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Anambra steps up tempo in industrial production

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ANAMBRA State Government says it will continuously focus on designing strategies to improve industrial production.

Gov Willie Obiano stated this in Agulu when he received a team of the International Finance Corporation and the World Bank on a tour of industrial clusters in the state.

The team from the International Finance Corporation is visiting Anambra and six other states to assess challenges facing local industries with the view to address them through development financing.

Among the major impediments to industrial productivity as highlighted by some producers were inadequate power supply, high electricity tariff and poor access to low interest funds.

Chief Obiano who was represented by the deputy governor of the state, Dr NkemOkeke said his administration shared the same vision with the corporation on economic growth through development financing.

Obiano emphasised that the state government was looking forward to a robust partnership that would improve the living conditions of citizens through realizable plans.

The Country Director, International Finance Corporation, IFC, Mr Ibrahim Dikko Adamu applauded the steps taken by the state government to create an enabling environment to enhance economic production.

Mr Adamu explained that the visit was critical to boosting the productive capacity of industries and pledged the support of the corporation in tackling issues confronting industrial production in the area.

The Secretary to the State Government, Professor Solo Chukwulobelu, noted that the visit underscores the critical role played by development lending in promoting private- public sector businesses.

The Managing Director of Anambra State Investment Promotion and Protection Agency (ANSIPPA) Mr Jide Ikeakor said the ideas generated would help in boosting development in the area.

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