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[size=15pt]IMO GOVT TO PARTNER WITH PRIVATE INVESTORS FOR ECONOMIC DEVELOPMENT[/size]

Posted: 22-Nov-2011 [12:54:50] by Online Unit 


His Excellency,Owelle Rochas OkorochaDetermined to revive the economy of Imo State and make life easier for the citizens, the Governor, Owelle Rochas Okorocha has announced the setting up of a committee that will facilitate joint businesses between government and private partners as well actualize the establishment of International Electronics Electrical Auto-parts Market (INTEMARK) at Naze, Owerri North LGA.

Speaking during a business meeting with a cross section of entrepreneurs
and businessmen of Imo State origin resident in Lagos,[b] Governor Okorocha explained that government Ministries, Departments and Agencies are currently strengthened to function independently as part of measures to commercialize the activity of government, adding that the abandoned plots of land at Onitsha road Industrial Lay-Out is to be re-allocated to any investor who is ready to establish an industry there-in within 3 month of being issued with a certificate of occupancy.[/b]

During the meeting which was held at Lagoon Restaurant, Victoria Island, the governor affirmed[b] that his administration has embarked on a massiveinfrastructural development[/b] to create the enabling environment that will attract both foreign and local investment into the State.

Speaking further at the occasion, the governor enjoined wealthy Imo indigenes and entrepreneurs to consider establishing their businesses in Imo State as government has provided the enabling environment that will guarantee safety and profitability. Said he, “On assumption of office, we met a State that lacks the basic infrastructure needed to drive economic activities but as I am speaking, we have commenced total reconstruction of roads in Owerri, Orlu and Okigwe towns and revival of all abandoned projects initiated by late Sam Mbakwe, all in an effort to make Imo attractive for investment opportunities.

According to him, his administration has resolved to partner with Imo indigenes under Public Private Partnership (PPP) in its drive to industrialize Imo State and create more jobs for the teeming unemployedyouths. In his words, “The doors of this administration are open for partnership in all aspects. We are ready to give support to whoever that has good business concept that will contribute in the rapid development of
the State because we are in a hurry to develop Imo State as well as
make it the economic hub of the South-East and South-South States”.

Earlier in a speech, the Chairman of the occasion, Chief Damian Odenigbo
re-affirmed that Imo indigenes in electrical and electronic business
have shown enough willingness to build an international market in
Naze.

He requested for government to build a lighter terminal in Oguta to
boost economic activities in the area.

Also present at the meeting was the Imo State Deputy Governor, Sir Jude Agbaso and a host of others.

http://www.imostate.gov.ng/news/914