The African Export-Import Bank (Afrexim Bank) is set to invest $1.5bn into various sectors in Imo state and the investment is intended to stimulate economic growth, enhance infrastructure, and foster job creation within the state.
The deal was secured recently when the Governor, Hope Uzodimma visited Cairo, Egypt, and this effort resulted in productive discussions with Afrexim Bank officials, paving the way for this investment.
During the meeting, Uzodimma and a delegation of key government representatives outlined Imo State’s development priorities and emphasized the investment potential in sectors such as infrastructure, agriculture, and energy.
The talks centered on utilizing Afrexim’s financial tools and expertise to drive sustainable economic progress in the state.
The governor during the meeting expressed confidence in attracting significant investments to Imo State, stating that, “Our objective is to expedite development in Imo State and create opportunities for our citizens. Collaborating with Afrexim Bank offers a unique chance to achieve our goals and unleash the state’s full potential.”
"We explored potential partnership terms aimed at catalyzing investments in our State's economy and I am thrilled to announce that our efforts have borne fruit, as we have made significant strides in advancing discussions for potential investments totaling up to USD 1.5 billion.
"This collaboration holds immense promise for the prosperity and growth of our beloved State as we continue to work diligently towards realizing our shared vision of a thriving and vibrant economy."
During Governor Uzodimma's first term, he attracted a lot of funds from development partners, taking advantage of his private sector background and desire to turn the economic fortunes of Imo State around.
As an avid advocate of government of inclusiveness and shared prosperity, Governor Uzodimma Uzodinma Secures $1.5bn From Afreximbank To Enhance Infrastructure In Imo State
The African Export-Import Bank (Afrexim Bank) is set to invest $1.5bn into various sectors in Imo state and the investment is intended to stimulate economic growth, enhance infrastructure, and foster job creation within the state.
The deal was secured recently when the Governor, Hope Uzodimma visited Cairo, Egypt, and this effort resulted in productive discussions with Afrexim Bank officials, paving the way for this investment.
During the meeting, Uzodimma and a delegation of key government representatives outlined Imo State’s development priorities and emphasized the investment potential in sectors such as infrastructure, agriculture, and energy.
The talks centered on utilizing Afrexim’s financial tools and expertise to drive sustainable economic progress in the state.
The governor during the meeting expressed confidence in attracting significant investments to Imo State, stating that, “Our objective is to expedite development in Imo State and create opportunities for our citizens. Collaborating with Afrexim Bank offers a unique chance to achieve our goals and unleash the state’s full potential.”
"We explored potential partnership terms aimed at catalyzing investments in our State's economy and I am thrilled to announce that our efforts have borne fruit, as we have made significant strides in advancing discussions for potential investments totaling up to USD 1.5 billion.
"This collaboration holds immense promise for the prosperity and growth of our beloved State as we continue to work diligently towards realizing our shared vision of a thriving and vibrant economy."
During Governor Uzodimma's first term, he attracted a lot of funds from development partners, taking advantage of his private sector background and desire to turn the economic fortunes of Imo State around.
As an avid advocate of government of inclusiveness and shared prosperity, Governor Uzodimma believes that government's recourse to Public Private Partnership (PPP) will quicken the pace of economic recovery of Imo State with the concomitant growth and development effects across sectors.
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