Business A.M
No Result
View All Result
Wednesday, March 11, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Nigeria Frontier Markets

Imo communities gain as ISOPADEC releases N114m for Waltersmith-backed projects

by Admin
January 21, 2026
in Nigeria Frontier Markets
By Dikachi Elemba, in Owerri 
In line with the  transparency and open door policy of  Charles Orie, managing director and chief executive officer of the Imo State Oil Producing Areas Development Commission (ISOPADEC), the commission has released N114 million counterpart fund for the electrification of some parts of Ohaji by Watersmith Petroman Limited for the execution of projects chosen by  people of the affected communities in Ohaji.

 

Prior to the release of the money, the critical stakeholders from all the affected  communities held series of meetings where it was resolved that the money should  be  channelled to  other projects that will help in  alleviating the sufferings of the people since the oil companies operating in the areas have taken over the electrification of the communities.

 

In fulfilment of one of the  projects chosen by Assa/ Obile communities, a security patrol vehicle was provided for the  Nigeria Police Force to be used for the effective patrol of Assa and Obile communities.

 

Emmanuel Assor,  the Eze of Assa autonomous community, who handed the patrol vehicle over to the Imo State police commissioner through the  divisional police officer, Ohaji, thanked  Governor  Hope Uzodinma for releasing the money and assured the governor of the total support of Ohaji people.

 

He also thanked Charles Orie, CEO, ISOPADEC,  for the good leadership qualities he exhibited in making sure that the money gets directly to the real owners, and said that he would ensure that all the projects for which the money was meant for are executed.
Orie,who was represented by Bethel Nwosu, urged the police to effectively deploy the vehicle for security duties in Assa and Obile communities, and assured  police of the full cooperation of ISOPADEC.

 

The commissioner of police, represented by the DPO of Ohaji  Mba, thanked both Orie and  Eze Assor for their gesture, and promised that the police would use the vehicle effectively.

 

Projects chosen by other communities, which  ranged from water projects, security post building, had all been started with the indigenes of the affected communities being used as the contractors.

 

It is worthy to note  that all the contractors executing all the projects, which the WaterSmith fund is being used for,  are indigenous contractors from the communities where the projects are sited  and were all nominated by the communities.
Admin
Admin
Previous Post

YouTube backs 2 Nigerian firms to boost Africa’s creative economy

Next Post

ITU puts total global internet users at 4.9 billion

Next Post

ITU puts total global internet users at 4.9 billion

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

March 11, 2026
Oil eases on geopolitical dialogue signal

IEA mulls historic oil release to calm markets

March 11, 2026
SEC mulls phased adoption of ISSB standards to woo investors to Nigeria

SEC launches FinTech clinic to align innovation with investor protection

March 11, 2026
Otunola to lead Mexico’s first consulate presence in Lagos

Otunola to lead Mexico’s first consulate presence in Lagos

March 11, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Oyo targets 500 MW energy generation by 2027

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

March 11, 2026
Oil eases on geopolitical dialogue signal

IEA mulls historic oil release to calm markets

March 11, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M