Anambra govt, World bank to support Moribund Industries in the state

| April 15, 2019 | 0 Comments

THE Anambra State government has initiated measures to assist and revive ailing and moribund industries in the state.

To this end, it played host to International Finance Corporation of the World Bank who toured some major industries in the State.

Staff of Anambra State Investment Promotion and Protection Agency, as well as the Ministry of Trade, Commerce, Market and Wealth Creation, were part of the visit.

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The Industry Tour went to Sab Miller Brewing Company, Dozzy Group, Pokobros Group among others at the Industrial Harbour in Onitsha.

While the tour lasted, some moribund equipment were seen in some of the industries even as some industries still show prospects of a brighter future as they have room for expansion.

Speaking during the tour, the Managing Director and Chief Executive Officer of the Anambra State Investment Promotion and Protection Agency, ANSIPPA, Mr Jide Ikeakor said that the visit was necessary as a way to ascertain remote and immediate challenges of Industries in the State with a view to address them and boost production.

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Mr Ikeakor who said that the Anambra State government is poised to give helping hands to businesses in the State where necessary added that the International Finance Corporation, IFC has expressed appreciable commitment to partnership and engagement with Industries in the State, expressing optimism that actions will follow suit.

The Country Director of IFC, Mr Ibrahim Dikko Adamu hinted that they are on a fact-finding mission to the State so that the findings of their reports will be keyed into for Industrial growth, as it is their intention to search out issues affecting industrial production.

Mr Ibrahim Adamu concluded that the World Bank and IFC will do what it can to boost industrial output and production in the State.

The Chairman, Chief Executive Officer of Dozzy Group of Companies, Sir Daniel Chukwudozie who spoke about issues confronting industries in the State to include power, funding and infrastructural challenges, stressed that government intervention is highly desirable.

The Chairman of Pokobros Group of Companies, Chief Paul Okonkwo, while expressing optimism that the IFC intervention would see the light of the day, lamented the high rate of interest from local banks, saying that prompt assessment of funds from the IFC will go a long way to enhance industrial revolution in the Country.

Also part of the visit was the Commissioner for Trade, Commerce, Market and Wealth Creation, Dr Christian Madubuko, the Private Sector Specialist of World Bank Group, Mrs Anita Okemini, the Executive Director of Anambra State investment promotion and protection agency, Dr Ifediora Amobi, among others.

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