Imo Assembly hails Uzodimma for securing $1.5bn investment

The Imo House of Assembly commended Gov. Hope Uzodimma for securing a 1.5 billion dollar investment for the state through the African Export and Import Bank (AFREXIM).

Mr. Obinna Egu (APC-Ngor Okpala), in a motion sponsored by a plenary, told the House thatthe governor had finalised discussions for potential investments of 1.5 billion dollars with the AFREXIM Bank.

Egu further said that the investment was aimed at accelerating economic growth, infrastructural development, and job creation in the state and the South East.

According to him, partnering with AFREXIM Bank will provide a unique opportunity and unlock the full economic potential of the state.

He urged the House to commend the effort of the governor towards realising the state’s long-term developmental aspirations.

Supporting the motion, Mr. Francis Uzoma (APC Ohaji Egbema) said the investment would pave the way for businesses to influx into the state.

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

Contributing, the Majority Leader of the House, Mr. Kanayo Onyemaechi (APC-Owerri West), described the governor’s stride as laudable, adding that the effort would improve sectoral development and increase internally generated revenue.

After all contributions, the Speaker, Mr. Chike Olemgbe (APC-Ihitte Uboma), ruled in favour of the motion that the House commend the governor for securing the investment.

He therefore directed the clerk, Mrs. Chinelo Emeghara, to convey the House resolutions to the governor.