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INVESTMENT
INCENTIVES OF AKWA IBOM STATE |
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As
part of the efforts of the Government of Akwa Ibom State
to provide an enabling environment for the growth of
enterprise, encourage inflow of foreign investment as
well as protect existing ones to stimulate the expansion
of the industrial capacity of the economy, the State
has developed this investment incentives for investors
to the State.
This
package of incentives which is exclusive to Akwa Ibom
State is further enhanced by other Federal Government
investment incentives These are mainly in the areas
of taxation and fiscal policies, as well as Guarantees.
POLICY
THRUST ON INVESTMENT
The main policy thrust of the Government of Akwa
Ibom State on investment is to encourage private sector-led
industrialisation in stimulating the expansion of
her domestic production capacity, improve efficient
production of goods and services, create employment
and promote technology driven development.
It
is a major policy of government to reduce direct state
ownership of enterprises and control over the economy.
Arising from this. Government's role will be limited
to creating a conducive investment climate for the
private sector to flourish.
COORDINATING
AGENCY
The
State Government has established a corporate body:
The Akwa Ibom Investment and Industrial Promotion
Council (AKIIPOC) as the primary agency of Government
to cordinate the development and promotion of investment
in the State. The Council will also provide Investment
Advisory Services.
SPECIFIC
INVESTMENT INCENTIVES
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Together we Shall Prosper |
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His Excellency, Barr. Godswill Obot Akpabio
The Executive Governor of Akwa Ibom State |
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It is with utmost gratitude to God and
immeasurable joy that I stand before you today as your Executive
Governor. On behalf of my wife, your first lady; my entire family, my
deputy and his dear wife, I thank you, my people, for voting en masse for
PDP in the general elections of April 14 and 21/26/2007. I salute your
maturity, courage and peaceful disposition during and after the
elections. I salute you for reposing your confidence in me right from the
primaries of December 14, 2006 and bringing it to a climax on April 14,
2007. I assure you that your decision shall never be in vain. Today, we
celebrate our self-worth as a people and our ability to strengthen
democratic ideals by voting according to our conscience. We have taken
the right step in our march towards a glorious future.
Fellow citizens, this is a new era
signifying a renewal and symbolizing an end as well as a beginning. Above
all, we are witnessing, not just the beginning of another chapter of
history but beholding the actualization of God’s will in Akwa Ibom
State.
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