Governor Hope Uzodinma of Imo State has disclosed that the State would soon receive $120million from the Federal Government to fund its livestock programme.
In an Independence Day broadcast to the people of the State on Friday, Uzodinma said that Imo was one out of the seven states approved to benefit from the $850 million set aside by the Federal Government for the special agricultural processing zone livestock farming project.
He also disclosed that the State would be benefiting from the $1.4bn facility secured by the Federal Government for urban and rural water development.
According to the Governor, President Muhammadu Buhari had also approved the conversion of Otamiri river into a dam capable of powering a 10Mw plant.
He said that the project, which is a fallout from the balloon driven underground technology commissioned by President Buhari in September, would help generate electricity and improve water supply in the State.
Vice-President Yemi Osinbajo would be visiting the State on October 15, during which he would be administering a N12 billion empowerment programme to the private sector, he stated.
Traders, artisans and vulnerable farmers were expected to benefit from the empowerment programme, Uzodinma said.