https://www.youtube.com/watch?v=L6azcysXjvM?si=TO6oYDMnb0kYPY7V

Enyimba Economic City and Geometric AIPP are jointly financed by African Export Import Bank, Cairo, Egypt, at the back of each other. Geometric AIPP is the Bank’s recognised power partner for Enyimba Economic City, with which it has signed a 90MW Power Purchase Agreement (PPA) for the first phase of Enyimba Economic City. This momentous occasion therefore, not only signifies the launch of Geometric Power operation but also marks the significant step towards the take-off of $288.7 million, first phase of the project.

Enyimba Economic City is located in three local governments of Abia State, Ukwa West, Ukwa East and Ugwunagbo with growth sectors in Manufacturing, Logistics, Healthcare, Entertainment, Education, Innovation and Technology Hub, Commercial, Lifestyle Residential and Aviation.

The first phase of the project is 1,499 hectares of land that includes First Industrial Township and Logistics Park with Full Origin and Destination (OD) Inland Port connected by rail to both Port Harcourt and Onne seaports. On 14 November, 2023, the Board of Afreximbank approved $201.7million syndicated debt for the project with Afreximbank underwriting $150million. Currently, the loan legal documentation is ongoing.

The two (2) interstate highways that are vital for connectivity for the project, Enugu – Port Harcourt (200km) and Onitsha – Owerri – Aba (161km) are also concessioned to a consortium led by Enyimba Economic City Development Company FZE that includes CCECC Nigeria Limited (EPC), Escher Silverman Global, UK (Technical), Instatoll of South Africa (Operations & Management) and Afrinvest (WA) Limited (Financial). Route Survey, Redesign, Traffic Studies, Revenue Modelling, Willingness to Pay Studies, are currently ongoing on the roads. With the planned 82km highway from Azumini in Abia State bisecting the A3-Enugu Port Harcourt Highway to Obinze in Owerri, the intervention on the external connectivity makes Enyimba Economic City 90 minutes driving distance accessible to the 11 states of Southsouth/Southeast of Nigeria and connected to economic activities of the whole Nigeria. The intermodal logistics, road, rail, airport and seaports is also planned to make Enyimba Economic City a “global business hub in Nigeria” and African Continental Free Trade Agreement (AfCFTA) compliant.

It is noteworthy that Enyimba Economic City won the first prize of the Global New Cities Business Plan Contest of the Chartered Cities Institute in Washington DC in 2019, beating Black Stone Charter City in Australia to second prize and Novgorod New Hanse Town in Russia to third place, as a new city that has the capacity to transform the economy of the country. The award included a US$25,000 cash prize.

Enyimba Economic City Development Company FZE has started to build marketing teams by engaging zone marketing/FDI Companies in India (Crescendo Worldwide), China (Brilliance Co. Limited) and Nigeria (Commodities Development Initiative). There are a total 127 manufacturing leads from the three (3) territories currently.

The project is planned to be launched by Q2 of 2024.

Once again, congratulations to Geometric AIPP, their indefatigable Chairman, Prof Bart Nnaji and the Governor of Abia State, His Excellency, Alex Otti.

We pray for its success.

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Every igbo must double up , this Abia project must succeed and must be replicated in all the key cities in the 5 eastern states .

The handlers in Abia must be operating on very serious grace of God , this is beyond management skills

E be like say this Enyimba Economic City go bring plenty gbedu and owo for Abia state o, especially with the power and transportation infrastructure dem get. Una well done!

I am now very proud to have come from Abia state.

They should start already


There's no time otti

kettykin:
Every igbo much double up , this Abia project must succeed and must be replicated in all the key cities in the 5 eastern states .

The handlers in Abia must be operating on very serious grace of God , this is beyond management skills

The mandate that Soludo dropped at Ochanja market when he so thoughtlessly and unfairly declared thatthe monday sit at home must end in 2022 has been picked up by Dr Alex Otti.........soludo resented his birthright and Alex otti don pick am up! Only very spiritual discerning people will understand what is happening in Alaigbo! It is 100% SPIRITUAL !!!

This is the power of vision. Thanks to Barth Nnaji and Ngozi Okonjo Iweala. Igbo are great race. Imagine what they could accomplish together instead of arbitrarily scattering their investment. Most Igbo investment should move towards Igbo land.

The same bank that financed geometric power is the same bank financing this city.

Commendable
With low federal presence southeast is doing well.