Akwa Ibom Government has entered into agreement on agricultural infrastructural development, expansion and consolidation with Ashdene Associates Nigeria, a Singapore based investment organisation.
At the ceremony in Uyo yesterday, Governor Udom Emmanuel reiterated his administration’s commitment to laying a formidable economic foundation to fast-tract all round development of the state, adding that the company has demonstrated its repute by having businesses in 29 countries of the world.
“I commend you for making Akwa Ibom the destination of your investment and your decision to collaborate with the state in the area of investment in addition to infrastructural consolidation and expansion.” The Governor remarked.
The Governor commended the company’s decision to set up a rice farm alongside a processing mill at Ini Local Government Area, establishment of coconut plantation and construction of roads in communities where they would carry out the investment and spoke of his administration’s disposition towards investment, assuring the investors of a conducive business environment for their venture.
“I want to assure you that this is a government that is investors friendly, our policies, strategies, and focus centre on investments. Be rest assured that the responsibilities of government in the agreement signed would be duly executed.
“We are not ignorant of the environment that you need for investment like this to grow and we are determined to create the right opportunity for your investment to thrive.” He said.
The Country Director of Ashdene Associates Nigeria, Dr. Patrick Adiel said their company which is faith based none profit organisation is in the state to explore the abundant agricultural resources to help create wealth and open up employment opportunities that would engage the people meaningfully.
Adiel added that in seven days after the agreement has been signed, the company will swing into action for the rice project covering ten hectares of land in which about one hundred million Dollars would be invested, the Coconut Plantation and Refinery project as well as road construction which they have undertaken in partnership with the state government as part of their corporate social responsibility.
He acknowledged the hospitality enjoyed from both the government and people of the state and thanked the state Government for partnering the organisation in its development programmes and assured that every project earmarked for execution would be completed within fourteen months.
The Commissioner for Special Duties, Engr. Etido Inyang, his counterpart in the Ministry of Agriculture and Natural Resources, Dr. Mathew Ekaette and Chairman Committee on Foreign Direct Investment, Dr. Gabriel Ukpe who signed the agreement on behalf of the state government in their separate remarks, commended the Governor for scouting for investors in various aspect of the economy saying that the state shall witness a manifestation of the industrialisation programme and that the youths will be gainfully employed even as farmers would realise better returns from their investment.

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