12/04/2026
AKWA IBOM'S ROAD TO ECONOMIC PROSPERITY: THE LETTER "E" IN THE ARISE AGENDA.
| By ANIETIE UMANA
Economy can easily be defined as "the structure or conditions of economic life in a country, area, or period"
This concluding series on the ABC of the letters of the ARISE AGENDA seeks to x-ray the economy vis-a-vis the ARISE AGENDA.
At the heart of the development philosophy of His Excellency the Governor, Pst. Umo Eno-PhD in Akwa Ibom State lies a bold and transformative pillar “E” (Economic/Industrial Advancement and Wealth Creation) in the ARISE Agenda.
This pillar is not merely an economic framework; it is a strategic blueprint for prosperity, designed to empower citizens, stimulate enterprise, industrialize the state, and ultimately create a strong socio-economic base that will shape political outcomes heading into the 2027 elections.
The “E” component seeks to restructure the economic architecture of Akwa Ibom State by:
Transitioning from a salary-dependent economy to a production and enterprise-driven economy, Creating wealth at the grassroots level, Positioning the state as a regional hub for investment, tourism, and agro-industrialization, Building a resilient middle class.
CORE POLICY FRAMEWORKS UNDER THE “E” includes :
MSME DEVELOPMENT & ENTREPRENEURSHIP POLICY which guarantees Access to finance through grants and soft support, Enterprise formalization and mentorship, Promotion of cooperative financing systems
AGRICULTURAL ECONOMY & RURAL WEALTH POLICY which has boosted Value chain development in cassava, rice, palm oil, fisheries, Mechanized farming systems, Rural economic hubs and farm estates
INDUSTRIALIZATION & INVESTMENT PROMOTION POLICY creates; Incentives for investors and manufacturers, Promotion of Public-Private Partnerships (PPP) which will lead to Reactivation of dormant state industries
TOURISM, HOSPITALITY & CREATIVE POLICY which brings about Monetization of culture, festivals, and heritage during the December Christmas Unplugged, Expansion of hospitality infrastructure, Branding the state as a tourism destination.
YOUTH EMPLOYMENT & DIGITAL ECONOMY POLICY; Skills-to-income programs, ICT training and outsourcing opportunities, Startup incubation and innovation hubs.
The Economic blueprint of his Excellency the Governor, has achieved much gains and has improved the Economy of the State. For example , internally Generated Revenue of the State has seen steady increments from ₦2 billion to ₦7 billion following the implementation of the Treasury Single Account (TSA) policy. This Courageous move by the Governor is part of efforts to strengthen the state’s financial independence and fund development projects.
The adoption of the Treasury Single Account (TSA) is credited with this rapid revenue growth, allowing better tracking and collection of funds.
The goal of the revenue increase is focused on funding the state's budget and supporting infrastructure development. Recent reports suggest robust economic performance and increased revenue.
This has led to significant strides in the development of the state's economy.
KEY PROJECTS & PROGRAMS UNDER THE “E” in the ARISE AGENDA;
MSME & ENTERPRISE EMPOWERMENT- ARISE MSME Grant Scheme, Direct financial grants to traders, artisans, and startups, Focus on women and youth-led businesses
ARISE Equipment Support Programme- Distribution of tools to small-scale entrepreneurs which has Boost productivity and reduces startup barriers.
Cooperative & Microfinance Strengthening Initiative- Expansion of cooperative societies to all the 369 Wards of the State that will leas to Grassroots wealth pooling and credit access
AGRICULTURE & AGRO-INDUSTRIAL DEVELOPMENT; ARISE Farm Programme, Provision of inputs, seedlings, and extension services, Support for large-scale and smallholder farmers. The establishment of the Ibom Model Farms will no doubt boost food production and scale up the revenue base of the state . Other Demonstration farms across local governments will complement the IBOM model farms.
Training, employment, and productivity hubs will aid Agro-Processing Facilities, Cassava processing plants, Rice mills, Palm oil refining facilities and Reduction in post-harvest losses.
Another sector capable of boosting the Economy of the State is through TOURISM, HOSPITALITY & CREATIVE INDUSTRY, under this sector, the State has been well positioned through the ARISE Tourism Development Programme , under this initiative, Upgrade of tourist sites and attractions, Promotion of cultural festivals, Hospitality Sector Expansion, Support for hotels and resorts, Capacity building for service providers, Creative Industry Growth, Film, music, arts, and fashion promotion are all targeted as drivers in this area of the State's Economy.
Youth play a critical role in development of our economy, and so His Excellency the Governor has initiated various youth programs al geared toward building the economy and to make the youth self reliant. There are various youth programs which includes; ARISE Youth Employment Scheme, Job creation across sectors, Digital Skills & ICT Empowerment, Training in tech, freelancing, and remote work, Startup & Innovation Support, Incubation hubs for tech entrepreneurs through the Youth friendly Centres across the State.
The Governor has done much in Investment Promotion & building the Business Climate in the State. This he has achieved through; Investment Summits, Attracting local and foreign investors, Ease of Doing Business Reforms, Faster approvals and reduced red tape, Diaspora Investment Drive and Engaging Akwa Ibom indigenes abroad..
There has been gains & Achievements Since the inauguration of his Excellency the Governor, Pst Umo Eno in 2023,
The “E” pillar has recorded measurable progress: Thousands of small businesses supported, Increased entrepreneurial activity across urban and rural areas,
Direct jobs through empowerment programs, Indirect jobs via agriculture, construction, and services
Boost in local food production, Expansion of agro-processing value chains, Reduction in rural poverty.
The Economy thrives on activities that generate income , as so one way of ensuring that is though the Budget, the
Governor signed the 2026 Akwa Ibom State Budget, titled "The People's Budget of Expansion and Growth," into law with a total of ₦1.584 trillion. The budget prioritizes infrastructure and economic growth, allocating 76% (₦1.168 trillion) to capital expenditure and 24% (₦416.6 billion) to recurrent expenses.
Key Details of the 2026 Budget:
Total Budget Size: ₦1.584 Trillion.
Capital Expenditure: ₦1.168 Trillion (approx. 76%).
Recurrent Expenditure: ₦416.6 Billion (approx. 24%).
Key Focus Areas: Infrastructure (roads and bridges), agriculture, education, and health.
Key Projects: Development of rural infrastructure, strengthening food security, and investment in human capital.
With the total implementation of the budget, the State will continue to consolidate and record significant gains in the economy which will lead to the general prosperity for her citizens.
The “E” in the ARISE Agenda represents the practical pathway to prosperity in Akwa Ibom State. It is a huge deliberate, structured, and inclusive approach to wealth creation that touches every segment of society—from farmers and traders to tech entrepreneurs and investors.
As implementation deepens, this pillar is poised to Entrench sustainable development, Build a resilient economy.
Ultimately, the success of this economic blueprint will determine not just the prosperity of the people, but also the enduring legacy of the administration.
We call on all well meaning citizens of Akwa IBOM state to support His Excellency the Governor for a Second term by voting for him during the Elections in February 2027.