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Senator Ifeanyi Ubah, who represents Anambra South senatorial zone, has highlighted Anambra State’s capacity to become Nigeria’s economic capital, asserting that effective leadership is the key to actualizing this potential.
In his remarks to reporters in Nnewi, Senator Ifeanyi Ubah, an aspirant for the 2025 Anambra gubernatorial election on the All Progressives Congress (APC) platform, expressed dismay over the detrimental impact of poor governance on the state.
He lamented that despite boasting immense potential, Anambra has been held back from emerging as Nigeria’s premier economy due to ineffective leadership.
He stressed the necessity for a pragmatic approach to economic growth in Anambra, arguing that individuals without tangible investments have no place aspiring to lead the state, as they would lack the requisite understanding of developmental measures.
He said: ‘I have the capacity to expand the economy of Anambra State by motivating the people to earn higher incomes and live well.’
Expanding the economic base of the state will be one of the major areas I would pay attention to, if given the mandate to govern the state.
Read also: Anambra 2025: Security Will Be Prioritized Under Me – Ubah
‘The worrisome economic state of affairs in Anambra State shows that our great fortress and walls of wealth have been broken, and our government will be positioned to holistically interrogate the underlying issues and find a permanent fix.’
‘Comparative advantage is simply an economy’s ability to focus on the production of goods and services at a lower opportunity cost than one’s competitors.’
“Anambra is reputed for its prowess in commerce, technology, education, sports and many more, which are areas the state has comparative advantage.
‘Any economic policy developed for Anambra State that does not derive from this trajectory is a misplacement of priorities and out of place.’
‘That is why emphasis will be on digital economy; fiscal responsibility that will provide 100,000 jobs per annum and firm anchor on trade facilitation with incentives to Private Public Partnership to ensure ease of doing business.’
‘We have to follow these strategic action plans to connect Anambra State where the world is at the moment and get the state ready to advance with the rest of the world to become an advanced economy.’
‘Anambra needs an industrial development strategy that can provide a robust roadmap for balanced-growth-oriented industrialization.’
‘The state’s Gross Domestic Product (GDP) needs to be doubled with the intention of actualizing a diversified and competitive economy through the implementation of integrated and inclusive industrial development policies.’
‘It is doable considering the level of potentials harboured by the state, both at home and in diaspora.’
In his view, the state’s industrialization roadmap should be founded on three core economic pillars: bolstering the manufacturing sector, fostering the growth of agro-allied ventures, and attracting investments in the oil and gas sector.
