/ Aug 15, 2026
/ Aug 15, 2026

Imo govt warns business owners to open from Monday or risk shutdown 

Published on

By

Imo State Commissioner for Trade and Investment, Simon Ebegbulem, has decried what he described as a colossal damage to Igbo businesses across the Southeast in the last couple of years.

He warned that the state government would shut down businesses, including banks that failed to open for businesses from Monday.

Addressing a world news conference in Owerri yesterday, Ebegbulem extolled the strides of the Governor Hope Uzodimma administration, saying the governor had continued to bring development and deliver on the dividends of democracy to the people in the last close to four years.

He likened the Monday sit-at-home campaign across the Southeast to a poisonous arrow, noting that it was designed to impoverish the masses.

He said the government had rolled out palliatives for the people from across the 27 local governments, to cushion the effect of fuel subsidy removal and its attendant challenges, ahead of further intervention by the Federal Government.

Read Also:

Sit-at-home: Simon Ekpa under fresh threats as police kill four enforcers

Ebegbulem said Governor Uzodimma had directed relevant agencies to review stocks’ availability and start responding to the plight of the people, particularly those in the most vulnerable category.

“Governor Uzodimma has drawn up plans and distributing palliatives. We ascertain that the most vulnerable at the moment are PLWDs. Because they are the ones that go out to beg or do some menial jobs in order to put food on their table. This is across the 27 local governments.

“Each beneficiary will go home with 10kg of rice, 12.5kg of beans, 10kg of maize, spaghetti, salt, seasoning and other essentials. Besides, high discount pavilions will be opened all around, to allow people buy essentials, at subsidised rates,” he said.

You May Like

One thought on “Imo govt warns business owners to open from Monday or risk shutdown 

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Nasarawa State Governor Abdullahi Sule at the signing of a $2 million supplementary lithium agreement with Chinese investors in Abuja.

Governor Sule seals $2m Lithium deal with Chinese Firm

Nasarawa State Governor Abdullahi Sule has presided over the signing of a $2 million supplementary lithium agreement between the state government and Diamond New Energy, following his recent visit to China.   The agreement was signed at the Nasarawa State Governor’s Lodge in Abuja on Friday, August 14, 2026. Sule said the deal would help keep the company’s lithium processing factory operational while protecting jobs created by the investment. > “We are going to keep your factory functional, and we also have an interest as license owners in whatever you are doing in your company. More importantly, the people you have employed will remain employed,” the governor said. According to Channels Television, the governor said the state moved quickly to secure the relevant mining licence to ensure continued access to raw materials and prevent another party from obtaining the licence. The Commissioner for Environment and Natural Resources, Margaret Elayo, expressed appreciation to the investors and said the partnership could encourage further investment in Nasarawa. The signing was witnessed by officials from the state Ministry of Justice, Ministry of Environment and Natural Resources, the Nasarawa State Investment Development Agency (NASIDA), Diamond New Energy and Ganfeng Lithium Industry Limited. Sule also urged the company to maintain peaceful relations with host communities and contribute to their development. He disclosed that payments due to the state under the agreement would be made in foreign currency directly to Nasarawa Mining Company Limited, with the terms subject to periodic review. Agreement builds on 2024 mining deal NASIDA Managing Director and Chief Executive Officer Ibrahim Abdullahi said the state government had signed an exclusive mining cooperation agreement with the company in 2024. He said the partnership had contributed to the completion of what he described as the largest lithium processing refinery in West Africa. The supplementary agreement allows the continued supply of lithium materials from the state government’s mining block to serve as feedstock for the refinery. Abdullahi said the arrangement was expected to create further employment opportunities for young people and women in Nasarawa. He added that the state would receive $2 million immediately upon signing, with additional revenues expected under the agreement. A representative of Diamond New Energy, David Siong, said the company remained committed to expanding its operations in Nasarawa, including local processing of resources, job creation and supporting economic development in host communities. The Attorney-General and Commissioner for Justice, Isaac Danladi, also presented copies of a deed of assignment transferring the mining rights and interests of Nasarawa Mining Company within 3.5 mining cadastral units in Endo, Nasarawa Local Government Area, to Ganfeng Lithium Industry Limited.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.