- Imo State receives $4 million (N6.8 billion) reward from World Bank for good governance and accountability.
- Imo State was one of four states in Nigeria to qualify for reimbursement under World Bank’s SABER program.
- State excelled in four key areas:
- Efficiency of Land Administration
- Regulatory Framework for Private Investment
- Services Provided by Investment Promotion Agencies
- Efficiency and Transparency of Government-to-Business Services
- Governor Hope Uzodimma’s administration prioritized efficiency, transparency, and accountability.
- Reward recognizes state’s hard work and commitment to progress.
- Funds will support infrastructure development, especially rural roads.
- Imo State’s investment promotion agencies strengthened to attract top investors.
Imo State has just received a huge reward from the World Bank – a whopping $4 million (approximately N6.8 billion) for its outstanding performance in promoting good governance and accountability in doing business within the state. This achievement is a testament to the state’s commitment to progressive governance, economic empowerment, and sustainable development.
According to Hon. Declan Emelumba, the State Commissioner for Information, Public Orientation and Strategy, Imo State was one of only four states in Nigeria to qualify for the reimbursement under the World Bank’s State Action on Business Enabling Reforms (SABER) program . The state excelled in four key areas:
- Efficiency of Land Administration: Streamlining land registration processes and boosting land-based investments through transparent governance.
- Regulatory Framework for Private Investment: Encouraging investment in fiber optic infrastructure.
- Services Provided by Investment Promotion Agencies: Strengthening agencies to attract top investors.
- Efficiency and Transparency of Government-to-Business Services: Fostering accountability in relationships with stakeholders.
Governor Hope Uzodimma’s administration has been working tirelessly to improve land administration, digital connectivity, and investment opportunities, making Imo State an attractive destination for investors . This reward is a well-deserved recognition of the state’s hard work and commitment to progress.
