The Abia State Government, under the leadership of Governor Alex Otti, has reaffirmed its commitment to fostering a business-friendly environment aimed at attracting local and foreign investments. This initiative is part of the state's broader economic development strategy designed to unlock opportunities for growth and support entrepreneurs across various sectors.
In a recent stakeholders' meeting, Deputy Governor Engr. Ikechukwu Emetu emphasized that the government is dedicated to creating an enabling environment that will stimulate economic diversification and sustainable development. "This meeting marks a significant milestone in our collective journey towards improving the ease of doing business in Abia State," he stated.
The state’s commitment to enhancing its business climate is reflected in the 2025 budget, which allocates 82% of its total expenditure to capital projects. This strategic investment aims to bolster infrastructure, healthcare, education, and other critical sectors, thereby creating a conducive atmosphere for business operations.
Governor Otti's administration has also introduced the Business Enabling Reforms and Action Plan (BERAP), which seeks to improve collaboration between government agencies and the private sector. The initiative aims to streamline processes and reduce bureaucratic hurdles that often hinder business activities.
"Abia State is open for business," Governor Otti declared in his New Year address. "We are ready to provide every necessary support to genuine investors who seek to establish their operations in any part of the state." This proactive approach includes ongoing partnerships with financial institutions, such as the recent ₦10 billion funding initiative with the Bank of Industry aimed at empowering small and medium enterprises (SMEs).
Additionally, significant infrastructure projects are underway, including the groundbreaking of the Abia Medical City Project and improvements in road networks that will enhance connectivity and accessibility for businesses. These developments are expected to create job opportunities and stimulate local economies.