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Umuahia Chamber of Commerce tasks Abians on local investment

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The President of Umuahia Chamber of Commerce, Industry, Mines and Agriculture (UCCIMA), Chief Chidi Nkem Aruoma has urged Abia investors living outside the state, particularly those from the Umuahia town to think of home as they conduct their businesses in this COVID-19 era.

Speaking in an interview on Sunday, Aruoma described Abia State as an investment-friendly state that is yet to tap its full investment potentials, pointing out that Abia investors can bring development and employment in the city if they bring back their wealth to the state.

He argued that there was no reason why small and medium enterprises should not thrive in a state like Abia where, according to him, the business climate has been made conducive by the Okezie Ikpeazu-led administration.

He threfore asked businessmen and women from Umuahia and its environs not to hesitate in returning home, saying if they conduct feasibility studies on how their business will grow in the town, it will go a long way in making such business prosper.

“Why must we go and develop other areas and leave our area to suffer industrially? Umuahia needs to have industries; Umuahia is an investment friendly place. Umuahia needs small and medium enterprises in its locality.

“We’re farmers, yet we find it difficult to produce enough due to lack of investment coordination. Why can’t we have investors in the areas of banking, agriculture and other related financial institutions?

“Why can’t we produce items that Umuahia would be identified with; things that people will come back and say yes, this is really made in Umuahia? We all talk of goods made other places with relish and forget ours”, he regretted.

According to him, with the building of infrastructure by the Okezie Ikpeazu government and improvement of the security situation, investors outside the state should utilize the opportunity and bring in their investments in order to make profit and by so doing attract development and create employment in the capital city.

 “What else do we need? His tax relief is good and favourable, couple with the friendly disposition of the people. Everything is being done to promote trade and commerce. We cannot be talking about attracting foreign investments when our people are not investing in our soil.

“Hotels and other tourism and  hospitality sub sectors are being developed, but we need to come here to build other sectors that will enable the tourism sub sector to thrive. This, he remarked, could be achieved by partnering with the state government and Umuahia Chamber of Commerce Industry Mines and Agriculture.

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