Ihedioha secures $50m investment for Imo State

By Tony Okechukwu

The Imo State Government on Tuesday said that it was attracting $50m investment to the State.

A statement issued by the Chief Press Secretary to the Governor, Chibuike Onyeukwu, said that the investment was coming through the Africa Export Import Bank.

The statement explained that the effort was part of the Governor’s plans to boost the economy of the State.

The statement read thus, “Governor Emeka Ihedioha’s engagement with the international development agencies to aid his administration in the task of rebuilding the State has again yielded the desired results".

"The Africa Export Import Bank is set to make Imo State a huge investment hub by setting up an Africa Quality Assurance Centre for the South-East and South-South geopolitical zones in the country".

"The AfrExim Bank is an export-import bank which strongly supports expansion, diversification, promotion and development of intra-and inter-African trade".

"The $50m (N18bn) Investment Centre under the quality assurance facility of the bank, will provide certification and inspection services for products for exports from Imo State and other parts of the country to the international market”.

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