The Government Economic Policy

The State believes that growth and sustainable development can take place through private sector initiatives under an enabling environment created by the government. As part of our responsibility to create that environment, the present administration will invest in strategic areas of power, telecommunications, oil and gas as well as human capital development. Government economic policy is consistent with providing the conditions for competition, liberalization and openness.

We believe in the empowerment of the people to participate and produce economic activities. In addition to numerous skill development programs, the government in partnership with the United Nations Development Program, UNDP, completed the Akpan Andem Entrepreneurship Village, to boost domestic produce capacities and create wealth.

In 1999, Governor Victor Attah undertook an economic tour to the United States where he met a number of investors and sold the opportunities existing in the state. The fruit of the trip has been a surge of interest from the United States, Japan, Taiwan and China in partnering with Akwa Ibom for its development. Government is offering a number of incentives to attract and sustain these investors. These include: free land and title, access to research studies on various fields in addition to tax holidays, capital allowance and easy repatriation of profits.

AKIIPOC has undertaken a number of studies on investment opportunities that exist in the state and is willing to share these studies with interested investors.