Data on the Range of Investment, Wealth & Job creating possibilities in Akwa Ibom

Data on the range of Investment, Wealth & Job creating possibilities in Akwa Ibom

  • Swamp Rice Plantation
  • Cassava, Yam and Vegetables Plantation
  • Irish And Sweet Potatoes Farms
  • Maize, Beans and Sorghum Farms
  • Plantain and Bananas
  • Pineapples, Mangoes and Oranges
  • Groundnuts and Melons
  • Sunflower, Soyabeans and Jojoba
  • Oil Palm Plantations
  • Coconut Plantations especially along The Atlantic Beaches Of Akwa Ibom
  • Rubber and Cocoa Farms
  • Dairy Farming – Cows, Goats for meat, Milk, Yoghurt and Cheese possibly in partnership with interested foreign investors.
  • Piggery for sausages and sheep for bacon production possibly with overseas investors
  • Rabbit, Porcupine, Mushrooms and Snail Rearing
  • Fish Farming
  • Poultry Farming

The moving engine and lubricant for rapid, sustainable wealth creation and employment generation in all countries worldwide is industrialization.

  • As in many developed and developing countries, our Union of Cooperators could become a veritable tool for mobilizing funds. It should be a beacon of light for galvanizing interested investors, communities, families and individuals through voluntary contributions credited to the contributors and targeted for eventual utilization as the contributors’ project fund holdings in any project of the contributor’s choice.
  • It is not a donation or levy. It is the contributor’s property. For example, if 5,000 members of say a socio cultural group decide to contribute N10, 000, a sizeable sum of N50 million would be available for starting 4 medium-scale industries of N12.5 million each.
  • Contributor’s attention would be drawn to investment opportunities in Akwa Ibom and sources for obtaining technical and management advice like feasibility studies, loans and possible foreign technical partners for such projects.

A list of possible small and medium-scale projects which are based on the availability of local raw materials in Akwa Ibom include the following :

  • Medium – scale pulp mill for the production of long fibre pulp from kenaf, cotton linters, raffia palm, pine and bamboos.
  • Medium – scale caustic soda and chlorine plant from sea salt
  • Animal feeds and concenterates mill
  • Food processing plant for the production of gari, fufu flour, soy-ogi, yam flour, ground rice and semolina
  • Palm oil mill
  • Vegetable oil mill
  • Fruit juices and marmalades plant
  • Production of wines from local fruits like cocoa, pineapple, mangoes
  • Production of stearic and palmitic acids from palm oil
  • Production of starch and cassava chips for export
  • Ethanol (Industrial alcohol) production plant
  • Malting plant
  • Salt production company
  • Insecticides plant
  • Soaps and cosmetics production company
  • All purpose chemicals production plant for the manufacture of kaolin, calcium carbonate, calcium sulphate, soda ash and calcium hydroxide
  • Lubricants blending machine
  • Medical cotton wool and intravenous fluids plant
  • Building bricks plant
  • Gas filling plant
  • Mini-synthesis plant for producing valuable organic and petrochemicals products: Examples; solvents, aldehydes, ketones, esters
  • Production of master batches
  • Production of teaching aids from polypropylene and high density polyethylene (HDPE)
  • Production of textiles buttons
  • Establishment of a foundry and machine workshop
  • Production of nylon and executive traveling bags from polyethylene and polypropylene
  • Fertilizer blending plant
  • Production of plastic auto-components
  • To achieve the above plans, the State’s Investment company  could source for matching funds from UNDP, UNIDO, EEC, JETRO, CIDA, USAID and other bodies for prosecution of the industrialization programme
  • In the attached appendix, a list of some industrial profiles and technological schemes are attached for interested potential investors

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