WHY INVEST IN IMO STATE
Imo state has natural endowments in solid, liquid and gaseous mineral resources as well as agro-based raw material needed for industrial processing. The State Government has put in place policies and programmes aimed at creating enabling environment for investments. Hence the Government welcomes investors to this sector.
Other investment opportunities that exist in the state include construction, communication, information technology, transportation, financial services, hospitality, real estate, arts, entertainment and recreation, industry and manufacturing (oil and gas exploration, chemical plants, brewery plants, hydroelectric plants, gas-fired power plants, grain mills, starch production, cashews, fruit and vegetable juice concentrate production, integrated multi-oil seed processing plants, ceramics, palm produce industry).
Imo state occupies a strategic location as the Heartland of the Eastern Region of Nigeria with Owerri as its capital. The state enjoys proximity to many of the neighbouring states' metropolitan markets including Portharcourt, Onitsha, Enugu, Abakiliki, Yenegoa, calabar and Uyo.
Imo state has an International Cargo Airport in Owerri, and access to seaports of Portharcourt and Calabar. Our state offers a cost-competitive advantage for investors seeking out new growth opportunities in Nigeria and Africa at large.
Government incentives and support include:
● Favourable Investment Climate
● Cost Competiveness
● Supportive Government Policies
● One Stop Shop to all government bodies
● Fast Track Licensing and Issuance of all necessary permits
● Tax Incentives
● Easy repatriation of Profits
● Land with basic infrastructure
● Government-backed security
● Access to Finance
● Access to information
Other Incentives are:
Imo State has a stable and resilient democratic political environment. The State is rated the most peaceful State in the Federation of Nigeria with robust democratic processes.
Imo State has a population of 4.8 million people: The State’s proximity to neighbouring States’ metropolitan markets of Port Harcourt in Rivers State, Aba in Abia state, Onitsha in Anambra State, Enugu, Akwa Ibom and Cross River States, makes it the most attractive for investment.
NETWORK OF ROADS:
All the important commercial centers mentioned above are connected to Imo State by well developed network of good roads
Imo State prides itself with adequate provision of security for lives and property. The State is rated the best in Security by the Federal Government.
ROBUST PRIVATE SECTOR:
Imo State has a robust private sector propelled by industrious and enterprising citizens, with accumulated private capital for joint venture enterprises in transportation, hospitality industries, manufacturing, and Information Technology.
Imo State Government has industrial layout schemes by which potential investors are allocated land on which to site their industries.
Imo State has abundant supply of skilled and unskilled cheap labour.
The State Government has land areas mapped out for industrial clusters to house various categories of artisans, and trades.
Imo State has a busy International Cargo airport – Sam Mbakwe airport, located in a serene environment, with Inland Container Depot.
Imo State has a hospitable and clean environment with immense potential for tourism and hospitability industries.