Business is booming.

FG to provide Imo $120m for livestock farming programme

Governor Hope Uzodinma of Imo state has disclosed that the state will soon receive $120million from the federal government to fund its livestock programme.

In an independence day broadcast to the people of the state on Friday, Uzodinma said the state was one out of the seven states approved to benefit from the $850 million set aside by the federal government for the special agricultural processing zone livestock farming project.

He added that the state would also be benefiting from the $1.4bn facility secured by the federal government for urban and rural water development.

According to the governor, President Muhammadu Buhari had also approved the conversion of Otamiri river into a dam capable of powering a 10Mw plant.

He said that the project, which is a fallout from the balloon driven underground technology commissioned by President Buhari in September, would help generate electricity and improve water supply in the state.

He added that the Vice President, Prof. Yemi Osinbajo would be visiting the state on Oct. 15, during which he would be administering a N12 billion empowerment programme to the private sector.

Uzodinma stated that traders, artisans and vulnerable farmers were expected to benefit from the empowerment programme.

” As you will recall, just a few weeks ago, President Muhammadu Buhari was in our state to commission four strategic projects executed by my administration.

“It is indeed my pleasure to inform the good people of Imo that we are reaping bountiful benefits from the President’s recent visit.

“Such benefits include the approval for the installation and conversion of Otamiri River to a dam, capable of powering a 10 megawatts plant that can generate electricity when completed and help improve water supply in the state.

” This, as you know, is a fallout from the Balloon driven technology underground tunnel which Mr. President commissioned.

” In a few weeks, the Vice President Prof. Yemi Osinbajo will be coming to Imo, precisely on Oct. 15th, to administer a N12billion empowerment programme to the private sector.

“Imo traders, artisans and the vulnerable are expected to benefit from this massive empowerment. This is a direct benefit from the presidential visit,” he said.

NAN

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