In a strategic move to broaden its economic base, the Akwa Ibom State government is focusing on leveraging non-oil sectors such as cocoa, maritime activities, and agricultural produce for export expansion.
During a recent discussion with the press, Capt. Iniobong Ekong (rtd), the newly appointed Commissioner for Trade and Investment, emphasized the urgency of revitalizing the state’s economy through progressive trade and business policies powered by Information and Communication Technology (ICT).
Addressing the theme “Unlocking Opportunities: The Role of Trade and Investment in the Arise Agenda,” the commissioner, recently transferred from the Ministry of Lands and Town Planning, revealed that new legislation is being developed to foster a business-friendly environment that nurtures local enterprises.
He remarked, “The governor’s ARISE Agenda transcends a mere plan; it is a pragmatic, people-centered call to action.”
“This initiative identifies trade and investment as fundamental drivers for sustainable economic development, employment generation, and inclusive wealth creation. Our ministry is strategically positioned to convert these goals into tangible results.”
“Our core objective is to attract investments that enhance local content, promote value addition, and accelerate industrial growth.”
“We are committed to empowering Medium, Small, and Micro Enterprises (MSMEs) by establishing a supportive ecosystem where small businesses can flourish, positioning Akwa Ibom as a premier investment hub within Nigeria and internationally, while fostering strong collaborations with private sector players and development partners.”
To streamline business operations, the commissioner highlighted ongoing partnerships with various ministries, departments, and agencies (MDAs) aimed at revising regulatory frameworks and simplifying procedures to attract and retain investors in Akwa Ibom.
He pledged to expand access to financing, capacity-building programs, and market linkages for MSMEs across all 31 local government areas, alongside initiating Industrial Cluster Development (ICD) projects aligned with the government’s rural development agenda.
“We plan to promote the creation of small-scale manufacturing units and agro-processing centers in strategic locations,” he added.
“A detailed investment roadmap will soon be launched, showcasing opportunities across sectors such as agriculture, tourism, aviation, energy, maritime, manufacturing, and ICT.”
“Our efforts will also focus on boosting trade and export activities by facilitating entry into regional and global markets for Akwa Ibom’s products, particularly non-oil commodities, through trade fairs, promotional events, and exhibitions,” the commissioner affirmed.
Furthermore, he disclosed plans to establish investment desks within liaison offices in Abuja and Lagos to develop a comprehensive Investment and Trade Compendium.
