32,819,159.99 USD

            2.         Paris Club                    …                   …         110,943,823.84USD                                                                                                                                                                                                                                    

                                                           TOTAL:                     143,762,978.83 USD

           Amount Outstanding as at 31 -12- 2003

             1.         Multilateral                 …                        …                    28,557.790.50 USD

             2.         Paris Club                   …                       …                   116,069,867.81 USD

                                                                     TOTAL:                      144,627,658.32 USD

             Amount Outstanding as at 31- 12- 2004

1.          Multilateral               …                       …                      23,802,145.29 USD

2.           Paris Club                 …                       …                    119,558,441.01 USD

                                                                       TOTAL:                        143,360,566.30 USD

              ACTUAL PAYMENTS

              1.          July – December 2002

        (i)    Multilateral               …                         …                      3,005,064.50 USD

        (ii)    Paris Club              …                         …                                  -

                                                                                  TOTAL:                   3,005,064.50 USD

2.           JANUARY – DECEMBER 2003

      (i)    Multilateral              …                            …                      5,585,663.15 USD

      (ii)    Paris Club               …                         …                            128,282.34 USD

                                                                    TOTAL:                      5,713.945.49 USD

3.             JANUARY – DECEMBER 2004

        (i)     Multilateral            …                          …                         6,639,133.28 USD

      (ii)     Paris Club              …                         …                           1,724,512.59 USD

                                                                    TOTAL:                        8,363,645.87 USD

  8.      Construction of Medium Density Housing Estates

 The State Government has built 1550 Units of Houses in thirty-one (31) Local Government consisting of fifty (50) Units per Local Government.  Also, each Medium Density Housing Estate (MDHE) has been serviced with the following infrastructure:

(a)        Borehole with overhead tank attached to each Estate and linked to each flat.

(b)        Electricity with a transformer which also services neighbouring villages of the area of its Location

(c)        Fencing of all the Estates

(d)        Burglary Proof in all doors and windows in each of the Flats

(e)        Survey of all the Estates and passalation of each within the Estate.

(f)          Internal Road network and drainage is also to be provided in all the forty-three (43) sites where the Estates are located.

 About 500 Units of Houses have been completed while work is in progress in the remaining Estates.

9.  Computerization and Networking of key service Departments of Akwa Ibom State Government.

 This project was jointly awarded to Messrs. Progenics Corp Limited and Messrs IBBIL Computers in 2001 at a cost of N124, 000,000.00 and supervised by Messrs Xousene Technologies Limited.

 The project is a total computerization and complete integration of systems using sophisticated    equipment and robust soft ware systems to produce an automated environment that is functional.

  The initial phase of this project covers key service Departments in Akwa Ibom State Civil Service such as:

(a)       Office of the Executive Governor

(b)      Office of the Deputy Governor

(c)       Ministry of Finance

(d)      Office of the Secretary to the State Government

(e)       Office of the Accountant-General and Treasury

(f)        Department of Establishment

(g)       Civil Service Commission

(h)       Internal Revenue Service

(i)         Budget Department

(j)        Office of the Head of Service

      These Departments/Offices are linked together in a Local Area Network (LAN), across the State Capital.

 This computerization and Networking project will not only promote accuracy, transparency, and accountability in Government but will also provide timely information.

10.     World Bank/State Governance/Capacity Building Project

  Since 1999, Government has taken several reform measures to improve governance capacity, strengthen the Civil Service and increase its efficiency in Service delivery.  The measures are targeted at achieving reforms in these key areas namely: payroll controls, improve accountability and transparency, production of timely audited accounts and financial Statements as well as elimination of ghost workers.

 These reforms have met with relative success which has spurred the State Government to strive for more in-depth reforms that will strengthen the machinery of Government.

 In the year 2002, Akwa Ibom State Government participated in a competitive bidding among the 36 States of the Federation and was selected from the South-South Zone for sponsorship under the World Bank State Governance and Capacity Building Project.

  The Project consists of Core – Reforms on Financial Management which is applicable to Six (6) participating States and Akwa Ibom Specific Reform Programmes in Public Sector Restructuring and Human Resource Management in the State Civil Service.

 Core Reforms Programme (CRP)

       (a)   Public Financial Management Legislation

       (b)   Budget Reforms

       ©     Treasury Management, accounting and reporting

(d)    Development and implementation of a properly sized Financial Management Information System.

(e)     Strengthening of Audit

(f)     Basic Human Resource Management Modernization.

 Akwa Ibom State Specific Reforms

        These reforms include:

(i)      Public Sector Restructuring

(ii)     Human Resource Management which consists of Management Information System and Performance Management Reforms.

            Presently, the sub-project document is before the World Bank Council in Washington    for consideration and approval.

 11.  Micro Credit Schemes

  Through these schemes, the State Government has given out loans to Co-operative Societies, Church Fellowships, Traders, Farmers and Small-Scale industrialists to enhance their well – being and also promote economic independence.

 The report of the operation of Akwa Ibom State Micro Credit Schemes as at 28/2/2005 is as displayed here

 12.       Audited Account

 The Accounts of the State Government have been successfully audited up to December, 2003 as illustrated below:

This development is a testimony to the resolve of Obong Attah’s administration to adhere to the tenets of transparency and accountability.

13.       Community-Based Rural Transformation

Arc. (Obong) Attah’s administration is committed to its policy thrust of ensuring socio-economic transformation of the State through the provision of people-oriented Projects .

 Between 2004 and 2005, the State Government under the auspices of the Inter-Ministerial Direct Labour Co-ordinating Committee executed and also commissioned ninety-three (93) various projects.

 The Projects which cut across twenty-eight (28) Local Government Areas in the State include:  Electricity, Mini-Water, Classroom Blocks, an access road, Health Centre Building and Police Staff Quarters.

 Also, under the current phase of its intervention programme, 153 projects that were embarked upon have been completed.  The breakdown of the projects are as follows:

Electricity         -           85

Mini Water       -           18

Construction of facilities in Schools and Hospitals  -  50

                                                                    Total:     - 153

The Commissioning of these projects commenced on Friday January 20, 2006 and will be rounded up on Monday March 13,2006