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Edo 2024: ADC Candidate Pledges to Break Cycle of Economic Stagnation

opera.com 3 days ago

According to a report by Vanguard, the African Democratic Congress (ADC) candidate for Edo State, Mr. Osarenren Derek Izedonmwen, has vowed to break the cycle of economic stagnation that has plagued the state.

"The vision for Edo State is clear—transform the state into a beacon of economic resilience through strategic investments in Agriculture, Industrialisation, and Infrastructure, all underpinned by an unwavering commitment to Security," Izedonmwen declared.

According to the ADC candidate, this comprehensive approach will not only stabilize Edo's economy but also serve as a model for the rest of Nigeria.

However, he stressed that the realization of these plans demands the "right leadership" - leaders who are deliberate, focused, and steadfast in their pursuit of rapid development.

"Edo needs leaders who are not merely content with understanding 'what' needs to be done but are adept at knowing 'how' to execute these plans effectively," Izedonmwen said.

To achieve this vision, the ADC candidate outlined several key strategies. First, he emphasized the importance of securing lives and investments as the highest priority.

By leveraging sufficient resources and innovative technology, Izedonmwen aims to create a safe environment that encourages farming activities, pacifies urban areas, and attracts foreign direct investment (FDI).

Secondly, the ADC candidate's plans for the agricultural sector involve rapidly improving the productivity of family-based farms through affordable credit, technology, modern farming methods, and targeted government incentives.

Additionally, he pledged to transform agricultural produce into value-added products, creating a sustainable agro-based economy that feeds into the state's industrial sector.

On the industrialization front, Izedonmwen vowed to set up processing and manufacturing industries in Edo State, which would create a demand for diversified agricultural products and attract more people into farming.

This sector, he said, would thrive on the infrastructure developed, ensuring that products made in Edo reach local and global markets efficiently.

Regarding infrastructure development, the ADC candidate promised to focus on improving roads, power, water supply, and other utilities, not only enhancing the quality of life for the people but also attracting investments that fuel further industrial activities.

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