Business community in Akwa Ibom State is restrategising to reposition the state’s economy in line with the private sector initiative
As Nigeria looks beyond oil resources in the implementation of strategic economic policies and programmes, the business community in Akwa Ibom State has set the tone towards refocusing the economy in line with the private sector initiative.
Towards this end, business stakeholders under the aegis of the Akwa Ibom Organized Private Sector Association (AKPOSA), has taken a big, bold step to reorder the hitherto civil State to an industrialized economy.
The Chairman of AKOPSA, Mr. Uduak Udo, who spoke at the just concluded economic summit held at the Le Meridian Ibom Hotel and Golf Resort, Uyo, explained that the move became necessary to compliment governor Udom Emmanuel’s industrialization policy in the State. With the theme; “The Private Sector, Catalyst for Economic Development”, the AKOPSA chair explained that the platform would serve a major driving force to galvanize key industry players to reposition the economy for local and foreign entrepreneurs to invest.
“We strongly believe that an accelerated and increasing production of goods and services fueled by a more dominant private sector will provide the best opportunities for productive engagements of the citizenry and guarantee for material and overall wellbeing of the people”, he stressed.
“The toga of a civil service State with all its damning implications of imposed redundancy, dwindling productivity, escalating unemployment, increasing poverty and slow death of the economy must be reversed and jettisoned for good”, Udo added.
Akwa Ibom government, he said, should be the major facilitator of the private enterprise economy through some strategic interventions and aid to the business owners for the State to thrive economically for jobs and wealth creation.
In the same vein, the Chairman of Philips Consulting Group (PCG), Lagose, Mr. Folusho Philips, advised industry leaders in the State to focus more on key areas of agriculture and manufacturing, even as he advocated for a strong public\private sector synergy.
“We need a supportive civil service; the civil service is important for continuity and effectiveness”, he noted, and advised the private business owners to focus more on areas they have comparative advantage and value addition.
Philips, who noted that government must provide the enabling environment to aid economic diversification from oil, urged business operators to create jobs and a guarantee for inclusiveness and security.
The Commissioner for Economic Development, Dr. Emmanuel Onwioduokit, assured industry leaders of government commitment towards a sustainable private sector driven economy and pledged to support the cause.
He said government would issue Certificate of Occupancy (C of O) to willing investors within the duration of application.
– Iniobong Ekponta, Uyo