The Akwa Ibom State Coconut Refinery

The Akwa Ibom state government is working hard at diversifying her economy from the mono crude oil to other sources especially from agro-allied industries now taking root in the state.  The need for this vision is not farfetched considering the dwindling fortunes of crude oil in the world market today.

Gov Udom Emmanuel is, therefore, pursuing a vision of diversification through the establishment of small and medium scale industries such as the coconut oil refinery established in the state by the present administration as a globally competitive high-income spinner.

Akwa Ibom State Commissioner of information, Sir Charles Udoh, made this known over the weekend while appearing on a Live XL 106.9FM Super Breakfast Show – The Talk.
Sir Charles Udoh, who reiterated that the world is fast moving away from crude oil to other sources of revenue, stated that coconut oil is gaining ground as a better alternative to crude oil, with a barrel of coconut oil selling higher in dollars in the world market.

He said this realization gingered the interest of Governor Emmanuel in setting up a coconut oil refinery in Akwa Ibom to boost the internally generated revenue of the state as an alternative to crude oil.
According to Udoh, the government has put in place modalities to ensure the availability of raw materials for the coconut refinery for a smooth run of the industry when it hits off production, being a major source of internally generated revenue in the face of the declining income from crude oil.

Speaking further on government’s commitment at boosting its internally generated revenue, Udoh said the industrialization renaissance of Governor Emmanuel, with over 18 industries on stream, is gearing not only at alleviating poverty and creating jobs and wealth for the teeming people of the state but also at propelling the internally generated revenue.

 

Udoh said this much necessitated government’s investment in the completion work on Four Point by Sheraton in Ikot Ekpene, the construction of the permanent terminal building at the Victor Attah International Airport, the construction of the second runway and plans to increase the fleet of Ibom Air, all geared at attracting investors and tourists towards boosting internally generated revenue of the state.

On plans by the state government for Christmas, the state government spokesman said there is excitement in the air as visitors, guests and tourists have more reasons than one to come to Akwa Ibom State for celebration during the Yuletide.

He said the Unity Park is agog with a beehive of activities commencing from December 1, when the Christmas Village will be thrown open till about the early part of next year, 2020, and listed programmes lined-up for entertainment and relaxation to include: Fashion Show, the usual Ibeno Beach Carnival, “Usen Ndia”, an exhibition of the salivating delicacies and cuisines of the people of Akwa Ibom State as well as the popular Guinness Book of Records Christmas Carol Festival.

Meanwhile, while briefing Government House Press after a state executive council meeting previously, the state information boss had enlisted measures adopted by government to ensure availability of raw materials for the coconut refinery to include: approval for the establishment of a 50-hectare Coconut plantation in each of the 31 local government areas of the state as well as the cultivation of 300 coconut stands in 230 selected secondary schools in the state.

He said that the decision was in line with the commitment of Udom Emmanuel-led administration to move the state from a mono oil-driven economy to an agro-based economy, and stressed that coconut is a very valuable product with over 360 uses.