Shettima tags Imo new growth frontier in Nigeria’s economic diversification
Abdullateef Fowewe
Vice President Kashim Shettima has spotlighted Imo State as a key driver in Nigeria’s push for economic diversification, emphasising the State potential in technology, gas, agro-industrial sectors, and SMEs.
This was obtained in a statement on Thursday by the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Stanley Nkwocha.
Speaking at the Imo State Economic Summit 2025 in Owerri, Shettima declared, “Imo is primed for transformation” , adding, “Nations rise when every part discovers its promise and takes responsibility for its own economic direction.”
He identified the state’s strategic role in President Tinubu’s reforms aimed at stabilising business and unlocking sustainable growth.
On government support, he stated, “The Federal Government stands ready to walk with Imo State to unlock opportunities, de-risk promising ventures and ensure that the benefits of development are felt across communities.”
He highlighted financial access through the Bank of Industry and the Development Bank of Nigeria, alongside public-private partnerships in housing, transport, and renewable energy.
Shettima called for a shift from dialogue to action noting, “Let this Summit not end with good ideas alone. Let it lead to signed partnerships, funded projects and measurable outcomes that uplift lives and create jobs.”
Imo State Governor, Hope Uzodinma praised President Bola Tinubu’s reforms and described the state’s rich resources, “We are blessed with the largest game reserve estimated at 200 trillion cubic feet. For those looking for business in gas exploration and utilization, Imo State is the destination.”
He also positioned Imo as a land where “Investment Meets Opportunities (IMO).”
International voices also echoed optimism.
Former Mauritius President Ameenah Gurib-Fakim urged Africa to leverage Nigeria’s leadership, pledging to attract renewable energy investments to Imo.
UN Secretary-General Ban Ki Moon described the summit as vital for addressing global challenges and called for special technology fund support for Africa.
Dangote Industries CEO Aliko Dangote announced plans to be a major investor in Imo, while Afreximbank’s Benedict Oramah revealed a multimillion-dollar facility aimed at boosting Imo’s export capacity.
