The Federal Government’s economic reforms are unlocking new opportunities for private-sector growth nationwide, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said on Thursday at the Imo State Economic Summit 2025.
Director, Information and Public Relations, Mohammed Manga in a statement quoted Edun to have praised Governor Hope Uzodimma for road improvements and plans for 24-hour electricity, noting that Imo is positioning itself as an investment-ready state.
Recent federal power-sector reforms now allow states and private partners to generate and distribute electricity, easing constraints for industry and technology firms.
Highlighting investment opportunities, the Minister pointed to light manufacturing, agro-processing, pharmaceuticals, packaging, and building materials, citing Imo’s strategic access to major regional markets.
On the national economy, Edun reported growth of about 4 percent, double the previous rate, led by industry and agriculture. Fiscal reforms have doubled allocations to states, broadening local markets and attracting private capital. Declining inflation is boosting household purchasing power and consumer demand.
The Minister reaffirmed the government’s commitment to inclusive growth through targeted social support and announced a national mass savings plan to mobilise investment from citizens and businesses. “Nigeria is shifting from latent potential to rising opportunity,” he said, calling for stronger Federal-State-private partnerships to drive sustainable growth.
With its strategic location, infrastructure upgrades, and investment-friendly policies, Imo State is poised to become a regional hub for economic activity.
The Federal Government invites investors to explore opportunities in Imo State and across Nigeria as it works to build a more prosperous future.