UMUAHIA, Abia State — Governor Alex Otti has expressed Abia State’s readiness to partner with Stanbic IBTC Holdings on infrastructure funding, small and medium enterprise development, and other key projects aimed at accelerating the state’s economic transformation.
The governor made this known during a meeting with the management team of Stanbic IBTC in Umuahia, where he highlighted the state government’s commitment to leveraging private-sector partnerships to address critical infrastructure gaps and stimulate economic growth. He noted that the partnership would focus on road construction, healthcare infrastructure, education, and other priority sectors.
Otti also emphasised the importance of supporting small and medium enterprises, which he described as the backbone of the state’s economy. He expressed confidence that collaboration with Stanbic IBTC would provide the necessary financial and technical support to help businesses thrive and create employment opportunities for the teeming youth population.
The Stanbic IBTC delegation, led by its Chief Executive Officer, commended the governor for his administration’s development initiatives and expressed the bank’s readiness to partner with the state government. The CEO noted that the bank’s expertise in infrastructure financing and SME development would be deployed to support the state’s developmental agenda.
Governor Otti assured the delegation of the state government’s commitment to creating an enabling environment for investment and partnership. He reiterated his administration’s determination to transform Abia State into a hub for commerce and industry.
The partnership is expected to unlock significant investments in infrastructure and support the growth of small businesses, which are critical to the state’s economic development. The governor expressed optimism that the collaboration would yield tangible results and improve the quality of life for residents across the state.
