Gov. Ihedioha vows to grow Imo economy

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Partners CBN, AfrExim Bank
Seeks local, foreign investments

Governor of Imo State, His Excellency Rt Hon. Emeka Ihedioha, has said that his administration will stop at nothing in its efforts to grow the state’s economy.

Gov. Ihedioha while addressing citizens of the state at the first enlarged stakeholders meeting called at his instance on Thursday, July 18, 2019, in Owerri, the state capital, said his government was adopting innovative approaches to grow the state economy.

He stated that the state will maximize resources from intervention funds of the Central Bank of Nigeria (CBN), Bank of Industry (BOI) and Development Bank of Nigeria (DBN) to stimulate businesses and create employment for her citizens.

“Even with the serious resource constraints we face, we have decided to adopt innovative approaches to reflate and grow the economy”, said the governor.

“This will include to maximize accessing of support from development partners particularly to fund health, water, sanitation, and education.

“Maximize accessing of resources from intervention funds of the Central Bank of Nigeria (CBN), Bank of Industry (BOI) and Development Bank of Nigeria (DBN) to stimulate small and medium-scale enterprises and create employment.

“Maximize attraction of private sector investment (Local Direct Investment and Foreign Direct Investment) to stimulate economic growth, employment and poverty reduction while expanding the IGR base through relevant taxes and fees”

The governor who said that he was recently in Russia to partner with AfrExim Bank, noted that such initiatives will “help to relax the fiscal pressure and release prosperity” in the state.

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