Governor Alex Otti has revealed that Abia State is now ranked among the top three investment destinations in Nigeria, trailing only Lagos and Abuja.
He made this announcement while presenting the 2025 budget, attributing the achievement to his administration’s focus on infrastructure development, security, and economic reforms.
“Abia State has become a key destination for foreign investments, and this is no coincidence. Our government’s commitment to rebuilding infrastructure, ensuring security, and implementing critical economic reforms is paying off,” Governor Otti stated.
READ ALSO: Governor Otti Presents Abia State’s 2025 Budget Of Sustained Momentum
Highlighting a major milestone, the governor announced the signing of a $120 million Memorandum of Understanding with a consortium focused on palm produce production, processing, and export. According to him, this project is expected to generate over 11,000 jobs, significantly impacting the state’s economy and addressing unemployment.
He further emphasized his administration’s financial discipline. “We have cleared all contractor debts inherited from past administrations, maintained a zero-debt profile, and are responsibly servicing existing debts. This is how we build trust and confidence with our investors and stakeholders,” Otti remarked.
The governor expressed optimism about the future, stating that Abia is on track to become a model state for sustainable development and economic prosperity.
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