The MD/CEO of AKICORP, Mr Imo-Abasi Jacob.
By Anietie Akpan
Akwa Ibom Investment Corporation (AKICORP) will soon roll out a strategic action plan to boost the state’s investment drive.
Already at the just concluded first ever management retreat of the corporation at the Ibom Led Pent House, Uyo, at weekend, every member of management presented strategic action plan for their respective directorates, departments as well as units.
It is expected that the action plan as presented by each of the directorates, departments and units will constitute the fulcrum of AKICORP strategic plan to reposition the state’s investment drive.
In his presentation, the Executive Director, Agricultural Investment, Pastor Godwin Ukwat, who functioned as the Coordinator of the retreat, said that the retreat aimed to facilitate the development of a realistic and achievable work plan for 2025.
He advised that when creating a 12-month budget, it’s essential to break it down into time-based activities and measurable successes.
In view of this, the Management staff of AKICORP have been urged to evolve beyond their traditional departmental roles and become delivery experts, driving results and excellence in their new capacity.
Speaking at the retreat, the Managing Director and Chief Executive Officer (MD/CEO) of the Corporation, Mr Imo-Abasi Jacob tasked the management staff to focus on delivering results and driving excellence, rather than just overseeing the activities of their respective departments.
He emphasized that, “to reposition the organization and fulfill its mandate, it was crucial to identify effective strategies”, which, he noted , “could only be achieved through strategic planning sessions, hence, the need for the retreat”.
He said that the organization “must now prioritize efficiency, adhering to due process, respecting timeline and embracing global best practices to achieve its set objectives”.
The AKICORP Chief Executive who presented the first paper, ‘Diagnostic Review of Akwa Ibom Investment Corporation,’ took the managers on a nostalgic journey, retracing the corporation’s 26-year history from its inception to the present day.
He further emphasized that the Umo Eno-led administration is dedicated to reviving the corporation’s former glory and as evidence of this commitment, he cited the return of all State-Owned Enterprises (SOEs) to the corporation’s purview.
Given this development, he asserted that to ensure effective oversight, the corporation must assume full custodial responsibility for all SOEs by March 2025.
Other resource persons were, Mr Inyang Inyang of Noble House Consulting , Elder Edem Okon of the Akwa Ibom State Bureau of Public Procurement and Udeme Etukeyen.