Gov Emmanuel Partners Sovereign Investment Authority, Assures On More Industries

Governor Udom Emmanuel says Akwa Ibom is the best destination for investment in the country, given its enormous natural and human resources for wealth creation.

The Governor stated this at a dinner he organized for officials of the Nigeria Sovereign Investment Authority, NSIA, at Government House in Uyo.

Governor Emmanuel said that there are several industries in the kitty that would soon berth and requested for serious partnership with the investment agency.

“With viable gateways such as Water, Air, Land and good road infrastructure across the state, there is no business that cannot thrive in Akwa Ibom given its serene and secured ambience.”

The state chief executive also said that over 150 megawatts of electricity is generated by the Independent Power Plant in Ikot Abasi, and only a very minute fraction of the generated power is consumed within the state.

Mr. Emmanuel explained that, “we are giving the power infrastructure in our state a major boost with provision of Standard substations to ensure power stability and enhance the development of small and medium scale enterprise.

Governor Emmanuel while appreciating the NSIA officials for the choice of the state for the retreat also highlighted some of the development strides recorded by government in Healthcare, Agriculture, Education and Industrial sector of the economy

He said that the state has invested in the power sector to ensure that every citizen has access to electricity by ensuring that digital meters which now produced in the state, are installed at every home for proper billings.

Governor Emmanuel also said that the state has invested in sports development and the gains are beginning to manifest in the field of Soccer and Athletics.

He said that the Coconut refinery is another mega bucks investment given the price of coconut oil in the international market.

The state chief executive said with about Eighty million Dollars as loan facility the refinery project will soon be ready and the credit facility repaid within five years.

He called on the N.S.I.A to facilitate the process and also help in the development of other areas of investment.

The Chairman, Board of the Nigeria Sovereign Investment Authority, Mr. Jide Zietlin, applauded the Governor for the insights in exploring the investment potential of the state and the bold steps taken to make Akwa Ibom and investors Haven.

This, he said, informed the choice of the state for the retreat and assured that the retreat would enable the team explore and make recommendations on the areas for priority for partnership.

He thanked the Government and the people for the warm reception to his team.

In the entourage of NSIA were Board Members and Consultants of NSIA.