Business

Uzodimma, Oramah Meet, Explore Opportunities For $1.5bn Investments In Imo State

Governor Hope Uzodimma of Imo State has met with the President of the Africa Export Import Bank (Afreximbank), Prof. Benedict Oramah in Cairo, Egypt, where the duo discussed in detail the investment potentials of Imo State.

During his inauguration for a second term in office early this year, Uzodimma had assured that he would intensify efforts at exploring avenues that would make the abundant human and natural resources in Imo State exploitable.

A statement from the Chief Press Secretary and Media Adviser to the Governor, Oguwike Nwachuku, stated that the Governor was passionate about turning the huge arable land, gas deposits and other abundant natural resources in Imo State into sources of revenue generation for the State and employment opportunities for the unemployed youth demography.

“At the Cairo meeting with Oramah during the week, Governor Uzodimma and his host explored, among other things, the huge investment potentials that is Imo State for a win-win situation.

“An excited Governor Uzodimma is not only confident that the meeting was fruitful and will yield the desired results, he also expressed joy that Imo State would be better off based on the matters under discussion with Oramah,” the statement added.

Taking to his social media platform on Friday, Uzodimma wrote: “I am delighted to share an exciting development as I seized an opportunity in Cairo to meet with our esteemed brother, Prof. Benedict Okey Oramah, President of Afreximbank.

“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 $ 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.”

Oluchi Chibuzor

Follow us on:

AriseNews

Recent Posts

Trump Nominates Billion Dollar Buyer Host Tilman Fertitta as US Ambassador to Italy

Donald Trump has selected businessman Tilman Fertitta, owner of the Houston Rockets, to serve as…

40 minutes ago

Ten Family Members Die in Private Plane Crash in Brazil

A plane crash in Gramado, Brazil, killed ten family members, including businessman Luiz Claudio Galeazzi,…

51 minutes ago

Man Arrested in New York for Setting Woman on Fire in Brooklyn Subway

A suspect has been apprehended in Brooklyn subway after woman was set ablaze and died…

54 minutes ago

Bridge Collapse In Brazil Kills One, Spills Sulfuric Acid Into River

A Brazilian bridge collapse has killed one person and spilled sulfuric acid into the Tocantins…

60 minutes ago

Anambra Police Confirm 22 dead in Stampede as Governor Soludo Mandates Safety Protocols for Future Palliative Distributions

Governor Soludo has expressed grief over Okija stampede, urges safety-first approach for future food distribution…

1 hour ago

Slovak PM Robert Fico Surprises Putin in Moscow, Discusses Gas Supplies and Ukraine Conflict

Slovak PM Robert Fico made a surprise visit to Moscow for gas talks with Putin,…

1 hour ago