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

UN Women, Diplomats, Nollywood Stars Intensify Push for Special Seats Bill With New Advocacy Film

Published

on

UN Women, Diplomats, Nollywood Stars Intensify Push for Special Seats Bill With New Advocacy Film

By: Michael Mike

The Nigeria office of UN Women, alongside diplomats, civil society groups and Nollywood stars, has intensified pressure for the passage of the Special Seats for Women Bill with the premiere of a new advocacy film aimed at confronting the persistent exclusion of women from Nigeria’s political leadership.

The film, Ibukun and the People, was screened at the weekend in Abuja under the Side by Side Naija campaign as part of efforts to mobilise nationwide support for increased women’s representation in parliament and decision-making positions.

The production, supported by UN Women, the Foreign, Commonwealth and Development Office and the Government of Canada, brought together actors, development partners, women groups, civil society organisations, media practitioners and advocates of inclusive governance.

Featuring prominent Nollywood stars including Ivie Okujaiye, Uzee Usman and Joke Silva, the movie highlighted the structural barriers, intimidation, stereotypes and political exclusion confronting women seeking elective offices in Nigeria.

Speaking at the event, the UN Women Representative to Nigeria and ECOWAS, Beatrice Eyong described the initiative as a strategic intervention designed to deepen conversations around gender inclusion and strengthen advocacy for the Special Seats Bill.

She said women’s inclusion in governance must be seen as a national development imperative rather than an act of charity.

“Not as an act of charity, but as a necessity for national development. We need more women at the table when decisions that affect them are made. That is what the movie is advocating,” she said.

Eyong urged Nigerians to look beyond the entertainment value of the production and confront the realities women continue to face in politics, expressing optimism that the movie would inspire broader support for women seeking political offices.

She also commended the actors and production crew for volunteering their talents in support of the advocacy campaign.

The British Deputy High Commissioner to Nigeria, Gill Lever, described women’s participation in politics as an urgent democratic priority, noting that storytelling remains a powerful tool for driving policy conversations and social change.

According to her, the film aligns with ongoing advocacy for affirmative action and could help accelerate reforms that promote inclusive governance.

Also speaking, the Ambassador of Belgium to Nigeria, Pieter Leenknegt, said reserved seats remain one of the practical pathways for improving women’s representation in Nigeria’s political system.

He, however, stressed that broader political reforms and education were equally critical in addressing gender imbalance in leadership.

Similarly, the Ambassador of Finland to Nigeria, Sanna Selin, said gender equality promotes peace, social justice and sustainable development.

She noted that inclusive governance benefits society as a whole through improved stability and economic progress.

The Country Representative of United Nations Population Fund in Nigeria, Muriel Mafico, reaffirmed the commitment of United Nations agencies to supporting the passage of the Special Seats Bill to boost women’s representation in governance.

Director-General of the Maryam Babangida National Centre for Women Development, Adedayo Benjamins-Laniyi, urged women to sustain grassroots mobilisation and remain united in the campaign for increased political participation.

Women’s rights advocate, Ene Obi, said the proposed legislation would help correct Nigeria’s political imbalance and create opportunities for women to contribute more meaningfully to national development.

She called on men and key stakeholders to actively support the bill and champion the inclusion of women in leadership and governance.

President of the League of Women Voters of Nigeria, Irene Awunah-Ikyegh, described the bill as a crucial affirmative action measure needed to deepen democracy and empower women politically.

The National President of the National Council of Women Societies, Edna Azura, commended the organisers and young filmmakers for deploying cinema as a platform for social advocacy and democratic inclusion.

Director of the film, Patience Ejoke-Ogedegbe, said the movie sends a strong message that competent women should no longer be intimidated, blackmailed or discouraged from contesting political positions.

Actor Uzee Usman, who played the role of a senator in the film, stressed the need to encourage and support more women to seek elective offices.

Lead actress Ivie Okujaiye said the production would inspire women to challenge stereotypes and resist intimidation while pursuing leadership positions.

Guests at the screening praised the movie’s production quality, storyline and performances, describing it as socially impactful and politically relevant.

The event also featured the presentation of awards to some of the actors and advocates in recognition of their contributions to gender equality and inclusive governance in Nigeria.

UN Women, Diplomats, Nollywood Stars Intensify Push for Special Seats Bill With New Advocacy Film

Continue Reading

News

Korean Cultural Centre Deepens Nigeria-South Korea Ties Through K-Heritage Festival in Abuja

Published

on

Korean Cultural Centre Deepens Nigeria-South Korea Ties Through K-Heritage Festival in Abuja

By:Michael Mike

The Korean Cultural Centre Nigeria has intensified efforts to strengthen cultural diplomacy and people-to-people relations between Nigeria and South Korea through the expansion of its K-Heritage Festival, an initiative aimed at promoting traditional Korean arts, music and cultural education in Nigeria.

Organisers said the Abuja edition of the festival reflects growing cultural exchanges between both countries and a deliberate effort to expose Nigerians to Korea’s rich traditional heritage beyond the globally celebrated K-Pop culture.

Speaking during the event in Abuja at the weekend, the Event Manager at the Korean Cultural Centre, Yoonjin Lee, said the festival was created to showcase the depth of Korean traditional performances and cultural identity to Nigerian audiences increasingly fascinated by Korean entertainment.

According to her, although K-Pop has gained massive international popularity among young people, the K-Heritage Festival was designed to introduce Nigerians to the traditional roots of Korean culture through indigenous music, dance and live performances.

“K-Pop is more like the modern type, more attracted by young people. But the K-Heritage Festival is trying to also bring Korean traditional performances to Nigeria,” she said.

The festival, which debuted in Lagos in 2025, was extended to Abuja this year as part of efforts to widen participation and deepen cultural engagement across Nigeria.

This year’s edition featured performances by Korean traditional performance duo Sorichum, comprising Melissa Minseong Seo and Hyunjung Park, who entertained audiences with displays of traditional Korean music and dance.

Beyond the stage performances, the artistes also organised intensive two-day cultural workshops where Nigerian participants were introduced to Korean fan dance and the traditional Korean percussion instrument known as the Janggu.

Participants who took part in the workshops later performed during the festival alongside students of the Korean Cultural Centre and winners of previous K-Pop competitions.

Lee described the level of enthusiasm and commitment shown by Nigerian participants as remarkable.

“The students only learned for two days, but they performed perfectly. People are really enjoying it,” she said.

According to her, the response from participants and audiences demonstrates that Nigerian interest in Korean culture is evolving beyond contemporary pop entertainment into deeper appreciation for traditional Korean heritage.

She stressed that the K-Heritage Festival forms part of the centre’s broader cultural mission to present multiple dimensions of Korean identity, history and artistic traditions to Nigerians.

“We really want to show different stages of Korean culture. K-Pop is very big, but as a Korean Cultural Centre, we also want to bring traditions and opportunities for people to experience them,” she added.

The growing popularity of Korean cultural programmes in Nigeria mirrors a wider global expansion of the “Korean Wave,” popularly known as Hallyu — a phenomenon driven by the international success of Korean music, films, television dramas, fashion and cuisine.

Over the past decade, South Korea has increasingly deployed cultural diplomacy as a soft-power strategy to strengthen global influence and international partnerships, particularly among younger populations.

Nigeria has emerged as one of the leading African countries embracing Korean cultural exports, with rising participation in K-Pop contests, Korean language classes, film screenings and cultural festivals organised by the Korean Cultural Centre in Abuja and Lagos.

The Korean Cultural Centre Nigeria, established to promote mutual cultural understanding, has continued to organise language education programmes, cultural exhibitions, culinary events and entertainment festivals aimed at fostering closer bilateral ties.

Lee disclosed that organisers are considering expanding traditional Korean cultural activities in Nigeria through additional workshops and festivals, especially in Lagos.

She revealed that plans are underway for another Janggu drum festival while traditional cultural classes are also expected to be strengthened ahead of the possible introduction of K-Heritage competitions in the future.

However, she noted that competitive events currently remain largely focused on K-Pop activities due to their strong youth appeal.

She further announced that another K-Pop Festival would hold later this year in Lagos as organisers continue rotating major cultural events between Lagos and Abuja to ensure broader national participation.

Observers say the growing acceptance of Korean cultural festivals in Nigeria reflects the increasing role of cultural exchanges in international relations, where arts, music and shared experiences are becoming powerful tools for strengthening diplomatic and economic cooperation between nations.

Korean Cultural Centre Deepens Nigeria-South Korea Ties Through K-Heritage Festival in Abuja

Continue Reading

News

Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries

Published

on

Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries

By: Michael Mike

Nigeria and China have intensified efforts to strengthen bilateral cooperation in tourism, culture, and the creative economy, with both countries identifying the sectors as major drivers of economic growth, cultural diplomacy, and people-to-people relations.

This commitment was reaffirmed at the weekend during the 2026 China Tourism Day celebration hosted by the China Cultural Centre in Nigeria (CCIN) in Abuja, where government officials, diplomats, tourism stakeholders, artists, and cultural enthusiasts gathered to celebrate the growing partnership between the two nations.

Speaking at the event, Yang Jianxing said tourism remains one of the most effective instruments for fostering mutual understanding and strengthening ties among nations.

He explained that the theme of this year’s celebration, “Enjoying Quality Tourism, Exploring Beautiful Landscapes,” reflects the increasing global importance of tourism as a platform for intercultural dialogue and peaceful coexistence.

According to him, both China and Nigeria possess rich historical civilizations, diverse cultural identities, and globally recognised tourism assets capable of deepening cooperation between their peoples.

Yang cited iconic destinations including the Great Wall of China and Mount Tai, alongside Nigeria’s Osun-Osogbo Sacred Grove and Zuma Rock, describing them as enduring cultural symbols that continue to connect civilizations across continents.

He noted that several joint cultural initiatives organised over the years by both countries, including the Happy Chinese New Year programmes and China-Nigeria Cultural and Tourism Festivals, had expanded cultural exchanges through artistic performances, traditional exhibitions, and culinary experiences.

“These activities have not only strengthened friendship between our peoples but have also promoted the spirit of harmony, mutual respect, and cultural inclusiveness,” he said.

Yang further disclosed that China was prepared to deepen collaboration with Nigeria under the framework of the China-Africa Year of People-to-People Exchanges, with fresh opportunities expected in heritage preservation, tourism promotion, cultural innovation, and the creative industries.

He encouraged more Nigerians to explore educational and tourism opportunities in China while expressing optimism that more Chinese visitors would also discover Nigeria’s rich cultural heritage, artistic diversity, and tourism potential.

Also addressing participants, Abdulkarim Ibrahim described the event as another milestone in the long-standing diplomatic and cultural relationship between Nigeria and China, which he said has continued to flourish for more than five decades.

Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries

Continue Reading

Trending

Verified by MonsterInsights