Anambra’s internally generated revenue has increased from N10 billion in 2014 to N26 billion in 2019 representing a 152 per cent increase, says Vice President Yemi Osinbajo.

Mr Osinbajo disclosed this as he inaugurated the 2×60 Mega Volt Ampere (MVA) 132/33 Kilo Volt (KV) Awka Substation in Anambra, built by the Niger Delta Power Holding Company Limited (NDPHC) to improve power supply to the state.

A statement by the NDPHC said Mr Osinbajo, who is also the chairman of the NDPHC board, inaugurated the project on Tuesday.

“The economy of Nigeria largely depends on efforts made at the sub-national level, that’s the state level. It is the aggregation of the work that is done in the states that leads to the great economy that we hope for and are working for in this nation of ours,” a statement by the NDPHC quoted the vice president to have said.

He added, “Anambra state revenue has increased from about N10.4 billion in 2014 to N26.37 billion as of 2019, and this is another 152 per cent increase in the state’s internally generated revenue (IGR).”

Mr Osinbajo noted that enabling environment and ease of doing business implemented in Anambra made the state one of the fastest-growing manufacturing hubs in Nigeria.

He explained that for Nigeria’s economy to grow at the required rate, small businesses need the support of federal and state governments.

The new substation will deliver about 100 Mega Watts (MW) of power to the Anambra capital and its environs. Nnewi houses key local manufacturing companies, including Innoson Vehicles Manufacturing, Tommy Tommy Industries, and Chikason Group.

Mr Osinbajo emphasised that the economy would develop through small businesses powered by states and assisted by the federal government.

He pointed out that the state’s industrial growth happened despite the power supply challenge, adding that the new substation is a direct measure by the federal government to address the challenge.

“Since the technical commissioning of the substation in November 2020, this new substation has been in service providing 33KV evacuation capacity for at least 100MW of power through its two units of 60MVA, a total of 120MVA,” Mr Osinbajo explained.

https://gazettengr.com/anambras-revenue-increased-by-152-from-2014-to-2019-osinbajo/

Governor obiano took from Peter Obi in 2014 and increased Anambra IGR from 10 billion he met it in 2014 to over 26 billion. He will end as Anambra best governor so far.

lalasticlala, mynd4

And so

My lovely undisputed state

South east is growing
Obiano is trying in Anambra state

I did AFIA OLU or NEW YAM FESTIVAL CEREMONY of ndị Nnewi



https://www.youtube.com/watch?v=v90M4HbA_LE

CUBANAEZE:
South east is grow
Obiano is trying in Anambra state

south east is what?

lalasticlala, mynd44, seun

Kudos to the state governor and the federal government for coming up with smart and intelligent initiative to further empower and strengthen the MSME sector.

TheRareGem1:
Kudos to the state governor and the federal government for coming up with smart and intelligent initiative to further empower and strengthen the MSME sector.

WHY ARE YOU SO MUCH IN LOVE WITH THIS TERRORIST REGIME


DON’T TELL ME ITS BECAUSE YOU ARE A MUSLIM