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Project Value and Projection

Chief S. N. Okeke with Governor T. A. OrjiABIIC will establish the foundation for the development of competitive domestic products for export and thus, launch Nigeria, particularly Abia State into the marginal field of global economy in the nearest future. ABIIC is a PPP project of Acroideation International Limited (ACI) and solely driven by the Private Sector .The entire project estimated value is $1,000,000,000.00 (One billion US Dollars) and potential annual revenue of $100, 000, 000(Hundred Million USD).

The Ongoing Abia International Industrial City (ABIIC) Project is expected to create about 200,000 jobs In the country, with, efficient infrastructures aimed at providing enabling and healthy environment for manufacturers/artisans at Aba. This project also seeks to harness and address the challenges of Africa Growth & Opportunity Act (AGOA), MDG’s, and take at least 10% of the global trade value in the foot ware, garments and leather goods Production Industries. The Project will also activate the dormant capacities of the Africa (Nigeria) economy especially in the informal sector which constitutes 60% of Nigeria's GDP.

The Abia International Industrial City (ABIIC) Project is a component of Real Alternative Vision Project (RAVP) of Acroideation International Limited, born out of the compelling need of the African Oriented Economic Development Strategy. It is also designed and structured to drive the productive segment of the informal sector of Nigeria into the rich marginal field of the global economy.

In Africa, Nigeria has the highest concentration of micro enterprise and artisans otherwise known as “Informal Sector Operators”. It is on the premise that “Nigeria has huge potentials in these sectors of the Economy” that the United States of America (USA) established the African Growth & Opportunity Act (AGOA Bill) to create for the African continent, a platform for the large markets. Since then, Nigeria has introduced only few competitive products to the global market – asides its oil.

In 2005, the Federal Government of Nigeria commissioned a research through Oxford University London and the Nigerian Unit of UNIDO to establish key sectors of the economy that have the capability to “break the curse of oil”.

The result of this research established three sectors of the economy as having the key to unlocking the economic fortunes of Africa’s most populous nation – Nigeria.

The three identified production industries are:

  • Petro-Chemicals;
  • Textile/Garments; and
  • Footwear and Leather Goods.

The implementation of the ABIIC project is therefore with the following objectives in mind:

a. To develop, set in motion and actualize an effective operational strategy for a world class industrial hub with job capacity of about 200,000 – and providing an enabling and healthy environment plus state of the art infrastructure for small and medium scale entrepreneurs/artisans, industries, financial institutions, the hospitality sector and various service providers beginning with Aba, Abia State as pilot project; thereby causing the re-industrialization of Nigeria, particularly restoration of Aba’s “real glory” as the “Japan of Africa”;

b. To address the challenges of the under utilization of “AGOA” in Nigeria;

c. To achieve at least 10% of the global trade value in the garments, textile, footwear and leather goods industries;

d. To complement Millennium Development Goal (MDG) efforts geared towards reducing unemployment; and

e. Reactivate the under utilization of the Nigerian market capacity in the informal sector.