IMO: Lawmakers Commends Governor Uzodinma Over $1.5 Billion lnvestment From Afrexim Bank For Infrastructure Development Of the State.
Emmanuel lkpeama.
Impressed with the continued patriotic commitment to make Imo State the Economic Hub of the Southeast in Nigeria and for stability, the Imo State House Of Assembly has commended the State Governor, His Excellency Distinguished Senator Hope Uzodimma over his latest move to inject $1.5 Billion infrastructure investment from African Export-Import Bank (Afrexim Bank).
The Member Representing Ngor-Okpala State Constituency, Rt Hon Prince Obinna Egu, PhD,in a motion at the floor of the house,described the action of Governor Uzodimma as a move aimed to spur economic growth, infrastructure development and job creation in the State,and by extension, the entire Southeast.
Hon Obinna Egu, who described Governor Uzodimma as a great thinker who thinks outside the box, stated that since Imo State has the highest gas deposit in the country, there would be industrial clusters, with the current initiative, and electricity challenges will be a thing of the past.
According to him,the Governor’s goal is to accelerate the pace of development in Imo State and create opportunities for Imo people and its residents, hence partnering with Afrexim Bank which unveils a unique opportunity to achieve this goal that will unlock the full economic potential of the State” he stated.
Hon Egu, who is the House Committee Chairman On Science And Technology went further to explain the benefits of the collaboration between the State Governor and Afrexim Bank, while expressing joy that his Constituency would be one of the beneficiaries, as the Sam Mbakwe Cargo Airport would be upgraded and that the Internally Generated Revenue base of the State would also experience an increase.
“The collaboration holds immense promise for the prosperity and geometric growth of Imo State, economically, socially and competitively. This is a Win-win situation for Ndimo. We must also note that in the governor’s first term, he attracted a lot of investment from development partners, taking advantage of his background in the private sector.”
“We saw his commendable achievements in all sectors of the economy,during the inauguration for his second term, just two months ago, His Excellency assured us that he would intensify efforts to explore other avenues that would make the abundant human and natural resources in the state exploitable. Two months later, we have seen the ongoing construction of flyover in the State capital, the reconstruction of Imo International Conference Center, IICC, and the dredging of Urashi river into the Atlantic ocean. It is therefore evident that Governor Uzodimma’s second term administration is focussing more on the commitment to the vision of transforming the state into a beacon of hope and changing the economic landscape for good”.Hon Egu Submitted.
In their various submissions,the lawmakers agreed that Governor Uzodimma, having put the state on the global map noted that if part of the investment coming from Afrexim Bank,is channeled into electricity generation,it would make the State to be in a position to sell to other States and for export.
The lawmakers expressed happiness that His Excellency has shown serious commitment to transform the state’s vast arable land,gas reserves and many other natural resources into a multi-revenue streams and employment opportunities for some of the unemployed population.
