Business A.M
No Result
View All Result
Friday, March 27, 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

Okorocha owed Imo pensioners N57bn – Ihedioha

by Admin
June 6, 2019
in Nigeria Frontier Markets

…disarticulated a thriving economy

 

ROCHAS OKOROCHA, IMMEDIATE past governor of Imo State, owed Imo pensioners for 77 months amounting to N57 billion, newly sworn-in governor, Emeka Ihedioha said in Owerri the state capital.


Recall that several thousands of aged pensioners protested at different occasions in the state capital Owerri, demanding the payment of their arrears of pensions. Many of them have died without receiving their paltry retirement benefits.
In the same vein, the entire civil servants in the state went without their full salaries for many years.
Governor Ihedioha, who described Okorocha’s government as eight years of maladministration marked by policy inconsistencies, disregard for rule of law and dis-articulation of a thriving economy, which chased away investors from the Eastern Heartland state, with an estimate gross domestic product (GDP) of $18 billion.
The new governor said the immediate past administration exhibited lack of transparency and due process in land administration, confiscating people’s lands, expropriated the state’s commonwealth, supervised a mind-boggling decay of critical public infrastructure, and left a crippling debt burden without meaningful infrastructural or institutional developments He vowed that “those who plundered our commonwealth will be held accountable. Our administration would be forward looking, and not embark on any witch-hunting.”
The former deputy speaker of House of Representatives in the 7th National Assembly, warned further: “Those who held positions of authority must prepare to render account of their stewardship to the people because our resolve to hold their feet to the fire of probity and accountability is iron-clad.”
Ihedioha spoke of his grand plan to run an all-inclusive development-based administration, and reeled out a number of policy directions that touch every sector of the state, including running an e-government and making Imo a smart state, where the people would join and benefit from global trends in information and communications technology (ICT).
He said he would deploy internet broadband connectivity across the state, where people should have access to the latest technologies and innovations to provide development solutions, which would improve their socio-economic wellbeing and competitiveness.
The governor said he would completely rejig the educational system of the state, scrapping the Okorocha much touted “free education,” that ended up denigrating the state’s educational performances to the nation’s bottom 10.
On trade and investment, Ihedioha said he would revive the Imo Investment Promotion Agency to drive and anchor investments in the state; improving the state’s ‘ease-of-doing-business’ which shamefully ranked 34 out of 36 states.
On oil and gas, for which the state is blessed with abundant reserves, the new governor said that “we shall take full advantage of the Asa North Gas Development project at Ohaji, a multi-billion-dollar investment of the Shell Petroleum Development Company (SPDC).
“We are committed to setting up a Petroleum Industrial Park, where oil and gas related businesses will be domiciled. This park will be provided with necessary facilities to make it functional,” he said.
He would also revive the Onitsha Road Industrial layout, as well as set up another Light Industrial park to take care of other aspects of industries and commercial concerns.

Admin
Admin
Previous Post

Govt introduces general sales tax in Imo

Next Post

Jos Main Market: Resuscitating a city’s commercial hub

Next Post

Jos Main Market: Resuscitating a city’s commercial hub

  • 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

Geometric Power suffers first blackout in 60 days amid gas disruption

Nigeria energy deficit: Nnaji, Geometric Power founder, asks FG to go back to PPAs

March 27, 2026
Google advances Search with multimodal AI expansion across global markets

Google advances Search with multimodal AI expansion across global markets

March 27, 2026
Pepsodent targets 50 million Nigerians in nationwide oral health campaign 

Pepsodent targets 50 million Nigerians in nationwide oral health campaign 

March 27, 2026
Africa defies global private capital downturn with 8% deal growth in 2025

Africa defies global private capital downturn with 8% deal growth in 2025

March 27, 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
  • Insurance-fuelled rally pushes NGX to record high

    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

Geometric Power suffers first blackout in 60 days amid gas disruption

Nigeria energy deficit: Nnaji, Geometric Power founder, asks FG to go back to PPAs

March 27, 2026
Google advances Search with multimodal AI expansion across global markets

Google advances Search with multimodal AI expansion across global markets

March 27, 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