₦airaland Forum

Akwa Ibom govt plans 4-star Ibom Hotel in Abuja to diversify revenue streams beyond oil

The Akwa Ibom State Government has unveiled plans to construct a 4-star Ibom Hotel in Abuja as part of its broader strategy to diversify revenue streams and reduce dependence on oil.

Governor Umo Eno made this announcement during his presentation of the 2025 budget proposal before the Akwa Ibom State House of Assembly on Wednesday.

He further emphasized that the state government is finalizing arrangements for the hotel’s construction, which is expected to generate substantial long-term returns on investment.

The details were drawn from the governor’s speech, which was later made available on the official website of the state government.

“We are also concluding plans to construct a Four-Star Ibom Hotels in Abuja- all these will in the long run earn us solid returns on investment. As the world is looking beyond oil, we too, must make plans to think ahead and survive without oil,” he stated.

This announcement comes just weeks after the Akwa Ibom State government held the groundbreaking ceremony for the construction of the 18-storey Ibom Towers, a project that, upon completion, will mark the state’s entry into the dynamic Lagos real estate market.

The governor emphasized the state’s commitment to boosting its internally generated revenue through the innovative revitalization of its underutilized assets.

What you should know

Governor Umo Eno outlined several key initiatives by the Akwa Ibom State Government aimed at diversifying the state’s economy and fostering sustainable development.

- He emphasized the Ibom Deep Seaport, a flagship project vital to the state’s long-term economic strategy. The governor shared that a comprehensive feasibility study, encompassing geo-technical, geo-physical, and environmental assessments, has been successfully completed.

- With the study finalized, he confirmed that the project will now proceed to the Front-End Engineering Design (FEED) phase, a critical step in the execution of large-scale infrastructure projects. He also highlighted progress in improving access to the facility and enhancing the seaport’s connectivity and operational readiness.

- Governor Eno also highlighted tourism as a central pillar of the state’s economic vision. He announced that a section of Arise Park, the state’s ambitious tourism project, will open in December, with the first phase featuring a children’s playground and a golf course.

Situated on land once devastated by gully erosion along Etim Umana and Dominic Utuk Avenues, the park, as noted by the governor, now embodies the state’s dedication to transformation.

Upon completion, he stated, Arise Park will emerge as a major tourism hub, driving economic growth, creating jobs, and furthering the state’s diversification goals.

Source: https://nairametrics.com/2024/11/29/akwa-ibom-govt-plans-4-star-ibom-hotel-in-abuja-to-diversify-revenue-streams-beyond-oil/

G

Always investing in hotel, and bridge. Why not invest in your people. So they can be wealthy enough to run prosperous business and pay tax. Governors need to invest in the people, not just useless projects that can't even last for 10 years. Obudu cattle ranch is an example.

OneCandleAway:
Always investing in hotel, and bridge. Why not invest in your people. So they can be wealthy enough to run prosperous business and pay tax. Governors need to invest in the people, not just useless projects that can't even last for 10 years. Obudu cattle ranch is an example.

Who will sell votes to politicians if the people are earning a living wage?

.

OneCandleAway:
Always investing in hotel, and bridge. Why not invest in your people. So they can be wealthy enough to run prosperous business and pay tax. Governors need to invest in the people, not just useless projects that can't even last for 10 years. Obudu cattle ranch is an example.

PUNK
Ignorance speaks louder than facts! Do you even know the countless lives he’s transformed—those he’s sent for international training or the small businesses he’s uplifted? Admit it, your bitterness stems from jealousy because Akwa Ibom state is leaving yours in the dust.Idad!

Same State where 95% of her youths depend on menial jobs like househelp, gateman and beer parlour sales girl for survival.

All these Niger Delta States that are stupendously rich but don't impact their citizens positively will end up in shame.

Continue building hotels and relaxation centers.

Fools.

Every time hotel hotel. Una wan finish these small Small girls wey una suppose leave for young guys

DRKRIZ:
PUNK
Ignorance speaks louder than facts! Do you even know the countless lives he’s transformed—those he’s sent for international training or the small businesses he’s uplifted? Admit it, your bitterness stems from jealousy because Akwa Ibom state is leaving yours in the dust.Idad!

Weyrey
And you know my tribe how?
So you guys think anyone not sucking the balls of politicians is automatically igbo?

Hope uts not this brain you used to type this you use to cross the road.

OneCandleAway:
Weyrey
And you know my tribe how?
So you guys think anyone not sucking the balls of politicians is automatically igbo?

Hope uts not this brain you used to type this you use to cross the road.

It's crystal clear you are unschooled, you can't even construct one correct line of sentence... there's no way you can think straight... It's not hard to decipher a poor brat with cheap data...I won't bother engaging you again talkless of educating you about you investment and diversification of portfolio....Fool focus on your state.Unam Ikot iwa!