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The African Export-Import Bank (Afrexim Bank) has agreed to invest $1.5bn into various sectors in Imo state and the investment is intended to stimulate economic growth, enhance infrastructure, and foster job creation within the state.
The investment was made possible by the successful negotiations that the Governor, Hope Uzodimma, had with Afrexim Bank representatives during her recent visit to Cairo, Egypt.
During the meeting, Uzodinma and a delegation of key government representatives outlined Imo State’s development priorities and emphasized the investment potential in sectors such as infrastructure, agriculture, and energy.
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The talks centered on utilizing Afrexim’s financial tools and expertise to drive sustainable economic progress in the state.
The governor during the meeting expressed confidence in attracting significant investments to Imo State, stating that, “Our objective is to expedite development in Imo State and create opportunities for our citizens. Collaborating with Afrexim Bank offers a unique chance to achieve our goals and unleash the state’s full potential.”
In another report, Enugu State Governor, Dr. Peter Mbah has asserted that only radical thinking and creative approach to governance, such as adopted by his administration, could stimulate rapid economic development in the 36 states of Nigeria, given the nation’s brand of presidential federalism, which excessively vests the nation’s revenues in the centre, thereby hindering bold social and economic development.
The governor made this assertion during a public lecture entitled “Enugu State, Nigeria: New Political Leadership; Bold Economic Vision – Spotlight on the Health and Education Strategies” which he delivered at the London School of Economics, LSE, Thursday evening.
Mbah pointed out that the exigencies of the times in Nigeria required bold and unusual solutions that come from thinking outside the box, hence his administration’s ambitious economic vision and the radical policies and programmes being executed in health, education, security, water, and road infrastructure.
