Akwa Ibom State may be set for another major industrial investment as Wetblend Holdings has unveiled plans to establish a $15 billion ammonium sulphate and calcium nitrate manufacturing plant within the Liberty Oil and Gas Free Zone.
The proposed facility is expected to leverage the state’s natural gas resources and strengthen Akwa Ibom’s emerging profile as a petrochemical and fertiliser production hub in Africa.
The project is also expected to boost exports, deepen industrialisation and create employment opportunities for residents.
The investment plan was disclosed during a strategic meeting between the Managing Director of Wetblend Holdings, Dr. Imo Justin Obot, and the Managing Director and Chief Executive Officer of Akwa Ibom Investment Corporation, AKICORP, Mr. Imo-Abasi Jacob, in Uyo on Thursday, 7 May 2026.
Also present at the meeting was the Technical Assistant to the Managing Director and Chief Executive Officer of the Oil & Gas Free Zones Authority – OGFZA on Special Economic Zones Development, Obong Iniobong Jackson.
According to the investors, the project has already secured a proposed location within the free zone and is designed to produce fertilisers for domestic use and export markets.
The facility is further expected to deepen gas utilisation and support Nigeria’s agricultural value chain through large-scale fertiliser production.
Wetblend Holdings said its operations cut across agriculture, logistics, manufacturing, infrastructure and trade.
The company noted that it has contributed to fertiliser distribution and agricultural support initiatives in partnership with international development organisations, including the Food and Agriculture Organization.
It said the proposed investment aligns with ongoing efforts to promote food security, strengthen local economies and create sustainable industrial growth through private sector participation.
Speaking during the engagement, Mr. Jacob reaffirmed the Akwa Ibom State Government’s commitment to attracting high-impact investments capable of accelerating economic diversification and industrial expansion.
He said the investment-friendly environment created by the administration of Governor Umo Eno, alongside improving security and infrastructure, had continued to position Akwa Ibom as a preferred destination for large-scale industrial projects.
The AKICORP chief also assured prospective investors of institutional support in facilitating seamless investment processes within the Liberty Oil and Gas Free Zone.
He said the free zone had continued to attract interest from companies seeking to benefit from Akwa Ibom’s strategic coastal location and expanding gas infrastructure.
The meeting formed part of ongoing efforts by AKICORP to deepen private sector investment and drive industrial growth across the state.
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