Reviving inter-state transportation in Nigeria
Akwa Ibom Transport Company Limited (AKTC) was established in 2001. In 2004, Akwa Ibom Transport Company Limited due to its dwindling fortunes and the near collapse entered into partnership with Nsik Motors Limited, Nsik Motors Limited within a short time revived and regenerated the erstwhile and nostalgic Akwa Ibom Transport Company Limited ’s glory and standard.
In 2005, the then state government decided to lease out Akwa Ibom Transport Company to a private investor, Nsik Motors Limited amongst others bided and won the lease and has since maintained the lease till date, as a result of its excellent performance and high service delivery, the lessor (Akwa Ibom State Government) is duly appreciative of and therefore, approved its continuity of the lease."
So far, Nsik Motors Limited due to the acquisition of over 1000 units of brand new vehicles, including a courier company (Nsik Express Delivery Company Limited). The then Akwa Ibom Transport Company Limited terminus became too small for her operations, so in January, 2018, Nsik Motors Limited acquired a land from the state government in Uyo the capital city of Akwa Ibom State and built an ultra-modern terminus together with a vehicle assembling plant.
This brought to an end the first lease of Akwa Ibom Transport Company Limited to Nsik Motors Limited and gave rise to a new lease of just the goodwill (The Name and Insignia). Akwa Ibom Transport Company Limited has terminus in 17 states of the federation including the Federal Capital Territory. AKTC Limited is working to expand its terminus to all the states in Nigeria.