"We Owe the Governor": FG Praises Uzodimma as Imo Govt Launches Orashi Free Trade Zone

"We Owe the Governor": FG Praises Uzodimma as Imo Govt Launches Orashi Free Trade Zone

  • The Nigerian government has lauded the establishment of the Orashi Free Trade Zone in Imo State
  • Nigeria's Vice President Yemi Osinbajo expressed optimism for the project and the dredging of the Oguta/Orashi River
  • Uzodimma stated that the project would propel an economic boom for the southeast and Nigeria

The Federal Government has lauded the expansion of Imo State's economy through the Orashi Free Trade Zone project embarked upon by the state governor, Hope Uzodimma.

The Vice President described the Oguta/Orashi project as the "game changer for Imo State, Nigeria, and the West Coast of Africa."

He further said the project is one of a kind project with benefits that would be glaring.

Orashi Free Trade Zone, Imo State
Imo State Governor, Hope Uzodimma. Credit: State House
Source: Twitter

Osinbajo describes project as better hope for Imo

According to the Vice President, we all owe Governor Hope Uzodimma gratitude for bringing hope to our Nation and sub-region.

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He urged the governor to keep up the excellent work in attracting more development for the State and the Nation through his purpose-driven governance and leadership.

The Vice President disclosed that the project would fulfil the promise of radical sea route transformation from Imo State to the Atlantic Ocean, which will benefit not only the State's economy but the economy of the South-East, the Nation, the region, and all people.

Imo state Governor speaks

In his address, Governor Uzodimma expressed confidence and optimism for the economic boom through the project's full realisation.

According to him, this project alone can make the Southeast region a robust, self-sufficient economy.

The governor added that the project would checkmate crude oil thefts and illegal bunkers, saving the state and the Nation's collective wealth.

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Uzodimma lauds Buhari's approval

The governor also commended President Muhammadu Buhari for many generous acts, especially this recent approval for declaring the Orashi River as an Oil and Gas Free Trade Zone and the proposed Sea route from Orashi River, Degema, to the Atlantic Ocean.

He also appreciated the Vice President for being part of the joyous celebration with Ndi Imo.

He further promised that the Shared Prosperity administration would establish industrial clusters around the region, especially industries that will use the Gas deposits in the State, which will additionally trigger industrial development.

Ekiti State secures Free Trade Zone status, joining 21 other states with big opportunities

Legit.ng reported that Ekiti State has officially been granted free trade zone status by the federal government, making it the 22nd state in the country to be awarded this status.

Dailytrust reports that President Muhammadu Buhari approved the request of the Minister of Industry, Trade, and Investment, Otunba Adeniyi Adebayo.

The free trade is for the Ekiti Knowledge Zone, Situated on 208.949 Hectares of Land Located Ado-Ijan Road, Ado Ekiti.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.