…Dismisses N9.1BN Claims As Cheap Blackmail And Propaganda
The Governor of Akwa Ibom State ,Mr Udom Emmanuel says those who are hiding behind the cloak of cheap propaganda and blackmail to deride his administration, have limited knowledge of economics and business.
The Governor said those who desire the truth know that the total estimate in the budget for the new lodge is N1.2bn and since it is just a proposal, it can only be implemented if there is availability of funds.
Mr Emmanuel who spoke to journalists in Government House, Uyo said he is not surprised by the spate of falsehood against his programmes, maintaining that history has recorded that good intentions of world leaders have usually been misconstrued and misrepresented.
“From the days of Moses, great leaders are always misquoted and misconstrued but God can only give vision to one leader, and the people know that at any point in time there can only be one Governor.”
Governor Emmanuel who reacted to the current state of the existing Governor’s lodge in Lagos wondered if the opposition elements wanted high profile meetings with consular generals and international business executives to be held in such a dilapidated building.
“Some people are that the investments should not be done anywhere outside Akwa Ibom State. So do we sell off those assets that can actually generate return?”
He said it was so illogical to reason that investments should be restricted to the state, “are they telling me that Exxon Mobil should not have left America to come and invest in Akwa Ibom?
Following the limited funds available, he explained that the state is run by ideas and creativity that will bring out positive results. He said Lagos holds the highest return in property market in Africa and wondered why the opposition was focused on the slant of whether the investment was in Lagos or not in Lagos.
The Governor further questioned the negative criticisms, saying, “if I can put in N1.2bn in an asset that is worth N30bn and then I can get adequate returns on those assets now that I don’t have so much money coming from crude oil, what is bad in that?”
He said in a short time people will come to realize the gains in the decisions he is taking, maintaining that he takes every decision in the interest of Akwa Ibom and Akwa Ibomites.
He said Akwa Ibom state has a lot of prime properties in prime areas such as Broad Street, Victoria Island, Ikoyi and other areas in Lagos.
Mr. Emmanuel told journalists that premium should not be on the location of the asset, but on the return on the assets, and wondered why people would criticize him by saying, “have you finished building Akwa Ibom, why go to Lagos?”
He said the same set of people are currently criticizing the industries he is setting up in the state on the basis that they are concentrated in one region of the state, forgetting the basic rudiments of economics which harps on the essence of localization of industries.
He recounted that most of the projects such as the electricity sub-station in Uyo, and the flood control project that he has executed had been criticized at the point of conceptualization but now the Uyo residents are enjoying over 22 hours of power supply a day, while the flood on Nsikak Eduok Avenue is now history.
He said those peddling falsehoods on the social media are ignorant on how to play opposition, but reaffirmed that despite the tantrums only one governor will always reign at a particular time.
The Governor who lamented that the country was still behind time in the global economic trend, however advised people to key into his vision of development for Akwa Ibom State.
We are looking at Africa as the next stage of world development and inventions, Akwa Ibom will not be held back, we will be at the frontline as a shining star,” the Governor concluded
I can't believe this mumu is doubling down trying to justify this idiotic proposal. You flying out to Lagos to meet "consular generals and international business executives" instead of just meeting them in your government house or Le Meridian. Then you turn around and claim your some sort of brilliant developer investing tax dollars in Lagos so you can pay taxes to Ambode.
Comparing ExxonMobil investing overseas to state government is mental. All your business can be handled within state without setting up permanent structures. It would improve your state more keeping money.
Keep wasting 1.2 billion in Lagos while your state despite its huge allocation keep on mass producing housemaids and house boys for the entire nation, rubbish.
He said Akwa Ibom state has a lot of prime properties in prime areas such as Broad Street, Victoria Island, Ikoyi and other areas in Lagos.
How much has this return to state? Why don't you hold you meeting in these properties? Did Lagos get high property values by investing in your village or anyone else's state?
“if I can put in N1.2bn in an asset that is worth N30bn and then I can get adequate returns on those assets now that I don’t have so much money coming from crude oil, what is bad in that?”
Which is it. Do you plan on selling this property to realize this gain? Are you Hosting investors and consular generals or renting it out for returns?
