HomePoliticsImo Assembly Cheers Gov. Uzodinma For $1.5B Investment

Imo Assembly Cheers Gov. Uzodinma For $1.5B Investment

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The Imo House of Assembly showered Governor Hope Uzodinma with praise on Tuesday for his remarkable feat of attracting $1.5 billion in investments through collaboration with the African Export and Import Bank (Afreximbank).

During a plenary session, Obinna Egu (APC-Ngor Okpala) brought forward a motion, informing the House that the governor had concluded talks with the bank regarding prospective investments totaling $1.5 billion.

Additionally, Mr. Egu emphasized that the investment was intended to expedite economic expansion, bolster infrastructural development, and foster job opportunities within both the state and the broader South-East region.

As per his remarks, the collaborating bank will present a distinctive opportunity, unlocking the complete economic capacity of Imo State.

Francis Uzoma (APC Ohaji Egbema) supported the motion, saying the investment would attract businesses to Imo.

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“It will also improve the quality of lives of people through job brought to the state,’’ he said.

Supporting the motion, Kanayo Onyemaechi (APC-Owerri West), the majority leader, hailed Governor Uzodimma’s accomplishment as commendable, emphasizing the transformative impact these investments would have on various sectors and the substantial boost they would provide to internally generated revenue.

The assemble collectively recognized the collaborative efforts that led to this landmark achievement and expressed optimism about the future prospects of Imo State’s economic landscape.

For Uzoma, the creation of jobs through this avenue was the most interesting opportunity it has got to provided considering the rate of unemployment in the state and Nigeria at larger.

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