|
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
|
