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VP Shettima: Imo State, A New Growth Frontier In Nigeria’s Economic Diversification Drive
VP Shettima: Imo State, A New Growth Frontier In Nigeria’s Economic Diversification Drive
** Says South East state is primed for technology, gas, agro-industrial and SME-led growth
** Reaffirms goverment’s readiness to de-risk private investments, policy stability under President Tinubu
By: Our Reporter
Vice President Kashim Shettima has identified Imo State as a major pillar in Nigeria’s economic diversification agenda primed for rapid growth in technology, gas utilisation, agro-industrial processing and small and medium-scale enterprises (SMEs).
He said the government is committed to providing access to financing through the Bank of Industry and the Development Bank of Nigeria, alongside structured Public-Private Partnerships in housing, transport, and renewable energy sectors for the state.

Speaking on Thursday at the Imo State Economic Summit 2025 in Owerri, VP Shettima said national prosperity could only be sustained when every state takes ownership of its development and deliberately harnesses its comparative advantages.
“Nations do not rise because one corner of the map ascends while others remain dormant. Nations rise when every part discovers its promise and takes responsibility for its own economic direction,” he said.
The Vice President described Imo’s economic prospects as unmistakable, stressing that the state occupies a strategic position in President Bola Ahmed Tinubu’s reforms aimed at stabilising the business environment and unlocking long-term growth.
According to him, the summit’s theme, ‘Unlocking Imo’s Economic Potential: Partnership, Investment, and Innovation’, aligns with the Federal Government’s reform agenda to build a resilient, competitive and inclusive economy.

“All these possibilities converge to remind us that Imo is not just ready for investment. Imo is primed for transformation,” VP Shettima said.
The Vice President highlighted high-growth sectors capable of driving Imo’s economic resurgence, including the deployment of Free Trade Zones and Special Agro-Industrial Processing Zones, expanded gas utilisation for households and industry, and the development of robust digital infrastructure to attract ICT firms and fuel a modern, information-driven economy.
Reaffirming the Federal Government’s commitment to investor protection and confidence-building, VP Shettima assured that the Tinubu administration would continue to de-risk private investments and provide consistent policy direction.
“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. To investors here today, the message is unmistakable: Imo is open for business. Nigeria is open for business,” he said.
The Vice President said global competitiveness today is shaped by innovation, talent and technology rather than the exploitation of natural resources alone, urging Imo to position innovation at the core of its growth strategy.
He disclosed that the Federal Government is already implementing programmes to empower young innovators, expand digital skills training, strengthen tech clusters, promote STEM education and deepen research partnerships with universities.
“The young people of Imo are creative, ambitious and connected to the global knowledge economy. Our duty is to give them the tools, the platforms and the confidence to build the future that awaits them,” VP Shettima said.
The Vice President added that Imo State could emerge as a technology hub, a major contributor to national GDP, a magnet for the creative economy and a leading centre for SMEs and industrialisation, if partnerships and investments are effectively mobilised.
He challenged stakeholders to shift from dialogue to execution. “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,” he urged.

In his welcome address, Imo State Governor, Hope Uzodinma commended President Tinubu’s intentional reform policies, which he said have reset Nigeria’s investment space.
He noted that Imo State had since keyed into the reforms of the President, with the aim of taking the lead in regional development.
Governor Uzodinma said the state, under his leadership, had since utilized its unique landmass and abundant natural resources in providing the ideal environment for investors and businesses to thrive.
“We are blessed with the largest game reserve estimated at 200 trillion cubic feet. So, for those looking for business in gas exploration and utilization, Imo State is the destination.
“We also have other resources like lead, zinc, crude oil, cotton, etc. The incentives are ready and agriculture is our mainstay as the heartland of Eastern Nigeria. We also boast of the 3rd highest human capital development index in the country,” the Governor stated.
He also coined a meaning for the name of the state, describing it as a place where Investment Meets Opportunities (IMO) and business follows.
On her part, the first female elected President of Mauritius, Ameenah Gurib-Fakim, urged Africa to take its place in the global market, pointing out that Nigeria is a power house that should lead the way in that regard.
The former President said there is hope for Africa because Nigeria is rising and giving opportunities to the youth, even as she pledged to bring in investors in renewable energy to invest in Imo.
Also, the Minister of Finance and Coordinating Minister of the Economy, Chief Wale Edun, in his goodwill message, said the private sector is key to investment at all levels.
He commended the Governor of Imo State for taking the right steps towards repositioning the state’s economy.
Chief Edun noted that the impact of the Nigerian economy is measurable, saying the economy, under President Tinubu, is growing faster than it was over a decade ago, and that more progress will soon be recorded.
For his part, the 8th Secretary General of the United Nations (UN), Mr. Ban Ki Moon, in his keynote address, described the summit as a gathering of great significance.
He said addressing global uncertainties is vital, and initiatives like the Imo Investment Summit will help create a more peaceful society.
Mr Moon noted that Africa holds the key to unlocking most of the challenges the world is currently facing, including the Sustainable Development Goals (SDGs).
“Without addressing the challenges Africa is facing, we would not say we have a sustainable world.,” he said, just as he requested for a special technology fund support for the continent.
The former UN scribe stated that implementing the resolutions of the summit will help enhance Imo State’s socio-economic development and help elevate prosperity as well as transform the state into an investment hub.
In his goodwill message, President/Chief Executive of Dangote Industries Limited, Aliko Dangote, hailed the good policies of the Tinubu administration, which he said provided the right atmosphere for business.
The richest man in Africa urged Nigerian businessmen to continue to invest at home, assuring the Governor Uzodimma that the Dangote Industries “will be one of your biggest investors in Imo.”
Immediate past Executive Vice President of AFREXIM Bank, Mr Benedict Oramah, said Afrexim bank is currently building a multi million dollar facility in Imo State to help support the production and export of quality compliance products for export to the global market.
He commended Governor Uzodinma for opening up the state for business through the Orashi River dredging and special economic zone project.
VP Shettima: Imo State, A New Growth Frontier In Nigeria’s Economic Diversification Drive
News
Experts Urge Evidence-Based Energy Reforms as Nigeria’s Transition Debate Intensifies
Experts Urge Evidence-Based Energy Reforms as Nigeria’s Transition Debate Intensifies
By: Michael Mike
Energy policy experts have called for stronger data-driven decision making in Nigeria’s energy transition process, warning that ambitious climate targets must be balanced with economic realities, job security, and the country’s persistent energy access challenges.
The call was made during a national policy dialogue where researchers presented findings on the economic, environmental, and political implications of different energy transition pathways for Nigeria.
At the event, the Stakeholders Research Workshop on Supporting Just Transition in Nigeria, organized on Tuesday in Abuja by the Ministry of Environment and Society for Planet and Prosperity (SPP), analysts said the study was designed to help guide policymaking by providing empirical insights into how various decarbonisation strategies could impact growth, employment, and emissions.

President of the Society for Planet and Prosperity, Professor Chukwumerije Okereke, said Nigeria’s existing commitments under its Nationally Determined Contributions (NDCs) and Energy Transition Plan (ETP) are ambitious but require stronger technical validation before full implementation.
He noted that current projections suggesting up to 85 percent adoption of electric vehicles by 2060 and large-scale solar electricity generation of about 150 gigawatts may be difficult to achieve under current infrastructure and investment conditions.
“Policy targets are not enough on their own,” Okereke said. “What matters is how these targets will be achieved and what the economic and social consequences will be.”
He added that the research explores multiple transition scenarios, including gas-centered development, renewable-focused expansion, and hybrid energy strategies combining both gas and renewable technologies.
According to him, a balanced transition pathway may be more realistic for Nigeria, allowing the country to gradually reduce emissions while still leveraging its vast natural gas resources to support industrial growth and electricity access.
Researchers also emphasized that Nigeria’s transition strategy must address energy poverty, noting that millions of households still lack reliable electricity supply. They said distributed renewable energy systems, particularly solar mini-grids, could play a crucial role in expanding electricity access to rural and underserved communities.
Energy economists involved in the study explained that their analysis combined energy modelling with macroeconomic projections to assess how different policy choices would influence GDP growth, employment creation, and carbon emissions.
Senior Research Fellow, ODI Global, Dr. Timothy Kelsall said the research does not attempt to predict future outcomes but instead evaluates possible consequences of policy decisions.
“We are not predicting the future,” Kelsall said. “We are showing policymakers what could happen under different scenarios so they can make informed decisions.”
He explained that the study models three major transition pathways — gas-focused transition, renewable-dominated transition, and hybrid energy development — noting that each pathway would create different economic and political impacts across sectors.
Analysts also stressed that energy transition policies must consider Nigeria’s political economy realities, as policy reforms often create winners and losers across industries and interest groups.
Experts warned that abrupt policy changes could trigger economic disruptions, particularly in regions and sectors heavily dependent on fossil fuel revenues. Instead, they recommended a gradual transition supported by investment incentives, industrial development policies, and workforce reskilling programs.
The research also examined the use of savings from fuel subsidy reforms, noting that simply removing subsidies without clear reinvestment strategies would not automatically translate into development gains.
Stakeholders said subsidy savings could be redirected toward renewable energy infrastructure, social protection programs, and industrial development initiatives that support economic diversification.
While Nigeria continues to depend heavily on oil and gas exports for foreign exchange earnings, analysts said diversification efforts remain critical for long-term economic stability.
However, they stressed that natural gas could play a transitional role in supporting electricity generation and industrial expansion while renewable energy capacity continues to grow.
Researchers urged stronger collaboration between government institutions, private sector investors, and civil society organisations to ensure successful implementation of transition policies.
As Nigeria navigates its climate and energy future, experts say the country must pursue a pragmatic energy strategy that balances environmental protection with economic growth and improved access to reliable electricity for its growing population.
Experts Urge Evidence-Based Energy Reforms as Nigeria’s Transition Debate Intensifies
News
Nigeria Expands Citizen Feedback Infrastructure as PEBEC, FAAN Launch ReportGov Kiosks at Major Airports
Nigeria Expands Citizen Feedback Infrastructure as PEBEC, FAAN Launch ReportGov Kiosks at Major Airports
By: Michael Mike
The Federal Government has intensified efforts to strengthen transparency, accountability, and public service efficiency with the reactivation and upgrade of the national ReportGov feedback system across major international airports in Nigeria.
The initiative, driven by the Presidential Enabling Business Environment Council (PEBEC) and the Federal Airports Authority of Nigeria (FAAN), was formally unveiled at the Murtala Muhammed International Airport Terminal 2 in Lagos, with plans to extend the system to airports in Abuja, Port Harcourt, Enugu, and Kano.
Officials said the project is part of broader governance reforms aimed at improving citizen trust in public institutions while enhancing Nigeria’s business environment and service delivery standards across government agencies.
At the unveiling ceremony, PEBEC Director-General Princess Zahrah Mustapha Audu said the reactivation of ReportGov kiosks represents the federal government’s commitment to placing citizens at the center of governance reform.

She explained that the platform is designed to capture real-time complaints, commendations, and service improvement suggestions from citizens while helping government institutions respond faster to service failures.
According to her, institutionalizing feedback mechanisms will help reduce bureaucratic delays, improve inter-agency coordination, and ensure that public service performance is measured by actual service outcomes experienced by citizens.
FAAN Managing Director Olubunmi Kuku described airports as strategic economic gateways where service quality directly affects Nigeria’s international reputation.
She said improving passenger experience is critical for attracting foreign investment, promoting tourism, and strengthening business travel confidence. Kuku added that FAAN would continue supporting initiatives that promote transparency, operational efficiency, and customer-centered service delivery across Nigeria’s aviation facilities, noting that airport efficiency is closely linked to national economic competitiveness.
ReportGov serves as Nigeria’s official national grievance redress platform designed to capture citizen feedback on service delivery challenges across Ministries, Departments, and Agencies.
The newly upgraded physical kiosks will operate 24 hours daily in high-traffic public locations, allowing travellers and citizens to submit complaints, compliments, and policy suggestions directly into government monitoring systems.

Officials said the platform is structured to track complaints from submission to final resolution, helping authorities identify systemic service gaps and discourage unethical practices in public service interactions.
Government reform advocates said the initiative reflects a broader shift toward citizen-centered governance, where public satisfaction becomes a key performance indicator for government institutions.
Stakeholders noted that improving feedback infrastructure is particularly important as Nigeria continues efforts to diversify its economy and strengthen investor confidence in key sectors such as aviation, trade, and services.
Industry analysts said strengthening service delivery at airports is particularly important because aviation facilities serve as Nigeria’s international interface with the global economy. They explained that passengers’ first experiences at airports often shape perceptions about business conditions, investment potential, and tourism opportunities in the country. Improved feedback systems, they said, will help authorities address operational challenges such as passenger processing delays, service quality issues, and infrastructure maintenance gaps.
Officials also emphasized that the expanded deployment of ReportGov kiosks aligns with national anti-corruption and governance reform objectives. By creating structured reporting channels, the government hopes to strengthen transparency, reduce rent-seeking behavior, and improve coordination among agencies responsible for public service delivery.
As Nigeria continues its economic reform and infrastructure development agenda, authorities said citizen feedback will remain a central tool for measuring public service performance and guiding future policy decisions.
Nigeria Expands Citizen Feedback Infrastructure as PEBEC, FAAN Launch ReportGov Kiosks at Major Airports
News
KACRAN Calls for Increased Funding for Northeast Development
KACRAN Calls for Increased Funding for Northeast Development
By: Michael Mike
The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has commended the North East Development Commission (NEDC) for demonstrating transparency and accountability following its recently concluded month-long inspection of development projects across the Northeast region.
In a statement released by KACRAN National President Hon. Khalil Mohammed Bello, the association described the inspection exercise as a strong indicator of responsible public administration, noting that comprehensive project verification remains a key test of accountability in public service delivery.

KACRAN stated that the NEDC’s decision to conduct high-level inspections of both ongoing and completed projects reflects a commitment to ensuring that public funds are translated into tangible developmental outcomes for citizens in the region.
The association further praised what it described as the “boldness and confidence” displayed by the Commission during the inspection tour, saying it signals that projects executed by the agency meet required standards and represent value for money.
Of particular interest to KACRAN members are the Commission’s investments in water infrastructure and livestock support projects aimed at improving pastoral livelihoods across the Northeast.
The association noted that such initiatives are critical to sustaining the livestock sector and supporting pastoral communities, while also aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes livestock development, food security, and economic diversification.

KACRAN said strengthening livestock production could help reduce Nigeria’s reliance on imported dairy and meat products while positioning the country as a potential exporter of livestock products in the long term.
The group also commended the composition of the NEDC inspection team, which included the Commission’s Governing Board Chairman, Managing Director, and senior directors from finance, operations, and humanitarian affairs. KACRAN said the inclusion of senior management personnel and media representatives during the nearly 30-day inspection tour demonstrates transparency and accountability in governance.
The inspection covered several development sectors including road infrastructure, drainage systems, primary healthcare facilities, educational projects, water points for livestock, and distribution of humanitarian relief materials to internally displaced persons (IDPs).
KACRAN described the NEDC as a model of sincerity and dedication in Nigeria’s public sector, praising the Commission’s efforts toward the rehabilitation and economic recovery of the Northeast region.
The association, however, called on President Bola Ahmed Tinubu to ensure timely and adequate funding for the NEDC to enable the Commission to sustain its development and humanitarian programs.
It stressed that increased funding would strengthen infrastructure development, livestock productivity, peace-building efforts, and humanitarian interventions across the Northeast.
KACRAN Calls for Increased Funding for Northeast Development
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