Imo State Governor, Senator Hope Uzodinma, has made a significant commitment to support the expansion of NOVA Bank within the region. During a ceremony on 22 December 2025, the governor promised to allocate a prime piece of land for the bank's permanent regional headquarters in Owerri. This pledge followed the official commissioning of NOVA Bank's new flagship office in the Imo State capital.
Governor's Endorsement and Strategic Vision
The event drew a crowd of government officials and prominent business leaders from both the South-East and South-South geopolitical zones. Governor Uzodinma lauded NOVA Bank as one of the intelligent early adopters seizing new economic opportunities in the area. He specifically commended the financial institution's blend of physical and digital banking services, noting that this hybrid model fits perfectly with the state's own push for technology-enhanced governance and commercial activities.
"In recognition of NOVA Bank’s vision and long-term commitment to the region, the Imo State Government will allocate a befitting piece of land in a choice location for the development of its permanent South-East/South-South Regional Headquarters," Governor Uzodinma declared.
NOVA Bank's Expansion and Economic Goals
Phillips Oduoza, the Chairman of NOVA Bank, addressed the gathering, framing the Owerri office as a crucial step in the bank's nationwide growth strategy. He emphasized that Owerri is far more than just another branch location.
"Owerri is not just another location for us; it is a flagship hub and a launchpad for deeper market penetration across the region, reflecting our strong confidence in its economic potential," Oduoza stated.
He further outlined the bank's core objectives for the region, which include providing robust support to small and medium-sized enterprises (SMEs), retail businesses, and larger corporate clients. This support will be delivered through advanced digital infrastructure and cutting-edge financial products.
Expected Impact on the Region
The establishment of a permanent regional headquarters is anticipated to yield substantial benefits for the local economy. Key expected outcomes include:
- Job creation through direct employment and ancillary services.
- Improved access to credit and financial services for businesses and individuals across the two regions.
- Strengthening of Owerri's position as a growing commercial and financial nerve center in Southern Nigeria.
This move by NOVA Bank signals a strong vote of confidence in the economic future of Imo State and the broader South-East and South-South zones, promising to foster greater financial inclusion and entrepreneurial growth.
