Friday 18th August, 2017
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Ikpeazu woos Afreximbank's support for development, employment

Ikpeazu woos Afreximbank's support for development, employment

The Abia State Gover­nor, Dr. Okezie Vic­tor Ikpeazu, has taken his drive for rapid develop­ment which in turn will creat job opportunities for Abia State residents to the African Export-Import Bank (Afrex­imbank) President in Cairo, Egypt, where he led a team of Private Sector Investment Partners to a one-day meeting with the bank.

According to a release by the Chief Press Secretary to the Governor, Enyinnaya Ap­polos, the Governor Ikpeazu who has returned to Nigeria after the One day meeting, had on his team to Cairo some private sector investors, in­cluding Prof Barth Nnaji, the CEO of Geometrics Power, Mr. Darl Uzu , MD Crown Re­alities Plc., the lead promot­ers of the Enyimba Free Trade Zone project and Dr Pascal Dozie, Chairman of Diamond Bank Plc.

The meeting which was at the invitation of the Afrex­imbank President, Dr. Bene­dict Okey Oramah, discussed partnership opportunities in the development of the Eny­imba Free Trade Zone Project and completion of Geometric Power project at Aba, amongst others.

Recalled that the Enyimba Free Trade agreement was signed on the 27th of January between the Abia State Gov­ernment and Crown Realties Plc.

The Cairo meeting is there­fore a major step forward to­wards realising the project while the Geometric Power Project, which is 95% com­pleted, was identified by the Ikpeazu led Government as a key driver for Aba and Abia economic growth.

At the meeting, Governor Ikpeazu discussed invest­ment opportunities in Abia state and also highlighted the resources his government has put in place to support busi­ness growth, job creation and expansion in the state.

The Governor emphasised that it was the vision of the Abia State Government to re-ignite the Industrial potentials of Aba, leveraging its compet­itive advantage in trade and commerce with centralised location that makes access to all south east and south south cities easy.

According to the Governor, “the planned Aba Industrial Park Project aims to help Aba capture available windows of opportunities by achiev­ing quick wins in the Leather, Garment, Metal Fabrication industries and also attract export oriented light manu­facturing firms that will ulti­mately create a snowballing effect in the re-ignition of the Nigerian economy.”

In his response, the Presi­dent of Afreximbank, Dr. Okey Oramah, stated that the development of Industrial Parks and constant power supply were in line with the bank’s strategic investment thrust.

He affirmed that good in­frastructure is critical to manufacturing and promised that Afreximbank will part­ner with Abia State in the de­velopment of Industrial Parks and Electricity Infrastructure.

Dr. Oramah also stated that Afreximbank is also in sup­port of the emergence of Ex­port Trading Companies and development of standard cer­tification centers to support export promotion.

Founded in 1993, African Export–Import Bank, also referred to as Afreximbank, is an International financial institution, headquartered in Cairo, Egypt, with primary objective of promoting and financing trade within the African continent as well as trade between Africa and other continents.