NLNG Corporate Teamwork banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

Why we embarked on Enyimba Economic City project — Gov. Ikpeazu

By Felix Nwadioha on 11/03/2018

Gmail icon

Views: 828

•Governor Ikpeazu
•Governor Ikpeazu

Abia Government says it is building a multi-million naira Enyimba Economic City that will industrialise and boost the economy of the state.

Gov. Okezie Ikpeazu made this known when he briefed heads of media houses in the state at the Abia Government Lodge, Aba, on Sunday as part of efforts to industrialise the state since he assumed office in 2015.

“This project is very close to my heart and I am passionate about it. Abia Government is building Enyimba Economic City.

“It is sitting on 9,000 hectares of land. We have committed over N10 billion to the project and we are shopping for sponsors,” he said.

He said the state government was not making much noise about the project because “we have our target to industrialise Abia and we must get there”.

On the moribund Golden Guinea and Ceramics industries, the governor said that previous administrations sold the companies, including the Enyimba Hotel, Aba.

Ikpeazu said that in spite of the concession; the state government was doing all it could to bailout and re-vitalise the companies.

He said that the state government had assisted Mr Peter Nzenwa, the new owner of the brewery to secure Bank of Industry facility.

On modern ceramics, he said that it was concession to Catholic Diocese of Umuahia, who took a loan of N250 million to rehabilitate and revitalise the company.

“As I speak, that facility has accumulated to N1.5 billion interest. We have approached the court to pay and exit the church from the Shylock facility.”

He said that after exiting the church from the debt, the state government would like the church to explore its Italian connection to make the company functional again.

On teachers’ salary, he said that there was only two months gap, adding that before the end of 2018 those gaps would have been completely filled.

Ikpeazu said that Abia had the highest workforce of 30,000, adding that 70 per cent of the workers were in the ministry while others were in the parastatals.

He explained that his administration inherited a monthly wage bill of N2.7 billion, noting that it had been reduced to N2.1 billion.

The governor said ICPC adjudged the state government as the best manager of the Paris Club Refund because it deployed 71 per cent of the cash inflow to workers’ salary. (NAN)

Source News Express

Posted 11/03/2018 9:26:37 PM





You may also like...
Senate clears the air on Buhari’s dropped nominee...

Senate to confirm Buhari’s 4 CBN nominees

NIPOST adopts 3 word addresses

Yobe man converts 13-year-old daughter to a suicide...

CCT orders Onnoghen’s arrest

Work stops on Second Niger Bridge

Airline operators task aviation minister to create jobs...

Senate to invite AGF Malami, others over $9.6bn...

Fashola, Ambode reconcile, agree to partner on electricity...

VP Nomination: Why we won’t congratulate Peter Obi...

Cultist rapes, beheads lady

Dickson warns against reduction of minimum wage •Explains...


Latest News Panic as lion escapes from Kano zoo Kidnappers seize Area Commander, demand N50m ransom Impeachment: Suspense in Kogi as judges avoid swearing in of new Deputy Governor How we were sexually abused in illegal Kaduna rehab centre — Victim SERAP demands probe of Senate, MDAs over employment slots scandal Nigeria’s oldest ex-prisoner dies 134 days after release Government summons fuel marketers over oil spillages on roads Alleged N259m Debt: Firm moves to wind up Aiteo Onitsha Inferno: I’m shocked that people paid to do a job abandoned it — Ohanaeze President-General •Ifeanyi Ubah raises traders’ hope Top Senate Republican Sees Trump’s impeachment trial as inevitable We are hungry, Nigerians cry out •Fault Agriculture Minister Unity school teachers lament hardship over salary arrears


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (551,983 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (447,775 views) Shameless Genevieve Nnaji exposes breasts in public (395,424 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (331,048 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (299,358 views) 10 cars more expensive than Jets (265,721 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (256,308 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (253,666 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (235,175 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (221,309 views) Lagos plane crash: Journalist releases victims’ names (198,788 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (195,959 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (105) Business & Economy (4,500) Business Verdict (85) Columnists (1,131) Complaints & Requests (96) Enterprise & Opportunities (218) Entertainment (692) Features (835) Global Business Monitor (468) ICT Monitor (66) International (4,096) Interview (204) Live Commentary (30) Love Matters (174) Maggie's Blog (452) News (52,869) Opinion (1,399) Pidgin (17) Politics (11,589) Religion (1,112) Sports (2,197) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera