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Otti Unveils Abia’s Investment Frontiers, Describes State as Gold Mine of Opportunities
Otti Unveils Abia’s Investment Frontiers, Describes State as Gold Mine of Opportunities
Abia State Governor, Dr Alex Otti, has identified Agriculture, Solid Minerals, Oil and Gas, Information Technology, and Trade and Commerce as key investment frontiers in the state, describing Abia as a gold mine of economic opportunities.
Governor Otti made this known on Sunday, while commissioning OXVERA Hotel, a privately built hospitality facility in Umuahia, the state capital.
The Governor said Abia offers considerable prospects for profitable investments, urging local and foreign investors, particularly Abia indigenes living outside the state, to take advantage of the emerging opportunities.
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He said his administration had made significant progress in creating an enabling environment for businesses to thrive and was now focusing attention on industrial development and employment generation.
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Governor Otti urged wealthy Abia indigenes to look homewards and invest in productive enterprises, stressing that establishing industries remains one of the most effective ways of creating jobs for the growing population of young people.
“Sometimes we pay so much attention to foreign investment and there’s nothing wrong with foreign investment.
“I call on our brothers from Abia North, Abia Central and Abia South to seriously look home.
“It is only in investing and setting up industries that we’ll be able to create jobs for our young ones, and a lot of them are coming out from school in their numbers”, he added.
Providing an indication of the investment interests the state was attracting, Governor Otti disclosed that Presco had proposed a $200 million investment in Abia for the establishment of a palm-related industry.
He explained that his administration’s commitment to infrastructure development, security and an improved business environment was designed to position the state as an attractive destination for local and international investors.
The Governor also highlighted the growing prospects in the hospitality industry, disclosing that the state was expecting international hotel brands, including Radisson Blu in Aba and Hilton in Umuahia.
He said the arrival of more international hospitality operators would stimulate competition, raise service standards and provide customers with better choices.
The Governor congratulated the proprietor of OXVERA Hotel on the investment, describing private sector participation as important to the state’s economic development.
Also speaking, the Chief Executive Officer of OXVERA Hotel Limited, Chief Ozioma Nnanna, said the improving business environment under the Otti led administration inspired his decision to return home and establish the hospitality facility.
He called on Abia indigenes living outside the state and other prospective investors to return home and explore the opportunities, assuring them that investing in the state would be worthwhile.
In their goodwill messages earlier, the member representing Ikwuano/Umuahia Federal Constituency, Hon. Obi Aguocha, and the Labour Party candidate for Abia North Senatorial District, Chief David Ogba Onuoha, commended Governor Otti for creating an enabling environment that had continued to attract investors to the state since 2023.
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