Gov. Udom Emmanuel of Akwa Ibom, says the State Government needs about eight million dollar loan facility to complete a coconut refinery located at Mkpat Enin Local Government Area of the state.
Emmanuel stated this at a Lunch he
Emmanuel said, “about eight million dollar loan facility for the refinery project will soon be ready and the credit is to be repaid within five years.“Coconut refinery project is a major industrial investment by Akwa Ibom government through the ministry of Agriculture and Food Sufficiency.
”He called on the NSIA to facilitate the process of completing the project and also help in the development of other areas of investment in the state
The governor explained that Akwa Ibom is the best destination for investment in the country, given its enormous natural and human resources.Emmanuel said that there are several industries designed by the government and requested for serious partnership with the investment agency.
“With viable gateways such as Water, Air, Land and good roads infrastructure across the state, there is no business that cannot thrive in Akwa Ibom given its serene and secured
Emmanuel who added that over 150 megawatts of electricity
“We are giving the power infrastructure in our state a major boost with
He said the state had invested in the power sector to ensure that every citizen has access to electricity by ensuring that digital meters, now being produced in the state, were installed in every home for proper billings
NAN reports that the coconut refinery is sited at Ikot Akpan Okopido Village in Mkpat Enin Local Government Area on