Ministry of Economic Development, Government of Akwa Ibom State

Ministry of Economic Development, Government of Akwa Ibom State

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Vision for Economic Transformation:

To fully abide by the norms of good governance advocated by the National Planning Commission (NPC), to monitor how state governments are performing in the implementation of their State Economic Empowerment and Development Strategy, SEEDS.

A standard set of objectives are to be used for benchmarking, such as: participatory policy-making and planning; fiscal prudence, due process in delivery of service at all levels; and institutionalizing of the principles of value-for-money in service delivery.

:: Recent Articles

Mar 4, 2013: Continuity of project implementation

Mar 3, 2013: Despite Bakassi, Nigeria, Cameroon Relations at Best, Says Ambassador

Mar 1, 2013: Fitch upgrades Nigerian State of Akwa Ibom to `BB-`

Jan 21, 2013: Akwa Ibom sets 2015 deadline for Ibom airport completion

Dec 4, 2012: Industrialisation And Consolidation of AKS Economy

Dec 3, 2012: AKHA Commences Statewide Inspection Of Projects in AKS

Nov 17, 2012: Akwa Ibom EXCO Proposes N459B For 2013 Draft Budget

Nov 1, 2012: Akwa Ibom e-Library Will Boost Knowledge Economy

Sep 23, 2012: Twenty Five Years After, We Have Reasons to Thank God ...Akpabio, As Akwa Ibom Celebrates Silver Jubilee

Jul 10, 2012: Akwa Ibom`s Budget of Infrastructural Development

Apr 29, 2012: `The Federation Should Be Restructured and Unbundled` –Economic Summit Communique

Apr 29, 2012: Soyinka Commends Akpabio on Education

Apr 28, 2012: South-South Wants FG’s Power Reduced

Apr 26, 2012: Akpabio at South-South Summit Says Akwa Ibom Is ready For the World

Apr 18, 2012: I Will End Stronger In 2015 ...As Akpabio Swears In New Commissioners And Special Advisers

Mar 16, 2012: Annangs Have Ensured Justice in The Development of Akwa Ibom State - Akpabio

Feb 12, 2012: NIESV Adjudges Akwa Ibom As The Fastest Growing State In Africa

Oct 19, 2011: AKSG Maintains Budget At 80% Capital Projects – Ekere

Oct 19, 2011: State Government Approves N5.5 Billion For Payment of New Minimum Wage

Jul 22, 2011: AKS Industrialisation Sees Better Days Ahead ...Monarchs


	Manages state affairs to realise optimum benefits of a robust and manifest growth into a desired major player in Nigeria's and region's economy by exposing all areas and sectors of the state to vigorous, successive, scalable, and appreciable economic activities through empowering private enterprises to take the lead in the state’s economy.

Services

	Poverty Reduction Our coordinated approach to getting individuals, corporate organisations, groups and communities to participate in the development of Akwa ibom is fast getting people outof poverty
	Employment Sensitisation Sharing the benefits of our stable economy and significant growth is getting more done and securing the future for all.
	Investment Attraction We are building a better economy by attracting the best of breed in earmarked industrial sectors to share in the Akwa Ibom dream
	Community Entrepreneurship Entrepreneurship goes by any name, even community as well in our case so we can empower by the numbers
	Managing Economic And Social Indicators We juggle all the economic indices to be confident that our economy is passing through fair weather
	Human Capital Development Developing our human capital means our present prosperity will blossom and be around a while longer

Impact

	Aviation The big picture on aviation dynamics with Akwa Ibom's new international airport is the stimulation of all nodes of the State's economy into vibrancy
	Tourism Tourism in Akwa Ibom experienced a new birth with the heavy injection of financial stimulus resulting in the Tropicana Entertainment complex together with several other tourism components that has provided a robust tourism sector in the State
	Agri-Business We are repackaging agri-business into mass-appeal to find the mix that drives more players into the industry
	Power Supply We are translating the generation of electricity by Ibom Power Plant into higher productivity, elevated quality of life, and higher earnings
	Internally Generated Revenue With greater vibrancy of the State's economy there is a corresponding rise in internally generated revenue (IGR)
	Rising Economic profile The rippling effect of the soundness of our development strategies are evidenced in the generally identifiable rising economic profile of the State

Policies

	AK-SEEDS Akwa Ibom State Economic Empowerment and Development Strategy, AK-SEEDS, helps us ensure we drive the right mix of economic policies
	Millennium Development Goals (MDG) MDG goals are getting us out of poverty and helping us realize developmental best practices in the state
	People Transformation We are supporting the Present administration's promise to transform the people by putting in place the blueprint to drive the process. We have developed core strategies on how to approach economic development bottom up
	Federal And State Economic Policies We implement economic policies planned for the states at the federal level as well as those originated from the state

Projects

	Akwa Ibom State Infrastructure Summit With the 1st Akwa Ibom State Infrastructure Summit held in September 2008 we found ways of turning around the infrastructrual challenges in the state for speedy development
	South-South Economic Summit We have so far participated in two editions of the South-South Economic Summit to partner the region for economic development
	Privatisation We have conducted successful privation exercises to invigorate public enterprises that otherwise would have fallen irretrievably moribund
	Urbanisation We have provided adequate support structures in all our urban centers to enable them ensure favorable economic transactions
	AK-SEEDS And LEEDS Implementation Our AK-SEEDS and LEEDS implementation is moving the economy in the right direction
	Promotion of Capital Intensive Enterprises While individuals and groups are enjoying their economic involvements it in the State's interest that we secure the future by injecting capital intensive enterprises

Economic Development in Akwa Ibom State

Akwa Ibom State is experiencing rapid economic transformation, much faster than the Nigerian average. The quality of life index has grown more than 300% in only four years. Greater emphasis is paid by government to provision of social and economic infrastructures, urban and rural areas have become complementary as government now provides adequate water, electricity, schools, health facilities, community buildings and market stalls in rural areas, and agri-business is massively promoted.

Besides, the state is blessed with several untapped mineral resources, a potential that has lent itself to the industrialisation drive of government. Government is determined to tow the path of economic diversification ino aviation, tourism, and agriculture besides petroluem and continues to play a major role in enterpreneural and industrial development to keep the economy in a perpetual state of growth as well as increase the level of exploitation of natural resources.

In the end, it is the intention of government to build a capital intensive economy rather than a labour intensive one, as well as a knowledge driven economy for global competiveness.

Raw Materials

Food Crops
	Arable Crops
	Fruit Crops
	Vegetable Crops
	Tree Crops	Palm Trees, cocoa, rubber
Livestock
Poultry
Fisheries

On The MDG Roadmap

Milestones

MDGs have become a major tool for giving more meaning to the lives of Akwa Ibom people and monitoring their progress with global benchmark on 8 goals with target set at 2015.

On goal 1 to eradicate extreme poverty and hunger government massively invested in agriculture, improved nutritional standards, and empowered more farmers; on goal 2 to achieve universal primary education government made education free and compulsory; on goal 3 to promote gender equality government made laws to protect children with special intervention for women, such as WAEDEP for agricultural promotion; on goal 4 to reduce child mortality we have fought the six child killer diseases through statewide immunisation and even polio no longer exists in Akwa Ibom.

Also, on goal 5 to improve maternal health, primary, secondary, and tertiary health centers, some new, are now fully functional; on goal 6 to combat HIV&AIDS, malaria and other diseases government drives campaigns in homes, schools, markets, churches, mosques, electronic media, and motor parks; on goal 7 to ensure environmental sustainability we have greatly improved sanitation, street beautification, pollution control, and flood control; and on goal 8 to develop global partnership for development we are making Akwa Ibom a destination for Investors and an Industrial hub, including a commitment to good governance.

:: Recent Photos

A cross section of Governors, the Vice President(M) and Wole Soyinka at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th and 28th April, 2012

Ak Commissioners Eunice Thomas, Sonnday Anyang and Comfort Etuk participating at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th and 28th April, 2012

Aks Information Commissioner Aniekan Umanah(r), Science & Tech Commissioner Comfort Etuk and Comm of Economic Dev Sonday Ayang at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th and 28th April, 2012

Gov Akpabio(m) making his contributions at the Summit, while Oshiomhole(l) and Amaechi(r) listen on at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th and 28th April, 2012

Governor Akpabio with Mr Jim Ovia Chairman of Visa Phone at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th and 28th April, 2012

Governor Godswill Akpabio of Akwa Ibom State, sandwiched by the Governor of Delta State Adams Oshiomhole(l) and Rotimi Amaechi of Rivers State(r) in a panel discussion at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th

l-r Hon. Ita Enang, Senator Helen Esuene, and Barr. Austin Mbeh at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th and 28th April, 2012

Wole Soyinka, Vice President Namadi Sambo and Governor Godswill Akpabio at the 2nd South-South economic summit that was held in Asaba, Delta State between 25th and 28th April, 2012

Bassey Albert, Aniekan Umanah, and Don Etim at the swearing in as Exco members at State Banquet Hall, Government House in Uyo

Cross-section of wives of the new EXCO members at the State Banquet Hall during the swearing in of the new EXCO members

Governor Godswill Akpabio chatting with his deputy, Mr Nsima Ekere, during the swearing in of members of the new State Executive Council

Governor Godswill Akpabio of Akwa Ibom State, congratulating Mr Aniekan Umanah after his (Umanah

Members of the reconstituted Akwa Ibom State Executive Council observing a minute

Members of the reconstituted Akwa Ibom State Executive Council who were sworn-in Wednessday by Governor Akpabio taking their oaths of office

Newly sworn in Special Adviser and former State Chairman of PDP, Prince Uwem Ita Etuk being congratulated by Governor Godswill Akpabio

PDP State Chairman, Paul Ekpo, with Aniekan Umanah, commissioner for Information and Communications after the swearing in of new EXCO members at the State Banquet Hall