By Ukpong Ukpong
Akwa Ibom state is undergoing significant transformation, offering attractive investment opportunities for discerning investors worldwide. Strategically located at the point where the River Niger flows into the Atlantic Ocean, the state boasts a natural deep ocean trough of approximately 50 feet, capable of accommodating large post-Panamax vessels without dredging.
The government has launched facelift projects to develop the coastal areas for maritime trade and investment. This initiative begins with the reconstruction of the long-abandoned Oron Beach, which was once a thriving commercial terminal and melting pot of African trade, culture, and tourism. On March 16th, 2025, Governor Pastor Umo Eno performed the groundbreaking ceremony, signaling the commencement of reconstruction works on the Oron jetty, ferry terminal, and leisure resort.
Akwa Ibom aims to open up its coastline, the longest in the country, for maritime economic activities, including:
- Water Transport and Logistics: Developing infrastructure to facilitate the movement of goods and people.
- Sports, Leisure, and Tourism: Creating attractions and amenities to draw visitors and boost local economies.
- Fishing, Aquaculture, and Agro-Allied Industry: Harnessing the state’s natural resources to drive growth in these sectors.
Other coastal areas, such as Mbo, Esit Eket, Eastern Obolo, Ikot Abasi, Ukanafun, and Itu, are also slated for development. As these projects progress, human traffic will increase, creating opportunities for investments in hotels, restaurants, and related businesses.
The fishing industry’s entire value chain will thrive in the coastal waters, with both brackish and fresh waters along river inlets supporting fishing and aquaculture. Fish, shrimp, and oyster breeding could be a profitable investment, providing food and employment to locals.
The Oron Beach reconstruction project is expected to be completed within six months, rebranding the area as a prime destination for recreation and leisure activities. This presents a timely opportunity for Akwa Ibom businessmen and women, both at home and in the diaspora, to invest in Oron and other coastal areas.
By supporting the administration’s coastal development initiative, investors can reap significant economic benefits while contributing to the region’s growth. As seen in Lagos state, government-led development initiatives can greatly enhance the economy when citizens buy in.
Key indicators suggest that investments in Akwa Ibom state’s coastal areas will be secure. The state government has created a Ministry dedicated to internal and waterways security, coordinating activities with local vigilante groups and security agencies. Additionally, the governor has taken proactive steps to cultivate a robust working relationship with heads of security agencies, and the government has procured 14 gunboats to aid in patrolling the state’s coastal waters.
Investing in Akwa Ibom’s coastal areas offers a guarantee of huge returns on investment, both in the short and long term. With its strategic location, natural resources, and supportive government policies, Akwa Ibom is an attractive destination for investors.
Ukpong Ukpong is a Journalist and ardent believer in the Akwa Ibom Project. You can reach him via phone: 08061214258.
