Enugu State governor, Peter Mbah has invited German and international investors to explore the abundant opportunities in Enugu, highlighting the state’s investment-friendly environment.
Speaking as the guest of honor and keynote speaker at a dinner in Lagos hosted by Germany’s Consul General, Weert Bomer, to celebrate the 34th anniversary of Germany’s reunification, Mbah emphasized that Enugu offers significant business potential for foreign investors.
Mbah began his speech by acknowledging Germany’s remarkable economic, political, and social achievements since reunification, describing them as a testament to the power of unity and reintegration.
He then drew a parallel to Enugu’s history, noting the state’s prominence following the discovery of coal 115 years ago.
However, he emphasized that progress must be forward-looking, and that his administration is focused on reinvigorating Enugu’s economy and ensuring it remains relevant in a rapidly evolving world.
“When we campaigned for the people’s mandate, we committed to revitalizing Enugu’s socio-economic landscape,” Mbah said.
“Our vision is national in scope, with ambitious targets to reduce poverty to zero and grow Enugu’s GDP from $4.4 billion to at least $30 billion in the next four to eight years.”
To achieve these goals, Mbah explained, his administration has embarked on a comprehensive overhaul of government policies, prioritizing open governance and accountability.
This approach, he believes, builds trust with both citizens and potential investors, fostering a climate of transparency that encourages investment.
The governor also discussed the state’s efforts to reduce bureaucratic obstacles that have traditionally hindered growth.
This includes the digitalization of government services, such as land administration and revenue collection, to make doing business in Enugu more efficient and transparent.
“Enugu State is open for business, and we have implemented several laws to minimize the risks for investors. Our focus on creating an enabling environment for private capital is reflected in the numerous public-private partnership (PPP) projects underway in the state.”
In addition to economic reforms, Mbah highlighted his administration’s commitment to security, noting significant investments in technology and surveillance systems that ensure quick responses to crime and contribute to a safer environment for businesses.
The governor also shared plans for wide-ranging improvements in education, healthcare, water, and road infrastructure, all aimed at creating a well-rounded environment for investment and business growth.
“With its rich resources and ongoing transformation, Enugu is an attractive destination for German businesses,” Mbah concluded, stressing that the growing bilateral ties between Nigeria and Germany would further strengthen opportunities for collaboration.
