The Peoples Democratic Party (PDP) in Imo State has criticized Governor Hope Uzodinma's administration following the state's poor performance in Value Added Tax (VAT) generation for the first quarter of 2025. According to recently released data, Imo ranked 35th out of 36 states, contributing just N2.34 billion to the federation account.

In a press release, PDP spokesperson Lancelot Obiaku described the dismal performance as evidence of "irrelevant economic policies" that have crippled the state's economy and stifled business activities.

Comparative Performance

The opposition party highlighted that Imo performed worse than all other Southern Nigerian states, falling significantly behind neighboring Anambra State (N10.73 billion) and Ebonyi State (N7.43 billion). Only Taraba State, with N2.33 billion, ranked lower in VAT contributions nationwide.

"VAT ratio reflects the economic activity and commercial strength of states and is directly proportional to the productivity level and health of an economy," the PDP statement explained, adding that Imo's poor showing mirrors "the comatose state of its business environment."

Hospitality Sector Collapse

Obiaku lamented that Imo, once Nigeria's premier hospitality destination, has seen approximately 70 percent of its hotels and entertainment businesses shut down due to insecurity. The party accused the governor of lacking a "coherent economic blueprint" to reverse the state's economic decline.

"How can the state economy improve when the Governor shows no genuine interest in developing the state by not living in the state even as a Governor? Uzodinma's refusal to actually provide governance has contributed to the insecurity ravaging the state," the statement alleged.

Local Government Funding Concerns

The PDP further accused Governor Uzodinma of centralizing control over resources meant for public services and stifling the autonomy of local government areas. According to their statement, the state government has received approximately N162 billion in LGA allocations over the past 16 months alone, with total receipts exceeding N500 billion over five years.

"Despite these substantial funds, Imo cannot boast of meaningful economy-stimulating projects," the party claimed, arguing that proper investment would have improved business conditions and VAT remittances.

The opposition party concluded by urging Governor Uzodinma to urgently develop "a robust economic policy" to begin reviving the state's struggling economy.