Manufacturers, industrialists, miners, and agriculturists in Imo State under the umbrella of Owerri Chamber of Commerce Industry Mines and Agriculture (OCCIMMA) pushed for the Federal Government to carefully supervise the disbursement of the N75 billion intervention fund and ensure Imo state gets some dividends.
The Group campaigned for the construction of the new Bank of Industry office in Imo state to see that its members enjoy the services of the bank in the light of inclusivity and national development.
The President of OCCIMMA Tony Amadi speaking to newsmen explained that members of the business body received news of the mammoth N75 billion intervention fund by president Bola Tinubu last year. He stated that members of the business body have been unable to benefit from the fund due to the absence of a BOI Office in the state.
“As the umbrella body that represents the organised private sector operators in Imo State, OCCIMA welcomes this facility as timely and transformative. Already, our members are being mobilised to apply for this BoI facility and position themselves to expand their operations, create jobs and contribute to the country’s economic growth. However, we are constrained by a critical challenge, which is the absence of a BoI office in Imo State.
“The establishment of a Bank of industry office in Imo will lessen the burden of entrepreneurs and reduce the cost of doing business because of the single digit interest rate and long tenure of the loan facility.”
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Mr Amadi commended the state governor Hope Uzodinma for new road infrastructure in the state stating that it has opened up the state to business opportunities.
Additionaly he called for stakeholders in the state’s business community, development agencies, traditional institutions and the media to join hands in promoting and expanding the overall business climate in the country.
