The Economy

Although the state is mineral - rich, agriculture is the bedrock of its economy. It employs about 70 percent of the state's workforce. Most are engaged in subsistent farming. The industrial sector is small and is dominated by government owned companies. The private sector is active in the service areas, although a few industries are privately owned.

At inception, the state inherited a number of companies from Cross River State. These are:

  • Sunshine Batteries, Essien Udim

  • Peacock Paint, Etinan (Privatised)

  • Quality Ceramic Industries, Itu (Privatised)

  • Qua Steal Products Limited, Eket

  • Asbestonit Industries, Oron

  • Plasto - Crown Industries, Uyo

  • International Biscuits Limited, Ikot Ekpene

  • Champion Breweries, Uyo (Privatised)

  • Pamil Industries, Abak

Most of the companies are ailing, becoming a drain on government. As part of the economic policies of the present Administration, these companies are to be revived and privatized. Government is diverting its interest in them in line with overall philosophy to focus on creating an enabling environment for private sector initiatives to flourish.

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Together we Shall Prosper

His Excellency, Barr. Godswill Obot Akpabio

The Executive Governor of Akwa Ibom State

 

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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