Akwa Ibom To List Ibom Air On The Nigerian Capital Market

Akwa Ibom To List Ibom Air On The Nigerian Capital Market

Jayfred Ugo

Jayfred Ugo

The Governor of Akwa Ibom State, Udom Emmanuel, has disclosed that the Akwa Ibom State government will soon list the shares of its own Ibom Airlines in the Nigerian Capital Market.

The governor made this announcement on Tuesday in Uyo when the Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, visited him in the government house.

Emmanuel was represented by the Deputy Governor, Moses Ekpo, who informed the public that the floating of an airline, Ibom Air, by the state government, was part of the administration’s efforts to industrialise the state and create investment opportunities nationwide.

He also disclosed that the main strategy for the airline would be to float the shares of Ibom Air on the floor of the Nigerian Capital Market to allow Nigerians the opportunity to buy and own the shares of the company.

Read the statement issued to the Deputy Governor:

“Ibom Air was a strategic investment to help grow the economy of the state. We plan to expand the scope of the investment further, considering the tremendous success the airline has become within so short a time.

“We will soon float the share of the line on the Nigerian Capital Market for interested Nigerian investors to buy into the success of the company as co-owners with the State Government.

“However, we will give preference to indigenes of the state to exercise their right of first refusal in the acquisition of the shares of the airline.”

Happenings Media