The Akwa Ibom state government has expressed satisfaction with the level of work ongoing at the car assembling/manufacturing plant located at Ikot Ukap Itam in Itu local government area.
The government also expressed hope that when fully operational, the automobile plant being constructed by MIMSHAC/ Merkavim Transportation Technologies, will create more employment opportunities for Akwa Ibom people.
Akan Okon, commissioner of economic development and Ibom Deep Seaport, who led a high powered technical team to the site on Friday, disclosed that the facility is expected to resume operations by the end of the year 2021.
“This project was slowed down as a result of the fluctuations in exchange rates, but I am very happy that not withstanding the challenges posed by the economy, the team has been able to come back,” he said.
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“All the materials for the factory are on ground. From what the company is telling us, the projection is that by the end of this year, they would have started producing vehicles here. We’re quite happy that this will add to the employment opportunities that are available to Akwa Ibom people and also and also help the Government in terms of IGR.”
Okon lauded Udom Emmanuel, the governor, for the support given the construction company and for his relentless efforts in bringing more industrialisation to the state.
“I am very impressed and I want to thank the Governor for all the support he has given MIMSHAC to enable get to this stage. As you can see, they’ll require a dedicated electricity line and that is being provided by the government”, he added.
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On his part, the executive chairman of Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, who commended the Akwa Ibom State government for venturing into the automobile industry, called on other state governments to diversify their economies, in order to boost their internally generated revenue.
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