Local investors/entrepreneurs in the State have been assured of Government readiness to partner and support them, as well as create an enabling environment for them to thrive, with a view to actualising the present Administration’s policy on industrialisation.
This was the assurance given by the Executive Chairman, Akwa Ibom Investment Corporation (AKICORP), Dr. Elijah Akpan, while playing host to the Management of Master Plan Innovative Industries Ltd, Ikot Ekpene, in his office, on Wednesday 9th December, 2015.
Represented by the Executive Director, Operations, Mr. Imo-Abasi Jacob, the AKICORP Boss reiterated the fact that because the Small and Medium Enterprises (SMEs) is the vehicle that drives any economy, the State Government was doing everything possible to encourage its growth.
Dr. Akpan said Government was excited about the project and eager to see it and other SMEs flourish in the State, maintaining the fact that creating jobs for its teeming population is the focus of this Administration.
Speaking earlier, the Chairman, Master Plan Innovative Industries Ltd, Pastor Victor Uko-Abasi, said his company is a Nylon Waste Recycling Plant and a waste to wealth initiative, expressing the optimism that delay in the issuance of Certificate of Occupancy would not kill initiatives of local entrepreneurs.
In her presentation, the Managing Director, Master Plan Innovative Industries Ltd, Mrs. Susan Uko-Abasi, said that floating the company was an opportunity to impact, not only her immediate environ, but the State at large.
She noted that the use of polythene as packaging bags was already putting pressure on the sources of raw material to its manufacturers and, therefore, recycling was one of the viable means of sustaining the industry.
Enumerating the many advantages derivable from the venture, the MD said it would create full employment to, at least, 200 youth and women that will work on the machines, marketing, administration and that a lot more will be engaged as auxiliary staff, in the picking up of pure water sachets, totalling about 1000 people to be taken off the labour market.
According to her, the problem of poly products waste that have been a source of nightmare to Government as they block drainages, thereby, causing floods and erosion, would become a thing of the past.
Also, there will be a balance in the ecosystem by the removal of waste that is not environment-friendly and a reduction in crime rate, as most crimes committed are caused by unemployment.
For the company to come on full stream, she prayed the State Government’s equity participation, approval of C of O and provision to source of power.
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