Akwa Ibom budgets N26.91bn for hotel renovation, temporarily shuts down facility
Akwa Ibom has budgeted N26.91 billion for the renovation of Ibom Hotels and Golf Resort in two years, yet the government has yet to disclose the project’s full cost, expenditure and completion timeline. The post Akwa Ibom budgets N26.91bn for hotel renovation, temporarily shuts down facility appeared first on Premium Times Nigeria .
The Akwa Ibom State Government in Nigeria has allocated a total of N26.91 billion for the refurbishment, furnishing, and renovation of the Ibom Hotels and Golf Resort in Uyo over the next two years. The announcement of the hotel's temporary closure, effective from August 22, 2025, aims to complete ongoing renovation works and reposition the facility under a new management company, ALEPH Hospitality.
The hotel, built about 19 years ago, has been undergoing rehabilitation since March 2025. Despite the substantial budget provision, the state government has not disclosed the total cost of the rehabilitation, the amount already spent, the contractor handling the works, or the expected completion date. The 2025 and 2026 budget allocations for the project total N26.91 billion, with N16 billion allocated in 2025 and N10.91 billion in 2026.
The closure of the hotel coincides with the transition of management from the state-owned Ibom Hotels and Golf Resort to the international hospitality management company, ALEPH Hospitality. This change is expected to introduce global best practices, improve service standards, and enhance the commercial performance of the state's hospitality assets.
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