Home Business Akwa Ibom canvasses for partnership to boost economy
Business - November 9, 2018

Akwa Ibom canvasses for partnership to boost economy

Governor Udom.

The Akwa Ibom State Government is seeking partnership with investors to further boost the economy of the state.

The state governor, Emmanuel Udom, according to Thisday, called on investors to take advantage of the available manpower, natural resources, as well as peace and security in the state to invest and expand the state’s economy.

Emmanuel made the call while exchanging views with the Emir of Kano, Muhammadu Sanusi 11 who was on a courtesy visit at Government House, Uyo, the state capital.

He noted that a strong economy gingers sustainable growth and enhances political development, noting that Akwa Ibom State is strategically located in the Gulf of Guinea, with a drought of 17.3 meters suitable for a deep seaport which is at the fourth stage of it execution, stressing that the successful completion of the seaport would ease the constraints at the Lagos Apapa Port.

Emmanuel said the state is blessed with the longest shoreline and that plans are underway for a logistic hub to be established in the state, adding that a cargo logistic terminal would be added at the Ibom International Airport to take care of the West African sub- region.

The governor expressed appreciation to the Emir for the visit and his vision for the growth of the country’s economy and lauded the Emir’s advocacy for a national conversation that would aid in chatting a way forward for the economy of the country.

Earlier, Alhaji Muhammadu Sanusi II stated that he was in the state on a double mission to foster goodwill between the people of Kano and Akwa Ibom states as well as explore modalities for the smooth implementation of Qua Iboe Power Plant Limited project (QIPPL).

Sanusi said that $1 billion is to be invested in the project with Mobil Producing Nigeria partnering in the gas pipeline with additional $300 million.

He said the power plant, when completed, is expected to add 540 megawatts of electricity to the national grid and expressed optimism that with the multi billion investment in the gas project, other firms would be attracted to the state, adding that the gesture would boost the economy of Akwa Ibom and the country as well as create jobs for the teeming youths.


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