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Governor Hope Uzodimma of Imo State has declared that the state is ready for local and foreign investments, citing major improvements in infrastructure, security, power supply and ease of doing business.
Speaking at the third edition of Invest Lagos 3.0, themed “Lagos: The Business Gateway to Africa,” held at Eko Hotel and Suites, Victoria Island, Lagos, on Monday, Uzodimma said Imo had repositioned itself as one of Nigeria’s emerging investment destinations.
The governor said his administration abandoned the old model of government-driven enterprises and embraced private sector-led growth by creating an enabling environment for businesses to thrive.
“When I speak of IMO, I often say it means Investment Meets Opportunities (IMO). We have repositioned government as an enabler rather than an operator of business, creating the right environment for private-sector growth,” he said.
Uzodimma highlighted key reforms undertaken since 2020, including road construction, electricity sector reforms, improved security, digital land administration and investment-friendly policies.
According to him, Imo now generates, transmits and distributes electricity through a Public-Private Partnership arrangement, while its Energy Free Trade Zone is attracting investments in petrochemicals, fertiliser production, gas processing and other energy-related industries.
He said the state had also introduced incentives for investors, including tax reforms and streamlined business processes, while leveraging its vast deposits of natural gas and other mineral resources to drive industrialisation and economic growth.
The governor further disclosed that the African Development Bank is establishing a Quality Assurance Centre in the state to support agricultural exports, adding that ongoing efforts to develop the Orashi River corridor would boost logistics, transportation and access to regional markets.
He added that the state had digitised its land administration system, harmonised taxes and strengthened security, making it easier and safer for businesses to operate.
The governor also pointed to ongoing investments in the state’s aviation, technology and hospitality sectors, including the upgrade of the Sam Mbakwe International Cargo Airport, the development of Imo Digital City and the planned commencement of operations by Hilton Hotels in Owerri.
Uzodimma said over 65,000 youths had been trained in digital skills through the Imo Digital City initiative, with many already employed or operating technology-driven businesses, describing the programme as part of efforts to prepare the state’s workforce for a technology-driven economy.
