IBOM TROPICANA ENTERTAINMENT COMPLEX: WHY THE BUDGETARY ALLOCATION IS TIMELY

By Emmanuel Nicholas In 2007, a significant milestone was achieved under the leadership of Senator Godswill Akpabio when the Akwa Ibom State government entered a landmark agreement with Silverbird Entertainment. This collaboration sought to build a remarkable edifice, the Ibom Tropicana and Entertainment Center, incorporating a world class conference centre and a 17-storey five-star hotel. Originally estimated to cost N33 billion, the project’s financial structure was based on an exchange rate of 98 Naira per dollar at that time. The vision for the Tropicana complex was ambitious and multifaceted. It…

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