The Imo House of Assembly on Tuesday, commended Gov. Hope Uzodimma for securing $1.5 billion investment to the state, through the African Export, Import Bank (AFREXIM).

Mr Obinna Egu (APC-Ngor Okpala) in a motion sponsored at a plenary told the House that  the governor had finalised discussions for potential investments of  1.5 billion dollars with the AFREXIM Bank.

Egu further said that the investment was meant to accelerate economic growth, infrastructural development, and job creation in the state and the South East.

According to him, partnering with AFREXIM Bank will provide a unique opportunity and unlock the full economic potential of the state.

He urged the House to commend the effort of the governor towards  realisation of the state’s long term developmental aspiration.

Supporting the motion, Mr Francis Uzoma (APC Ohaji Egbema), said the investment would pave the way for businesses influx to the state.

“ It will also improve the quality of lives of people through job brought to the state,’’ he said.

Contributing, the Majority Leader of the House, Mr Kanayo Onyemaechi (APC-Owerri West), described the governor’s stride as laudable, adding that the effort would improve sectorial development and increase internally generated revenue.

After all contributions, the Speaker, Mr Chike Olemgbe (APC-Ihitte Uboma), ruled in favour of the motion that the House commend the governor for securing the investment.

He therefore, directed the Clerk, Mrs Chinelo Emeghara, to convey the House resolutions to the governor. (NAN)