FG Reforms Position Imo as Emerging Investment Hub, Says Edun

FG Reforms Position Imo as Emerging Investment Hub, Says Edun

JOEL OLADELE, Abuja

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said ongoing Federal Government economic reforms are unlocking wider opportunities for private-sector growth, with states like Imo beginning to demonstrate stronger investment appeal.

Speaking Thursday at the Imo State Economic Summit 2025, Edun commended Governor Hope Uzodimma for what he described as “purposeful infrastructure renewal,” citing upgraded roads and the administration’s plans for round-the-clock electricity supply.

He noted that recent liberalisation of the power sector now allows states and private partners to generate and distribute electricity, an intervention he said would ease long-standing constraints for manufacturers, technology firms and other industrial players.

Edun identified opportunities for investors in light manufacturing, agro-processing, pharmaceuticals, packaging and building materials, adding that Imo’s geographic location offers access to key markets across the South-East and beyond.

On Nigeria’s broader economic trajectory, the minister said the country is recording growth of about 4 per cent; double previous levels with industry and agriculture driving the rebound.

According to him, fiscal reforms have doubled monthly allocations to states, widening local market capacity and creating more space for private investment. He added that inflation is on a downward trend, improving consumer purchasing power and strengthening domestic demand.

The minister restated the Federal Government’s commitment to inclusive growth through targeted social programmes, and announced that a national mass savings scheme designed to mobilise investment from citizens and businesses will be launched soon.

Edun said Nigeria is transitioning “from latent potential to rising opportunity,” calling for deeper collaboration among federal, state and private-sector actors to sustain the momentum of economic recovery.

With ongoing infrastructure upgrades, a more investor-friendly climate and strategic market access, Imo State, he said, is positioning itself as a rising hub for enterprise in the region.

He urged local and international investors to take advantage of emerging opportunities in the state and across the country as reforms continue to unfold.