The report on capital importation into the nation compiled by the Central Financial institution of Nigeria was launched on Friday by the Nationwide Bureau of Statistics, NBS, with Abia State selecting the third place.
Recall that the report captured the overall Overseas Direct Funding (FDI), portfolio and different sorts of investments into the nation in a yr the worldwide financial system suffered a horrible battering on account of the coronavirus pandemic.
Recall that by vacation spot, Lagos emerged as the highest vacation spot of capital funding in Nigeria with $8.3 billion, adopted by the FCT, which obtained $1.3 billion whereas Abia State got here third with $56 million.
Talking on this growth, the Particular Adviser to the Abia State Governor on Social Funding Programme and Inter-Governmental Affairs, Chief Chinenye Nwaogu admitted that the strides recorded by Governor Okezie Ikpeazu within the growth of Aba, the industrial nerve middle of the state, which revived the enterprise actions in Aba, assisted vastly within the latest feat recorded by the State.
He expressed optimism that the determine will likely be greater within the yr 2021 due to the relentless efforts of the Governor within the promotion of Small and Medium Scale Enterprises and the groundbreaking of Enyimba Financial Metropolis this yr.
Nwaogu stated, “We’re pleased with the constructive consequence and most significantly, it’s coming from a physique exterior the management of the Abia State Authorities; so no one will say that it was rigged. This rating got here out of deliberate and targeted actions and efforts of the state authorities below the management of Governor Okezie Ikpeazu.”
Nwaogu who expressed the preparedness of Abia State to maintain the consequence and do extra exploits, additional described the consequence as a reward of targeted and devoted actions of Gov. Ikpeazu, saying, “the result’s going to be sustained.”
He identified that the mechanism put in place by Governor Ikpeazu instantly after he assumed workplace as duly elected governor in 2015, positively improved enterprise working atmosphere in Aba and made it straightforward for international direct funding, native traders and all types of enterprise folks to come back out and in of the state to do enterprise.
Nwaogu identified that the infrastructure hole; poor highway community and entry to funds seen by Dr. Ikpeazu when he assumed workplace because the governor have been tackled squarely.
He referred to as on each international and native traders to come back to Aba and make investments as Governor Okezie Ikpeazu has put in his finest to safe the state, in order that traders may have the wanted confidence whereas working their companies.