What are Imo State's industrial policy priorities?
Answered by Adaure AI from official Imo State records · last updated
The major industrial policy priorities for Imo State are to tackle unemployment, diversify the state's economy, enhance climate resilience, and boost the living standards of Imolites (Imo State Industrial Policy, p. 43). These priorities are guided by a philosophy of shared prosperity and Africapitalism, with the vision of making industries work for all people in the state (Imo State Industrial Policy, p. 10).
Sources
The passages this answer was drawn from.
Imo State Industrial Policy, page 43
“42 | IMO STATE INDUSTRIAL POLICY | SEPTEMBER 2022 POLICY PRIORITIES The underlying philosophy is to build the State’s competitive advantage, to broaden the scope of industry, and to accelerate expansion of the manufacturing sector. The policy shall adopt both direct and indirect approaches to promoting industrialisation. The direct approach identifies sectors where the State can truly win and dominate, based on an as…”
Imo State Industrial Policy, page 10
“shared prosperity in line with the philosophy of Imo people and the strategic focus of the Imo State Government. Therefore, following the tenets of Africapitalism – a new economic philosophy for the sustainable development of Africa – and the strategic interests of the Imo State Government, the vision for the Industrial Policy is articulated as: “Making Industries Work for All Imo People (aka Imolites)’. This approac…”
Imo State Industrial Policy, page 42
“• Accelerate the profitable expansion of existing MSMEs along the value chains, and ensure that transitions from micro to small enterprises, small to medium enterprises and medium to large enterprises are smooth, thereby enabling them to increase their contribution to GDP and employment generation. The strategic objectives of Imo State Industrial Policy are focused on attaining the following: • Creation of a conduciv…”
Imo State Industrial Policy, page 41
“access to local and international markets for goods and services are established. POLICY THRUST The thrust of Imo state Industrial policy is focused on the utilisation of domestic resources in which the State has comparative advantage and competitiveness. The policy aims to reduce the cost of doing business and promote inclusive and sustainable industrial development, sustainable entrepreneurial opportunities, qualit…”
Imo State Industrial Policy, page 6
“Imo State, the current administration, led by H.E. Distinguished Senator Hope Uzodinma, Executive Governor of Imo State, is intensely pursuing the 3R agenda of reconstruction, rehabilitation and recovery towards the accelerated sustainable economic growth and development of the State. This industrial policy (IP) designed with the technical assistance of the United Nations Industrial Development Organisation (UNIDO) i…”
Imo State Industrial Policy, page 7
“6 | IMO STATE INDUSTRIAL POLICY | SEPTEMBER 2022 sustainable entrepreneurial opportunities, quality jobs and trade surplus. The thrust of the IP is to utilise domestic resources in which Imo State has comparative advantage and competitiveness. The policy also aims to reduce the cost of doing business, promote inclusive and sustainable industrial development, sustainable entrepreneurial opportunities, quality job crea…”
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