Thu, 26 Jan 2023


Enugu’s $30bn Economy: Mbah Woos German, Danish, Other Foreign Investors
By: Cletus Sunday Ilobanafor
Sun, 27 Nov 2022   ||   Nigeria,

As part of his develop­ment plans to build the Enugu State gross do­mestic product (GDP) from the current $4.4 billion to $30 billion, the governorship can­didate of the Peoples Democratic Party (PDP), Dr. Peter Mbah, has reached out to investors from Ger­many, Denmark, Austria and oth­er European countries to consider bringing down their businesses and investing in the huge market existing in the state.
Mbah made the overtures at the official opening of GoUni-Eu­ropean Business Park and Centre for Practical Skills at the Godfrey Okoye University, Ugwuomu Nike, a skills acquisition and vocational training centre for students and youths.
He promised the investors that his administration, if elected, would enable a business friendly environment by de-risking in­vestment flow, clearing the legal hurdles and other extraneous bottlenecks that endanger invest­ment prospects and providing a one-stop-shop for documentation and other permits.
The industrialist, who reiter­ated his determination to grow the state economy exponentially through technology, skills acqui­sition and vocational training cen­tres, said these would be largely private sector-driven and enabled by flexible policy incentives.
Mbah stressed that the estab­lishment of the business park and centre for practical skills were in tandem with his development plans for the state, noting further that his plan is to work in syner­gy with lawmakers for a proactive and dynamic legislative frame­work that would make it compul­sory for every child that attains the age of 12 to commence the acqui­sition of one or more skills and by age 18, become mentally, skillfully and physically equipped to create wealth for themselves.
While assuring of his read­iness to partner the centre for training of youths in different skills and vocations that would add to the economic growth of the state by creating jobs, the gov­ernorship hopeful insisted that all opportunities must be explored for productiveness.
He stated that the idea behind the centre had justified his driv­ing philosophy that “tomorrow is here” by hastening those factors that serve as catalysts for develop­ment and economic growth.
According to him, “the estab­lishment of the centre of practical skills and the business park direct­ly cut into our development plans for the people of Enugu State.
“Our goal is that in the near future, this practical skills centre and indeed the European Business Park will constitute one of many hubs for enlargement of small and medium size businesses.
“So, what you have done by the establishment of this prac­tical skills centre is on all fours with our development plans and indeed consistent with our strate­gy to lead a public sector enabled but private sector driven economic growth.”
Assuring the investors of his commitment to make the state the preferred destination for in­vestment, business, tourism and living, Mbah maintained that the ‘Made-in-Enugu’ products that would serve both domestic and for­eign markets and would address the problem of unemployment, eradicate poverty, and also create opportunities for investors to ex­plore other areas such as the new energy and mineral resources sec­tor his soon-to-be administration would be exploring.
These, he said, included huge deposits of lime stones, ironstone, gypsum, alum, glass sands, clay minerals, coal, in different parts of the state.
The oil and gas mogul, while sharing ideas with the European business community, re-echoed his background as one coming from the private sector who un­derstood the pain business owners go through to start up and sustain their businesses.
He said his experiences had prepared him with the right tool to dislodge all the barriers that frustrate investment through friendly legislation, e-governance, accessing of title documents with­in one week from the comfort of their homes and offices, since his key mission is to attract as many investments as he can to the stat



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