The Diarygame: 20-12-2025,A'Ibom REPOSITIONS ECONOMY TO DRIVE REVENUE FROM DIVERSE SOURCES- AKICORP MD/CEO

Akwa Ibom State is charting a new economic course aimed at reducing dependence on federal allocations, following deliberate efforts by Governor Umo Eno, PhD, to reposition the state’s economy for sustainable, internally generated revenue growth.

This declaration was made by the Managing Director and Chief Executive Officer of the Akwa Ibom Investment Corporation (AKICORP), Mr. Imo-Abasi Jacob, during the AKICORP Day celebration at the Christmas Unplugged 3.0 event held on Saturday, December 20, 2025.

According to Mr. Jacob, Akwa Ibom has increasingly become a preferred destination for investors as a result of strategic investments in critical infrastructure and a business-friendly policy environment fostered by the state government.

He identified three major economic gateways driving the state’s growth trajectory: the aviation sector anchored by the airport and Ibom Air; an expanding and integrated road network; and maritime facilities. These, he said, have opened investment opportunities across sectors such as sports, hospitality, healthcare, housing, and socio-cultural tourism.

“Ibom Air is second to none in Nigeria,” Mr. Jacob stated. “It is a flagship initiative that defines Akwa Ibom, delivers exceptional service, and continues to attract investors to the state.” He added that the airline’s operational success has not only enhanced the state’s financial standing but has also served as a catalyst for broader economic activities.

The AKICORP helmsman noted that Akwa Ibom is embarking on a new economic journey, stressing that the ongoing diversification of revenue sources would strengthen the state’s financial independence and promote long-term sustainability.

Also speaking, the Executive Director, Other Investments, Mr. Usen Effiong, urged members of the public and private sector to take advantage of the vast investment opportunities available in the state. He listed real estate, aviation, the oil and gas free trade zone, marine services under the blue economy, agriculture, and solid minerals as key areas ripe for investment.

Mr. Effiong assured prospective investors of AKICORP’s readiness to partner with them, adding that the corporation is structured to plan, direct, organize, and coordinate investments to meet world-class business standards.

The event featured drama presentations, investment-focused quizzes, and partnership engagements designed to support emerging businesses. Winners received gifts, adding colour to the festive celebration.

In his remarks, the Director of Project Monitoring and Implementation, Mr. Innocent Ukwere, expressed appreciation to Governor who made Christmas village possible and participants with stakeholders for their support and active involvement in the event.