Niger Delta
A’Ibom Earmarks N15bn For Industrialisation
Akwa Ibom State Government says it has set aside N15 billion in this year’s budget for its industrialisation policy to create employment opportunities for its teeming youths.
The Deputy Governor of the state, Mr Nsima Ekere, disclosed this in Uyo on Tuesday at the opening of an investment sensitisation workshop for chairpersons and principal officers of Local Government Areas (LGAs).
The workshop has as its theme, “Promoting Small and Medium Enterprises in the 31 LGAs of Akwa Ibom State”.
Ekere said the N15 billion would serve “as seed fund for indigenes of the state who have serous business projects through public private partnership (PPP).
“This is a seed capital to help investors to obtain loan from the bank.’’
Ekere said the industrialisation policy of the state would be anchored on supporting the establishment of one cottage industry in each local government area.
The deputy governor said the government would also provide land and infrastructure in the industrial estate to facilitate investment in the state.
He charged the local government transition chairpersons to make good use of the opportunities by harnessing the natural resources and endowments in their areas.
Earlier, Mr Senas Ukpanah, Special Adviser, Investment and Industrialisation to the government, said the workshop was to brief the chairpersons on the details of the programme and solicit for their support.
He said the workshop would also review available investment opportunities in the state and recommend the establishment of small and medium enterprises on the basis of comparative advantage.
The participants were drawn from all the 31 LGAs and private investors across the state.
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