Chief Eze Madumere, Deputy Gov. of Imo, on Wednesday said that Gov. Rochas Okorocha’s value chain-based economy was key to building a virile economy aimed at driving an affordable price system.
Madumere said this in an interview with the News Agency of Nigeria (NAN) in Abuja.
He was commenting on ways of reducing price of goods in the market.
He said that the APC led government of Imo had succeeded in converging manufacturers to tap into the rich human and material resources in Imo to the advantage of its citizens.
‘’We have attracted investors, especially in the manufacturing sector to add value to our abundant raw materials, putting them into finished products and sell to the consumers at a very cheap and affordable prices, to reduce poverty and recession.
‘’This will, to a large extent, attract foreign exchange for our people in the state, thereby creating wealth and jobs,’’ Madumere said.
The Deputy Governor, who applauded the administrative capacity of Gov. Okorocha, said that the success was made in synergy with investors.
He said that there were so many imputes in testing the soil with the knowledge that it was productive before the introduction of the value chain economy.
According to him, only a value chain economy has the magic wand to take any state or economy out of recession.
The Deputy Governor said Imo’s economy was stronger and better under Okorocha because of huge investments in security.
‘’Never in the history of Imo has the state been very safe until under Okorocha’s administration, hence the economic stability.’’
Madumere, who said that there were plans to transform Imo Airport into a cargo carriage standard, added that the state had recorded tremendous change and development.
He congratulated President Muhammadu Buhari on his surgical but steady transformation of Nigeria’s economy, saying that the future was bright.
The deputy governor expressed confidence in the APC led Federal Government, which according to him, has all that are required to stabilise the economy. (NAN)
IMO/IA