Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Delta State Announces $100 Million Viability Gap Fund for Investment

    August 3, 2026 --- 11:59 pm

    Cardinal Onaiyekan in Political Crossfire as Presidency Fires Salvos, Atiku Shields Him

    August 3, 2026 --- 11:42 pm

    Heavens Overflow: The Rising Cost of Heavy Rainfall in Akwa Ibom

    August 3, 2026 --- 12:49 am
    Facebook X (Twitter) Instagram
    Trending
    • Delta State Announces $100 Million Viability Gap Fund for Investment
    • Cardinal Onaiyekan in Political Crossfire as Presidency Fires Salvos, Atiku Shields Him
    • Heavens Overflow: The Rising Cost of Heavy Rainfall in Akwa Ibom
    • Experts Urge Akwa Ibom Farmers to Embrace Agroecology for Sustainable Farming 
    • Nigeria clears 10 Golds to finish seventh at 2026 Commonwealth Games
    • 2027 Elections: Tinubu, Obi, Atiku, 16 others on INEC preliminary list
    • Don’t Let AI Become Master of Journalism- Info Commissioner warns
    • Yahoo Boys Perform rituals and Obtain charms – American Investigator Reveals
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Contact Us
    • Sports
    Straightnews
    Home»News»2 Industries In A’Ibom Belong To Private Investors- Declares Info Boss
    News

    2 Industries In A’Ibom Belong To Private Investors- Declares Info Boss

    straightnewsng.comBy straightnewsng.comJanuary 31, 2018 --- 10:44 amUpdated:January 31, 2018 --- 11:28 amNo Comments2 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    Akwa Ibom State government has admitted that the two industries inaugurated last year in Onna local government area of the state are owned by private investors.

    The industries- syringe factory and Electric Metering Factory- were inaugurated by Nigeria’s Vice President, Yemi Osinbajo, in September, last year, as part of the activities that marked the 30th anniversary of the state.

    Both industries are located in Awa Iman, Onna local government area, home town of Governor Udom Emmanuel.

    Charles Udoh, the state Commissioner for Information and Strategy, said the two companies are owned by private investors and that the government only helped in attracting them to the state through the creation of “an enabling environment.”

    Mr. Udoh, who spoke this Monday during a live interview on Inspiration 105.9 FM Uyo, noted “Let me say something clearly, what the government is doing is not building industries from the pockets of government; nobody does that anymore.

    “The trend in the world is that you set an enabling environment and then attract investors to bring their investments to your territory.”

    Governor Emmanuel has been accused by the opposition of covering up on the true ownership of the companies.

    One of the critics, Senator Ita Enang, Senior Speical to the President on National Assembly (Senate) had severally on Planet 101.1 FM Radio, Uyo under Team Nigeria programme had accused the governor of being secretive in the ownership of the industries.

    Enang vocally condemned the governor of not announcing to Akwa Ibom people the equity shares of Akwa Ibom government in the said industries.

    At times, public analysts and critics reasoned that governments the world over have come out from the cocoon of establishing and running industries in this age.

    They rather consented to the view that in this era it is the primary duty of government globally to provide an enabling environment for industrialists.

    According to them, “Government can only engage under Public-Private Partnership (PPP) by owning shares instead of dabbling wholly into what is largely seen as a private sector-driven business.”

    With the commissioner’s statement, the controversy surrounding the ownership of the multi-billion naira industries in the state has been laid to rest.

     

    industries private investors projects
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    President Pledges to Defend Ibibio dignity, values and legitimate interests

    July 26, 2026 --- 6:55 pm

    NBA Elects New President

    July 20, 2026 --- 10:59 pm

    Floods Hit Uyo, Residents Flee, Leaving Others Homeless

    July 10, 2026 --- 12:59 am

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    Economy

    Delta State Announces $100 Million Viability Gap Fund for Investment

    By straightnewsng.comAugust 3, 2026 --- 11:59 pm0

    Akakan Umoh Delta State Government has unveiled a $100 million Viability Gap Fund, put at…

    Cardinal Onaiyekan in Political Crossfire as Presidency Fires Salvos, Atiku Shields Him

    August 3, 2026 --- 11:42 pm

    Heavens Overflow: The Rising Cost of Heavy Rainfall in Akwa Ibom

    August 3, 2026 --- 12:49 am

    Experts Urge Akwa Ibom Farmers to Embrace Agroecology for Sustainable Farming 

    August 2, 2026 --- 11:44 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Delta State Announces $100 Million Viability Gap Fund for Investment
    • Cardinal Onaiyekan in Political Crossfire as Presidency Fires Salvos, Atiku Shields Him
    • Heavens Overflow: The Rising Cost of Heavy Rainfall in Akwa Ibom
    • Experts Urge Akwa Ibom Farmers to Embrace Agroecology for Sustainable Farming 
    • Nigeria clears 10 Golds to finish seventh at 2026 Commonwealth Games
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.