The Governor of Imo State, Hope Uzodimma, has revealed an ongoing discussion with the the President of the Africa Export Import Bank, Prof. Benedict Oramah, for a potential $1.5 billion investment deal in the southeastern state.
Uzodimma, in a statement of Friday, said he had met with the President of the Bank in Cairo, Egypt to discuss details of investment opportunities for Imo State, according to nairametrics.
The Governor, according to Oguwike Nwachuku, the Chief Press Secretary and Media Adviser of Imo State Government, is determined to transform an extensive area of arable land, gas reserves as well as other abundant sources of resources in the state for revenue generation and employment opportunities for its young people.
He said “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.”
In addition, Uzodimma detailed the Cairo meeting on his X Platform and noted that there is a potential investment of close to $1.5 billion.
“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,” he said.
