Akwa Ibom budgets N26.91bn for hotel renovation, temporarily shuts down facility
This insight into the budgetary provisions for the project follows the state government’s announcement of the hotel’s temporary closure from 22 August to allow for the completion of ongoing renovation works and the repositioning of the facility under a new management company.
Budget breakdown A check of Akwa Ibom State’s 2026 approved budget and 2025 revised budget shows that the state government allocated N10 billion in its 2025 budget for the “Refurbishing and Furnishing of Ibom Hotels and Golf Resort”.
Despite the billions of naira allocated to the project, the state government has not publicly disclosed the total cost of the rehabilitation, the amount already spent, the contractor handling the works or when the renovation is expected to be completed.
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