By Chinasa Ogbonna
The National President of the Manufacturers Association of Nigeria (MAN), Dr Ray Jacobs, has stated that previous government’s industrialization programmes failed because the private sector was not effectively involved in their implementation.
Delivering his keynote address at the Trade and Investment Forum organized recently in Owerri, Imo State, Dr. Jacobs challenged government to provide a credible and workable blueprint that will ensure adequate participation of the private sector.
He also urged the authorities to ensure the reduction of corrupt practices as well as provide adequate security and infrastructure for investments to thrive.
Dr. Jacobs, an indigene of Imo State, spoke on the “Process for Trade and Investment in Imo State: the need for public-private partnership”.
Also speaking at the forum organized by the Imo State government through the Trade and Investment Committee at the Imo Chambers of Commerce and Industry, the chairman of the occasion, Dr. Innocent Nzuma, said that Imo State constitutes a large market because of its position as a central link to Onitsha, Aba and Port Harcourt.
Dr. Nzuma predicted that Imo would become the industrial pride of the South East, taking into account the abundant natural resources in the state.
Dr. Nzuma, the managing director of Nzuma Group, Abuja, and a son of Imo, said that he is ready to accomplish the installation a 1,600 megawatt power generation plant at Egbema, as well as embark on agro business with his Ukrainian counterparts.
He also stressed private sector participation in the industrialization of the state.