While Delta earned N18.29 billion and Edo N11.07 billion in investment income in 2025, Akwa Ibom managed just N249.23 million, less than 2% of Delta’s proceeds despite its large portfolio of state-owned investments, including Ibom Air.
Akwa Ibom State recorded the lowest investment income among the five South-south states that published their 2025 audited financial statements, despite its extensive portfolio of quoted and unquoted investments, as revealed by PREMIUM TIMES.
The state recorded N249.23 million as investment income in 2025, representing only 49.8 per cent of the N500 million it had budgeted to earn from its investments.
Investment income is revenue earned by government from its investments, including dividends, interest and returns from its stakes in companies and other assets. They are usually reported as part of internally generated revenue (IGR), meaning the weak performance contributed to the state’s overall revenue mobilisation during the year.
The figure for Akwa Ibom is far below the investment income reported by other South-south states.
Investment income is revenue earned by government from its investments, including dividends, interest and returns from its stakes in companies and other assets. They are usually reported as part of internally generated revenue (IGR), meaning the weak performance contributed to the state’s overall revenue mobilisation during the year.
Delta State recorded N18.29 billion, Edo N11.07 billion, Cross River N804.96 million and Bayelsa N651.79 million in investment income during the same period, according to their respective audited financial statements. Rivers State did not publish its 2025 audited financial statements.
The figures raise questions about the financial returns being generated from Akwa Ibom’s extensive investment portfolio and why the state was able to realise only about half of its investment income target in 2025.
The state has, over the years, invested in several companies and public enterprises, including Ibom Air, one of Nigeria’s prominent state-owned commercial ventures.
