feel free to call 09056000005

Akwa Ibom Government Invests $10 Million in US Real Estate: A Promising Venture

The Akwa Ibom State Government has expanded its state-owned investment by investing $10 million into real estate in the United States of America.
Speaking at the ground-breaking ceremony of the Akwa Ibom house in Atlanta, Georgia, Governor Udom Emmanuel disclosed that the project is in partnership with the Akwa Ibom State Association of Nigeria, Atlanta chapter, and not a donation.
At the ceremony, he said, “The money given by the state government is a huge investment, which has acquired 23 percent equity stake, was not a donation,” while expressing hope that “the project will yield maximum benefits, and will be a veritable source of external financial inflows into the coffers of the State government.”
 
On his part, the national secretary of AKISAN, Michael Asuquo, who is also the project manager of the Akwa Ibom Housing Project said the project will earn a lot of revenue for all the investors as the location of the proposed real estate is “very lucrative and sited less than 15 minutes from the busiest airport in the world- the Hartsfield Jackson Airport, Atlanta.”
The governor was accompanied by the governor-elect, Pastor Umo Eno; member of the House of Representatives for Eket Federal Constituency, Patrick Ifon; Secretary to the State Government, Dr Emmanuel Ekuwem and others that made up his large entourage.
 
 
 
Source: punchng.com

Similar Topics

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

3 days ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

4 days ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

4 days ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

14 days ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

14 days ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

18 days ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

18 days ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

25 days ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

26 days ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

27 days ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

a month ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

a month ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

a month ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

a month ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

a month ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

a month ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

a month ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

a month ago Read More

Ahmed Dangiwa, minister of Housing and Urban Development, has said that unlocking Nigeria’s...

a month ago Read More

Experts in the built environment have emphasized that effective urban planning and infrastructure...

a month ago Read More