INVESTMENT INCENTIVES OF AKWA IBOM STATE

Provision of Social Infrastructure

The State has developed urban and rural roads motorable throughout the year. Uyo, the State capital, has been completely transformed with interconnected motorable roads.

To meet the immediate and future power needs of the State a 12MW power plant is being constructed at Ikot Abasi, 60MW of this power is dedicated for utilisation in Akwa Ibom State. Similarly, a dedicated telephone services to deploy 15,000 additional line, to NITEL's existing 5,000 lines is being planned for the State. With a population of about 3 million people, per capital telephone ownership will be about 200 persons/line when completed. This will be one of the best in Sub Saharan Africa .

Industrial Data Bank

The State has developed an Industrial Data Bank on available raw materials and natural resources to assist prospective investors make the best choices in their areas of interest.

Collection of Permit, Licences and Documentation

It is the policy of the State to facilitate and assist in the collection of all permits, licences, etc and ensure all documentations needed bv prospective investors to the State. This is aimed at short circuiting possible bureaucracy usually associated with such processes.

Business Advisory & Promotion Clinic

Akwa Ibom Investment and Industrial Promotion Council (AKIIPOC) has full fledged Investment Advisory and Promotions Department, to advise prospective investors as well as facilitate and establish business contact with new investors as well.

For further information please contact:

The Director General
Akwa Ibom Investment and Industrial Promotion Council
Plot 3, Unit D
Ewet Housing Estate
Uyo, Akwa Ibom State.
Tel/fax:234 – 85 – 203 410, (085)-200972, 203580
E-mail: akiipoc@skannet.com.ng, akiipoc@akwaibomstategov.com

 

 
        
 

  The Next Mile

By Arc. (Obong) Victor Attah, Executive Governor, Akwa Ibom State.

During our first term, May 1999 - May 2003, we focused our energies on laying the proper foundation for sustainable growth and development for our state.  We introduced fundamental economic reforms and embarked on a number of strategic projects with far-reaching implications on the long-term economic well being of our people.  One such project is the Independent Power Plant, IPP, designed to generate 685 megawatts of power from our abundant gas resources. The project is advancing at great speed and we expect that on completion, it will have significant impact on the national power delivery capability.  The Ibom Power project is a precursor to the refining and petrochemical project, which is billed to commence shortly.  Both projects have far reaching implications for our economic transformation. We are building on the gains of these initial efforts. My Administration remains committed to improving infrastructure, building capacity and creating investor-friendly conditions that support efficiency, competition and transparency.  Our telecommunications system has been updated and now provides international standard services.  We are now part of the GSM network.  Our investment in roads development has opened up the state and with it, greater access to new markets in the hinterland.  We continue to re-engineer our processes so that our public sector can run with a private sector mentality, delivering unparalleled values to customers. We have inaugurated a Strategic Economic Empowerment Fund, SEEF, to finance core private initiatives with long-term economic value for our state and people.   .....Click Here for more