Business
FG’s Economic Reforms Elevate Imo State as a New Investment Hotspot — Wale Edun
Joel Ajayi
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said that the Federal Government’s economic reforms are creating stronger opportunities for private-sector growth nationwide
Speaking on Thursday at the Imo State Economic Summit 2025, HM Edun commended Governor Hope Uzodimma for upgrades to roads and plans for 24-hour electricity, signalling that Imo is positioning itself as an investment-ready state. He noted that recent federal power-sector liberalisation now enables states and private partners to generate and distribute electricity, reducing constraints for industry and technology firms.
The Minister highlighted opportunities in light manufacturing, agro-processing, pharmaceuticals, packaging, and building materials, stressing Imo’s strategic access to major regional markets.
On the national outlook, he reported that Nigeria’s economy is growing at about 4 percent – double the previous rate — with industry and agriculture leading the expansion. Fiscal reforms, he added, have doubled allocations to states, broadening local markets and creating more room for private capital. Inflation continues to decline, boosting household purchasing power and consumer demand.
HM Edun reaffirmed the government’s commitment to inclusive growth through targeted social support and announced a forthcoming national mass savings plan to mobilise investment from citizens and businesses.
He stated that Nigeria is shifting *from latent potential to rising opportunity,* calling for stronger partnerships because Federal, State and private-sector actors to accelerate sustainable growth.
As Nigeria’s economy continues to grow, driven by industry and agriculture, the government remains committed to fostering an enabling environment for businesses to thrive. With Imo State’s strategic location, infrastructure upgrades, and investment-friendly policies, the state is poised to become a hub for economic activity in the region. The Federal Government invites investors to explore the opportunities in Imo State and across Nigeria, as we work together to build a more prosperous future.
Business
Hearty Cheers to Governor Hope Uzodimma for Delivering a Successful First Imo State Economic & Investment Summit
Cyril Ogar
Former member of the House of Representatives and current Governing Council member of the African Aviation and Aerospace University, Abuja, Hon. Chidi Nwogu, has congratulated the Executive Governor of Imo State, His Excellency Senator Hope Uzodimma (Onwa) GCON, and the entire people of Imo State on the successful hosting of the maiden Imo State Economic and Investment Summit — one of the most significant and high-profile events in the history of the state.
In a statement personally signed by him, Hon. Nwogu described the summit, themed “Unlocking Imo Economic Potentials: Partnership for Investment,” as a landmark achievement made possible through exceptional planning, coordination, and execution. He noted that the world-class event attracted an enviable lineup of distinguished participants from across Nigeria, Africa, and beyond.
The summit featured the Vice President of Nigeria, His Excellency Senator Kashim Shettima, who represented the President, alongside an impressive delegation of governors, senators, ministers, and notable traditional and spiritual leaders from across the country.
Also in attendance were several internationally acclaimed personalities, including the President of Liberia and keynote speaker, His Excellency Joseph Boakai; former President of Afreximbank, Prof. Benedict Okey Oramah; former British Prime Minister, Mr. Boris Johnson; former United Nations Secretary-General, Ban Ki-moon; and former President of Mauritius, Her Excellency Dr. Ameenah Gurib-Fakim.
The summit further attracted top-tier investors and captains of industry, led by Africa’s richest man and Chairman of the Dangote Group, Alhaji Aliko Dangote, as well as numerous CEOs from the banking and financial sector who expressed strong interest in supporting Imo State’s emerging investment opportunities.
Hon. Nwogu expressed confidence that the “positive domino effect” of the summit would soon become evident across Imo State as its far-reaching developmental outcomes begin to unfold.
He prayed for God’s continued guidance for Governor Uzodimma, asking that the Almighty grant him the wisdom and strength needed to translate the vision and outcomes of the summit into tangible growth and prosperity for the state.
He concluded with prayers for the peace and progress of both Imo State and the Federal Republic of Nigeria.
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