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BoI Expands Presence in Akwa Ibom State to Foster Economic Growth, Entrepreneurship

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The Bank of Industry Limited (BoI) has taken significant steps to enhance its reach across Nigeria, with a particular focus on promoting economic growth, financial inclusion, and entrepreneurship development.

This commitment was underscored during the opening of its 32nd state office in Akwa Ibom State.

Olasupo Olusi, the Managing Director of BoI, expressed optimism about the bank’s expanded presence in Akwa Ibom, emphasizing the opportunity to amplify its impact on the state’s business landscape. He highlighted BoI’s ongoing support for businesses in Akwa Ibom, citing loans totaling over N1.92 billion provided to Micro, Small, and Medium Enterprises (MSMEs) projects in the state.

Olusi also lauded the alignment of BoI’s objectives with Governor Umo Eno’s economic blueprint, aimed at driving sustainable growth, job creation, and developmental impact in Akwa Ibom. He revealed plans for further collaboration with the state government to establish a dedicated matching fund partnership, aimed at supporting indigenous enterprises and empowering youth entrepreneurship.

Furthermore, Olusi urged the state government to address challenges related to collateral issuance and registration, emphasizing the importance of improving the ease of doing business for enterprises within the state.

Inaugurating the BoI branch office, Governor Umo Eno reiterated his administration’s commitment to supporting Small and Medium Scale Enterprises (SMEs) as a catalyst for economic development. He commended BoI’s role in transforming Nigeria’s industrial sector and providing essential financial support to SMEs and large enterprises.

Governor Eno emphasized the significance of SMEs as drivers of economic growth and praised BoI’s provision of low-interest, long-term loans to facilitate entrepreneurship and sustainable development. He highlighted the importance of partnership and access to funding in fostering enterprise growth and expressed confidence in BoI’s ability to support the state’s economic aspirations.

The establishment of the BoI branch in Akwa Ibom reflects a strategic collaboration between the public and private sectors to advance economic prosperity, job creation, and entrepreneurship development in the state.

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Governor Umo Eno Dissolves Akwa Ibom State Executive Council

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Governor Umo Eno of Akwa Ibom State has dissolved the State Executive Council with immediate effect, according to a statement from the Secretary to the State Government, Mr. Enobong Uwah.

The dissolution affects all commissioners and special advisers, who are instructed to hand over their duties to the permanent secretaries in their respective ministries. In ministries lacking permanent secretaries, the most senior director is to assume responsibility.

The governor expressed his gratitude to the outgoing council members for their service and contributions to the state’s development, wishing them success in their future endeavors.

Governor Eno inherited the executive council members from his predecessor, Mr. Udom Emmanuel, nearly 19 months ago.

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PDP Welcomes Founding Fathers Back to Party in Akwa Ibom State

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The Peoples Democratic Party (PDP) in Akwa Ibom State has celebrated the return of two prominent founding members, Chief Edet Isong and Prince Emmanuel Isong, to the party.

The Ward 2 branch of the PDP in Urue-Offong/Oruko formally welcomed the returnees at a grand ceremony in Uyo, marking their reintegration into the party.

Chief Edet Isong, a former Transition Chairman of Urue-Offong/Oruko, expressed enthusiasm about rejoining the PDP, describing it as “coming back home to contribute, support, and work for my family, the PDP.” He commended Governor Umo Eno’s leadership and the state’s developmental strides, citing projects like the Nsit Atai-Okobo Road as evidence of progress under the administration.

Prince Emmanuel Isong, a retired Director with the Independent National Electoral Commission (INEC), also returned to the PDP, bolstering the party’s presence in Ward 2 and the Urue-Offong/Oruko community.

The Deputy Ward Chairman, Mrs. Nkoyo Unanaonwi, expressed joy at the return of the two stalwarts, highlighting their invaluable contributions to the party and community. “Their return is a big win for our party,” she noted.

Goodwill messages flowed from stakeholders, including Hon. Victor Amah, Chief Daniel Afiakurue, and Comrade Clement Walter, who celebrated the reunion as a significant boost for the PDP.

Chief Isong, previously affiliated with the Young People’s Party (YPP) after leaving the All Progressives Congress (APC), stated his decision was influenced by the steadfast leadership in the PDP and Governor Umo Eno’s people-focused agenda.

The ceremony marked a pivotal moment for the PDP in Urue-Offong/Oruko, as members expressed optimism about the party’s future strengthened by the return of its founding fathers.

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Akwa Ibom PDP Declares Governor Umo Eno Sole Candidate for 2027 Governorship Election

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The Peoples Democratic Party (PDP) in Akwa Ibom State has endorsed Governor Umo Eno as its sole candidate for the 2027 governorship election, despite the general election being over two years away.

The decision, announced at the PDP Enlarged State Executive Council Meeting on 6 January 2025, was formalized in a communiqué signed by the party’s state chairperson, Aniekan Akpan. The party cited Governor Eno’s “outstanding performance” and “exemplary leadership” under his Arise Agenda as reasons for the endorsement.

“His vision has delivered significant dividends of democracy for Akwa Ibom State,” the communiqué stated.

This move effectively excludes other aspirants within the party, consolidating Governor Eno’s position as the PDP’s flagbearer in a state that has remained a PDP stronghold since 1999.

Governor Eno, who assumed office on 29 May 2023, dissolved his cabinet hours before visiting the PDP state secretariat in Uyo on Saturday.

With opposition parties like the All Progressives Congress currently weak in the state, Governor Eno appears well-positioned for a second term in 2027.

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