Returning to this matter of localised development, is there anything stopping Nigeria's five Igbo governors from coming up with a South East Industrial Development Plan that looks like this

Ayo Akinfe

[1] We are going to make Aba the fashion manufacturing capital of the world. All tailors in southeast Nigeria must be offered access to interest-free loans from the Nigerian Bank of Industry to enable them expand their businesses

[2] All the five states of the southeast geo-political zone will join forces to float a finance house called Ogbunigwe Bank. It will hand out loans to small businesses with a maximum interest rate of 5%.

[3] Every year, at least 200 Abriba and Ohafia cobblers will be sent to China to be trained on modern shoe production. The aim is to build the world’s largest shoe and leather accessories factory in Aba that eventually supplies the global mass market as well as all the major brands including the likes of Gucci and Luis Vuitton

[4] We will float a geo-political zone holding company called Isiagu Enterprises. Each state will pay 5% of the revenue it generates into this common fund. It will then be floated on the Lagos, New York and London stock exchanges as part of a plan to make it a global conglomerate

[5] We will pursue the likes of Pfizer and AstraZeneca to build the world’s largest pharmaceutical plant in Orlu. Every year, at least 500 local people will be trained as pharmacists at a special Nigerian Pharmaceutical University in Orlu. They will then register their chemists as a chain of stores called Orlu Pharmaceuticals that is vertically integrated to this factory. That way, we can trace the origins of every single drug in Nigeria

[6] Nnewi will be home to the world’s largest car engine factory. Aggressively pushed by the Anambra State government who will hold a 15% stake in the venture, a holding company will be created between Innoson and international automobile companies like Nissan, Peugeot, Volkswagen, Renault, Toyota etc. It will aim to manufacture at least 1m engines and gear boxes a year

[7] Isiagu Enterprises will commit to building five crossings across the River Niger. At least three of them will be rail links. we will also built a 1m long acquarium across the River Niger

[8] Isiagu Enterprises will also commit to dredging the River Niger up to Onitsha with the aim of building the world’s largest inland port. It will be Africa’s largest cargo port. Isiagu Enterprises will also undertake to dredge Ikot-Abasi and Calabar ports so they can take big ships like Apapa. Rail links will then be constructed linking them with the rest of the country

[9] Isiagu Enterprises will lease land in states like Taraba, Niger, Borno and Kaduna with the aim of growing cash crops to fuel its industries. Ambitious targets will be set for agricultural output with the aim of quadrupling the production of cash crops like palm oil, yam, cassava, maize, kolanuts, cashews, etc. Nigeria must grow every raw material it uses in its food processing business

[10] Isiagu Enterprises will introduce the world’s most humane corporate social responsibility contract that will fund education and infrastructure development in the host communities where it operates. For instance, if it is sourcing leather from Dapchi in Yobe State for its shoe processing factory, Isiagu Enterprises will fund the construction of a primary school there

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