Business Economy of Imo State




 Imo Business

Main Economic Activities

ECONOMY
The State is blessed with abundant natural resources. These include crude oil, lead, zinc, white clay, fine sand, limestone and natural gas in commercial quantities. The state also produces agricultural produce such as palm produce, cocoa and rubber. The main staple crops are yam, cassava, cocoyam and maize.

Learned professionals, entrepreneurs and seasoned artists also abound in the state. Works of art produced in the state include: carved doors, walking sticks of different designs, sculptures, flutes, wooden mortars and pestles, gongs, and the famous talking drums. Metal works and various types of fabrications are locally produced. Some art & cultural centers include: The Mbari Cultural Center at Owerri, Eke Nguru in Aboh Mbaise and lgwekala shrine in Umunoha are traditional art and craft centers that depict the culture and heritage of the lgbo.

Industries include Fuason Industries, Owerri, which produces galvanized iron sheets, the Afrik Enterprises, Awo-Omama, a pharmaceutical company, Imo Concord Hotel, Owerri. Industries that had been partially privatized include card packaged Industry, Orlu, Resin Paints Limited, Aboh Mbaise and Aluminium Extrusion Industry, Inyisi. Industries in the private sector include Sab Spare Parts and Allied Accessories, Okigwe, which make motor-spare parts, Oma Pharmaceutical, Awomoma, which produces drugs and medicines, Magil Industries Atta, which makes steel, sponge, bread, polythene and paper.

Economic trees like the iroko, mahogany, obeche, gmelina, bamboo, rubber palm and oil palm are in abundance.

TOURISM

There are many traditional festivals observed in the State. Each community has different festivals celebrated in honor of ancient deities or to mark an important event in the history of the area. There are different festivals to usher in the harvest season, the most popular being the Ahiajoku Festival, which is observed in all the farming communities.Traditional music and dances include Abiigbo, Ekpe, Ikoro, Okonko, Mmanwu, etc.



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