A team of International Finance Corporation and the World Bank tour industrial clusters in the state to ascertain how to support their projects

THE Anambra State government says it will continuously focus on designing strategies to improve industrial production in the area.

Governor Willie Obiano stated this in Agulu, when he received a team of 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 a view to addressing 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.

Obiano, who was represented by Nkem Okeke, deputy governor,  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 realisable plans.

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

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.

Prof. Solo Chukwulobelu, secretary to the State government, noted that the visit underscored the critical role played by development-lending in promoting private-public sector businesses.

Jide Ikeakor, managing director of Anambra State Investment Promotion and Protection Agency, ANSIPPA, said the ideas generated would help in boosting development in the area.

– Apr. 5, 2019 @ 15:29 GMT |