International Finance Corporation to support industrial production in Anambra
person_pin Okey Onwuka
query_builder April 5, 2019 18:16:24


By John Ndu

Awka, March 4, 2019 (MOI) Anambra State Government says it will continuously focus on designing strategies to improve industrial production in the area.

Gov. Willie Obiano said this at Agulu when he received a team of International Finance Corporation and the World Bank on a tour of industrial clusters in the state.

The team from the International Finance Corporation is visiting Anambra and six other states to assess challenges facing local industries with a view to addressing them through development financing.

Among the major impediments to industrial productivity as highlighted by some producers were inadequate power supply, high electricity tariff and poor access to low interest funds.

Obiano, who was represented by the Deputy Governor, Dr Nkem Okeke said his administration shared the same vision with the corporation on economic growth through development financing.

Gov. Obiano emphasised that the state government was looking forward to a robust partnership that would improve the living conditions of citizens through realisable plans.

Country Director, International Finance Corporation (IFC), Mr Ibrahim Dikko Adamu applauded steps taken by the state government to create an enabling environment to enhance economic production.

Adamu explained that the visit was critical to boosting the productive capacity of industries and pledged the support of the corporation in tackling issues confronting industrial production in the area.

Secretary to the State Government, Prof. Solo Chukwulobelu noted that the visit underscored the critical role played by development-lending in promoting private-public sector businesses.

Managing Director of Anambra State Investment Promotion and Protection Agency (ANSIPPA), Mr Jide Ikeakor said the ideas generated would help in boosting development in the area. (MOI)