The Imo Economic Summit Group (IESG), a think-tank charged with the economic development of Imo, has released a new comprehensive economic opportunities’ blueprint for the state.
This is contained in a statement issued by the group’s Director of Communications, Uche Aniche, and made available to the News Agency of Nigeria (NAN) in Owerri on Tuesday.
Anichie explained that the roadmap was commissioned by Augusto Consulting.
He further noted that the roadmap provided insights that could propel the state to new heights of economic growth and development.
He stated that the report underscored the state’s potential in various sectors, with a particular focus on transforming Imo into the Startup capital of the South-East.
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Aniche added that the report would serve as a blueprint for stakeholders, investors, and policymakers to drive sustainable economic development in the zone.
“Key highlights of the report include: sectoral opportunities, such as the potential for value chain development in agriculture and agro-processing as a key driver of job creation and economic diversification in the state.
“Also, the investment potential of Imo, its strategic location, coupled with its improving infrastructure, is presented as a strong case for investment for both local and foreign investors that could significantly boost the state’s economy,” the statement added.
It further explained that the report did not shy away from the challenges facing the state, such as infrastructure gaps and policy inconsistencies.
“It offers actionable recommendations to overcome the challenges and ensure that the state can capitalise on its economic potentials with the aim of growing into a leading economic hub in Nigeria and beyond.
“The report recognises the importance of a skilled workforce and advocates for targeted investments in education and vocational training as well as human capital development.
“By equipping residents with the necessary skills, Imo can enhance its competitiveness and attract more investments,“ the statement added.
