His Excellency, Distinguished Senator Hope Uzodimma has introduced an industrial policy in an effort to turn Imo State into an investment and industrial powerhouse that will boost the state’s economy.
In order to encourage economic growth and state development, the Industrial Policy, which acts as a road map for industrialization, was introduced at the Sam Mbakwe Exco, Government House.
The Shared Prosperity administration has once more taken a bold step in its ambition to firmly place Imo on the route to economic growth and prosperity, according to Governor Uzodimma, who made this statement in his speech.
The Industrial Policy, according to the Governor, is aimed to offer fresh, realistic and actionable insights into the State’s thinking and approach to industrialization.
He emphasized that the recently launched Hope Green Revolution initiative is a plan for economic stimulation that embraces the investment opportunities provided by climate change to encourage business and investment in the State.
He added that this has assured the State $10 billion in foreign direct investment.
He stated the State Government’s commitment to ensuring that the Industrial Policy works for everyone.
Mister Jean B. Bakole, the Regional Director of UNIDO and representative to the Economic Community of West African States (ECOWAS), explained earlier that the Industrial Policy is special because it is intended to advance the industrialization of Imo State through important, already-existing, and newly-emerging subsectors that have been identified as economic catalysts that will support the State’s development plan for creating jobs and advancing shared prosperity.
He asserts that the State’s current important industrialisation sub-sectors are agro-industry and agribusiness, oil and gas, minerals processing, tourism, and hospitality, while the State’s emerging key sub-sectors include the digital economy, fabrication, and renewable energy.
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