Akwa Ibom govt plans 4-star Ibom Resort in Abuja to diversify income streams past oil 

The Akwa Ibom State Authorities has unveiled plans to assemble a 4-star Ibom Resort in Abuja as a part of its broader technique to diversify income streams and cut back dependence on oil.

Governor Umo Eno made this announcement throughout his presentation of the 2025 finances proposal earlier than the Akwa Ibom State Home of Meeting on Wednesday.

He additional emphasised that the state authorities is finalizing preparations for the resort’s development, which is anticipated to generate substantial long-term returns on funding.

The small print have been drawn from the governor’s speech, which was later made accessible on the official web site of the state authorities.

“We’re additionally concluding plans to assemble a 4-Star Ibom Inns in Abuja- all these will in the long term earn us strong returns on funding. Because the world is wanting past oil, we too, should make plans to assume forward and survive with out oil,” he said.  

This announcement comes simply weeks after the Akwa Ibom State authorities held the groundbreaking ceremony for the development of the 18-storey Ibom Towers, a mission that, upon completion, will mark the state’s entry into the dynamic Lagos actual property market.

The governor emphasised the state’s dedication to boosting its internally generated income via the revolutionary revitalization of its underutilized belongings.

What it is best to know  

Governor Umo Eno outlined a number of key initiatives by the Akwa Ibom State Authorities aimed toward diversifying the state’s economic system and fostering sustainable improvement.

• He emphasised the Ibom Deep Seaport, a flagship mission important to the state’s long-term financial technique. The governor shared {that a} complete feasibility examine, encompassing geo-technical, geo-physical, and environmental assessments, has been efficiently accomplished.
• With the examine finalized, he confirmed that the mission will now proceed to the Entrance-Finish Engineering Design (FEED) part, a important step within the execution of large-scale infrastructure initiatives. He additionally highlighted progress in bettering entry to the ability and enhancing the seaport’s connectivity and operational readiness.
• Governor Eno additionally highlighted tourism as a central pillar of the state’s financial imaginative and prescient. He introduced {that a} part of Come up Park, the state’s bold tourism mission, will open in December, with the primary part that includes a kids’s playground and a golf course.

Located on land as soon as devastated by gully erosion alongside Etim Umana and Dominic Utuk Avenues, the park, as famous by the governor, now embodies the state’s dedication to transformation.

Upon completion, he said, Come up Park will emerge as a serious tourism hub, driving financial development, creating jobs, and furthering the state’s diversification objectives.