Owerri: The Imo State Government has successfully secured a four million dollar (N6.8bn) fund from the World Bank to support its initiatives in enhancing good governance and accountability, particularly in the realm of easing business operations.
According to News Agency of Nigeria, The announcement was made by Mr. Declan Emelumba, the Commissioner for Information, Public Orientation, and Strategy, during a press conference in Owerri. Emelumba highlighted that Imo is one of four states in Nigeria to qualify for this financial support under the World Bank’s State Action on Business Enabling Reforms (SABER) programme. The selection was based on the state’s performance in areas such as land administration efficiency, regulatory frameworks for private investment in fiber optic infrastructure, investment promotion agency services, and the transparency of government-to-business services.
Emelumba attributed the state’s success in securing the funds to its performance in these key areas, which are crucial for cons
olidating the SABER programme. He emphasized that the award underscores the government’s commitment to progressive governance, economic empowerment, and sustainable development. Under Governor Hope Uzodimma’s administration, Imo has implemented robust policy initiatives to enhance land administration, facilitating seamless land registration processes and fostering land-based investments.
The commissioner also noted that the governor’s emphasis on transparent governance has significantly increased investor confidence in the state, particularly in the sector of digital connectivity. Contrary to criticisms, Emelumba asserted that Governor Uzodimma has been actively engaging with both local and international investors to explore investment opportunities in Imo State.
Moreover, Imo State has made significant progress in strengthening its investment promotion agencies, attracting top-tier investors by prioritizing efficiency and transparency in government-to-business services. This approach has fostered a culture
of accountability and improved relations with relevant stakeholders.
The commissioner lauded Governor Uzodimma for creating a conducive business environment that has drawn the attention of the World Bank. The received funds will be directed towards advancing critical reforms and reinvesting in infrastructure, with a focus on supporting micro, small, and medium-sized enterprises.