Akwa Ibom State Government has approved the signing of a new management agreement with a private firm, Icon Group, for the management of the state- owned Ibom Hotels and Golf Resort.
This was part of the resolutions at the State Executive Council Meeting presided over by the state governor, Udom Emmanuel, at the Executive Council Chambers, Government House, Uyo.
Briefing Government House Correspondents at the end of the meeting, the state commissioner for Information, Charles Udoh, said the arrangement is designed to re-position the Hotel and ensure effective and profitable management of the facility, in line with international best practices. He however stressed that the state government still retains full ownership of the Ibom Hotels and Golf Resort facility.
Udoh also announced that the state government has begun the process of producing a long term development plan for the state. According to him, the development plan is designed to enhance economic growth and development of the state in a seamless manner.
Government house correspondent Jane Uwa reports that the commissioner also announced that the state executive council also approved the re-capitalization of the state-owned Anchor Insurance Company by increasing the state shareholding in the Insurance Firm.
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