Connect with us

News

VP Shettima: Imo State, A New Growth Frontier In Nigeria’s Economic Diversification Drive

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NHRC Honours Ford Foundation for Sustained Support to Human Rights in Nigeria

Published

on

NHRC Honours Ford Foundation for Sustained Support to Human Rights in Nigeria

By: Michael Mike

The National Human Rights Commission (NHRC) has honoured the Ford Foundation for its sustained contributions to advancing human rights in Nigeria, reinforcing a partnership that has played a critical role in strengthening access to justice and institutional capacity.

At a ceremony held Friday at the Commission’s headquarters in Abuja, the NHRC presented an Award of Appreciation to the Foundation in recognition of its longstanding support.

The award was received by the Foundation’s Regional Director for West Africa, ChiChi Aniagolu-Okoye, during a high-level engagement with directors and senior officials of the Commission.

Speaking at the event, the Executive Secretary of the NHRC, Dr. Tony Ojukwu commended the Ford Foundation’s consistent backing, particularly in initiatives aimed at expanding access to justice and strengthening the Commission’s operational capacity.

He stressed that given the breadth and complexity of human rights challenges in Nigeria, the Commission cannot function in isolation.

According to him, sustained collaboration with development partners remains essential to transforming human rights protection from policy intentions into tangible outcomes for citizens.

In her remarks, Aniagolu-Okoye described the recognition as both significant and encouraging, reaffirming the Foundation’s commitment to promoting human rights. She noted that a key focus of the Foundation’s work is ensuring that citizens are not only aware of their rights but are also supported in seeking justice when those rights are violated.

She, however, emphasized that awareness alone is insufficient without strong and effective enforcement systems. Gaps between knowledge of rights and actual access to justice, she said, can weaken public trust and diminish the impact of human rights initiatives.

“Trust in institutions grows when people experience fairness and accessibility in justice delivery,” she noted, adding that strengthening such systems is critical for sustainable human rights protection.

The engagement also underscored the importance of continued cooperation between the Commission and its partners in addressing evolving human rights challenges across the country.

In a vote of thanks, Senior Human Rights Adviser to the Commission, Hilary Ogbonna, expressed appreciation for the Ford Foundation’s enduring partnership. He highlighted key institutional advancements, including initiatives such as the MOVE project and the Commission’s dashboard system, noting that many of these efforts benefitted from the Foundation’s early support.

Ogbonna also commended the leadership of the Executive Secretary and the dedication of the Commission’s directors, whose commitment, he said, has sustained progress despite operational constraints.

He further acknowledged the role of the media as a vital partner in the human rights ecosystem, describing the press as the “fourth estate” that amplifies, documents, and brings critical human rights issues to public attention.

The event reaffirmed the shared commitment of the NHRC and its partners to strengthening justice delivery systems and enhancing the protection of human rights in Nigeria.

NHRC Honours Ford Foundation for Sustained Support to Human Rights in Nigeria

Continue Reading

News

Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment

Published

on

Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment

By: Michael Mike

In a move that underscores early political positioning ahead of Nigeria’s next general elections, key stakeholders of the All Progressives Congress (APC) in Borno State have formally endorsed President Bola Ahmed Tinubu and Vice President Kashim Shettima for a second term in 2027.

The endorsement, announced during a high-level gathering at the Government House Multipurpose Hall in Maiduguri on Saturday, signals a consolidation of political support in one of the APC’s strongest northern bases. Party leaders, government officials, and influential grassroots mobilizers unanimously pledged to rally voters across the state to ensure the continuity of the Tinubu administration.

Addressing the stakeholders, Borno State Governor Babagana Umara Zulum described the endorsement as both a vote of confidence in the current administration and a strategic commitment to sustaining ongoing reforms. He emphasized that the Tinubu-Shettima leadership had demonstrated resolve in tackling Nigeria’s complex security and economic challenges.

According to Zulum, Borno State—long at the epicenter of insurgency—has witnessed renewed federal attention in security coordination, humanitarian interventions, and reconstruction efforts. He noted that continuity in leadership would be critical to consolidating these gains, particularly in the North-East where recovery from years of conflict remains fragile.

“The support for President Tinubu and Vice President Shettima is rooted in performance and trust,” Zulum said. “Borno has seen firsthand the impact of leadership that understands our realities and is committed to long-term stability.”

Borno’s Strategic Role in APC Politics

Borno State holds significant political weight within the APC, not only as a consistent electoral stronghold but also as the political base of Vice President Shettima, a former governor of the state. Since the party’s formation in 2013 and its landmark victory in the 2015 elections, Borno has remained central to APC’s dominance in the North-East.

The state’s political influence is further amplified by its frontline status in Nigeria’s fight against insurgency. Years of conflict involving Boko Haram and ISWAP insurgents have shaped national security policies and elevated Borno’s importance in federal decision-making. As a result, endorsements from the state often carry symbolic and strategic significance for national campaigns.

Political analysts view the early endorsement as part of a broader effort by APC stakeholders to stabilize internal party structures and project unity well ahead of the 2027 elections. It also reflects a growing trend of pre-election alignments aimed at discouraging intra-party rivalries and consolidating incumbency advantages.

Momentum Builds Toward 2027

Saturday’s declaration comes amid ongoing national debates over economic reforms, security challenges, and governance priorities under the Tinubu administration. While opposition parties are expected to intensify criticism in the coming years, the APC appears to be laying the groundwork for a coordinated re-election campaign.

Stakeholders at the Maiduguri meeting pledged to embark on extensive grassroots mobilization, voter engagement, and party strengthening initiatives across all local government areas in Borno. They also called on other APC-controlled states to replicate similar endorsements to build a nationwide consensus.

As Nigeria moves deeper into its current electoral cycle, the Borno endorsement highlights how regional political blocs are already shaping the contours of the 2027 race—long before official campaigns begin.

Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment

Continue Reading

News

Southern Borno Youths Rally Behind Ndume with N38.5m War Chest for 2027 Senate Bid

Published

on

Southern Borno Youths Rally Behind Ndume with N38.5m War Chest for 2027 Senate Bid

By: Michael Mike

In a powerful demonstration of political loyalty and grassroots mobilisation, thousands of youths from Southern Borno Senatorial District on Saturday pooled N38.5 million to back the fifth-term ambition of Muhammadu Ali Ndume ahead of the 2027 general elections.

The fundraising event, held at Forshams Hall in Maiduguri, attracted more than 2,000 participants drawn from all nine local government areas of the district. The contributors, largely youth groups and community associations, said their financial commitment was a deliberate move to retain what they described as a “fearless and people-driven legislator” in the Senate.

Leading the initiative, youth coordinator Alhaji Babandi Shehu said the intervention was not merely symbolic but a calculated political statement at a time when, according to him, Nigeria needs courageous voices in governance.

“Senator Ndume has distinguished himself as one of the few leaders who consistently speaks truth to power,” Shehu declared. “This is not just about funding forms; it is about safeguarding representation that prioritises the people and holds the executive accountable.”

The atmosphere at the venue reflected a rare level of political consensus, with chants of solidarity and pledges of continued support echoing throughout the gathering. Participants insisted that Ndume’s track record in both legislation and constituency development justifies their early and collective endorsement.

Reinforcing this position, Ndume’s Senior Legislative Aide, Junaid Jibril Maiva, outlined what he described as a legacy of impactful service spanning over a decade. He noted that the senator has sponsored more than 70 bills focused on national development while also facilitating landmark federal institutions in Southern Borno and the wider North-East.

Among these, he listed the Nigerian Army University, Biu, the North East Development Commission, and the Federal College of Education, Gwoza, as well as ongoing efforts to establish a Federal Medical Centre in Kwaya-Kusar and a Federal College of Agriculture in Shani.

Maiva further highlighted Ndume’s role in humanitarian interventions, particularly in communities devastated by insurgency. “Beyond legislation, he has directly supported resettlement efforts, including the construction of 200 housing units in Gwoza and 80 in Damboa for displaced families,” he said.

A breakdown of the funds raised showed a broad-based contribution pattern across the district. Biu, Kwaya-Kusar, Hawul, Bayo, and Shani collectively donated N8 million, Askira-Uba contributed N5 million, while Damboa added N2 million. Additional support came from trade and transport groups, including the Nigeria Union of Road Transport Workers and the Baga Road Timber Sellers Association, each donating N1 million.

Political observers say the scale and timing of the mobilisation point to a well-entrenched support base and a strategic effort to secure early momentum ahead of the 2027 race. The move also reflects a broader trend of pre-election alignment within the All Progressives Congress, as key actors position themselves for what is expected to be a highly competitive electoral cycle.

A Career Shaped by Advocacy and Controversy

Since his election to the Senate in 2011, Ndume has remained one of the most outspoken members of the National Assembly of Nigeria. Representing a region at the heart of Nigeria’s insurgency crisis, he has consistently pushed for stronger federal intervention in security, reconstruction, and humanitarian response.

His tenure has been marked by a willingness to challenge authority—even within his own party—earning him both admiration and criticism. Supporters view him as a principled advocate for accountability, while critics argue that his confrontational style sometimes stirs political tension.

Nonetheless, Saturday’s event suggests that within Southern Borno, his influence remains firmly intact.

Early Signals for 2027

With the 2027 elections still over a year away, the fundraising initiative underscores how political structures are already taking shape across Nigeria. For Ndume’s supporters, the message is clear: continuity, experience, and assertive representation are non-negotiable.

As the crowd dispersed in Maiduguri, one sentiment stood out—this was more than a fundraiser. It was an early declaration of intent, a grassroots-powered endorsement that could set the tone for the political battles ahead.

Southern Borno Youths Rally Behind Ndume with N38.5m War Chest for 2027 Senate Bid

Continue Reading

Trending

Verified by MonsterInsights