In a recent address, the esteemed Governor of Enugu State, Dr. Peter Mbah, passionately appealed to both local and international members of the investment community to consider the vast array of investment opportunities that await them in Enugu State.
Mbah’s remarks were delivered during the prestigious Lagos Chamber of Commerce and Industry (LCCI) International Conference and Expo, held under the compelling theme of “Invest Nigeria.” The event took place on Tuesday in the vibrant city of Lagos.
The governor has provided reassurance to investors regarding the state’s commitment to mitigating investment risks and enhancing its business-friendly environment.
According to the individual, the state boasts a plethora of investment prospects in various sectors such as agriculture and agro-industry, logistics and aviation, tourism, real estate, mineral resources, and information and communication technology (ICT), among other areas.
Mbah, the esteemed leader, has expressed that his administration is centered around a transformative shift away from the conventional reliance on allocations from the Federation Account.
In a recent statement, he elaborated on the remarkable potential of the state, highlighting its strategic utilization of abundant human and material resources to drive future growth.
Enugu, a city in Nigeria, has recently announced its readiness to attract business investments. The local government is actively working to improve the ease of doing business in the region, aiming to create a more favorable environment for entrepreneurs and investors.
In a groundbreaking development, our nation’s land title processes have undergone a transformative upgrade, enabling the swift issuance of Certificate of Occupancy within an impressive timeframe of just 72 hours. This remarkable achievement is set to revolutionize the efficiency and effectiveness of our land administration system, streamlining the process for individuals and businesses alike.
The procurement processes for building approvals are set to undergo a comprehensive review with the aim of significantly reducing them, thereby enhancing overall efficiency.
In a groundbreaking development, our government has embarked on a comprehensive automation initiative aimed at enhancing transparency and streamlining public engagement. This transformative endeavor seeks to empower citizens by enabling self-service options and minimizing the necessity for direct interaction with government officials.
In a statement, the governor expressed the willingness to mitigate risks associated with business investments in crucial sectors. This would be achieved through various means, including facilitating access to land, developing essential infrastructure, and fostering positive relationships with local communities.
Mbah emphasized that his administration is actively forging alliances with the private sector to stimulate the capital market, foster investment inflows, and regain its position in both the domestic and global economic landscape.
In the realm of agriculture and agro-industry, it has been reported that the state is strategically positioning itself to capitalize on its well-established high factor productivity in certain crucial agricultural sectors. As part of this initiative, the state intends to expand its agricultural land by an additional 300,000 hectares.
According to Mbah, there are promising opportunities in the agricultural sector, particularly in the production of crops and animals. These opportunities include cassava, soybean, oil palm, and cashew. Mbah also highlighted that the global market size for cashew is projected to reach $7 billion by 2025.
In a recent statement, the individual highlighted that the Nsukka pepper from the state has emerged as a highly sought-after export product and a crucial ingredient for numerous spice brands in the industrial sector.
In a recent statement, the governor highlighted a significant finding from a survey, revealing that approximately 40 percent of air cargo entering Lagos has a final destination in the South East and South South regions. This revelation underscores the immense potential for lucrative investments in the fields of logistics and aviation.
Dr. Peter Mbah
In the realm of logistics and aviation, significant investments are being made to enhance the efficiency and seamlessness of transit in and around Enugu.
In a bid to enhance connectivity and bolster economic growth, the Nigerian government has announced its commitment to the development of a cargo terminal at the Enugu International Airport. This strategic move aims to streamline the direct receipt of cargo in Enugu, thereby fostering trade and commerce in the region.
In a groundbreaking announcement, the esteemed leader has unveiled his visionary agenda to bolster the state’s infrastructure. Among the ambitious plans, he has outlined a strategic blueprint to enhance the state’s light rail system, invigorate the thriving tourism sector, and foster advancements in the dynamic field of Information and Communication Technology (ICT). This forward-thinking approach is set to revolutionize the state’s transportation network, attract global visitors, and propel the region to the forefront of technological innovation.
In a recent statement, the individual highlighted ongoing efforts to collaborate with the Federal Government in order to attract potential investors for the extraction of natural gas, crude oil, and various valuable solid minerals including ironstone, zinc, lead, limestone, and kaolin.
In a statement delivered by Dr. Michael Olawale-Cole, President of the Lagos Chamber of Commerce and Industry (LCCI), the importance of macroeconomic stability in stimulating investments and bolstering the nation’s growth trajectory was emphasized.
According to Olawale-Cole, a crucial prerequisite for enhancing investment and fostering sustainable economic development lies in maintaining an unwavering political dedication to responsible fiscal policies and effective inflation control measures.
The current administration’s commitment to bolstering the manufacturing sector and supporting small businesses has been acknowledged, he pointed out.
In investment decisions, the ease and cost of doing business play a crucial role.
In recent years, Nigeria has made significant strides in enhancing its global standing with regards to the ease of doing business. Specifically, the nation has witnessed notable improvements in key areas such as the cost of initiating a business, navigating licensing procedures, and enforcing contractual agreements.
In a statement, the speaker emphasized the significance of enhancing regulatory standards and reducing market entry barriers as key drivers for stimulating investment and fostering economic expansion.
In a statement, the President of the Lagos Chamber of Commerce and Industry (LCCI) underscored the significance of a stable and predictable legal framework.
In a recent statement, it was emphasized that Nigeria must prioritize tackling poverty and inequality, while simultaneously focusing on strengthening the middle class and consumer market. Additionally, there is a pressing need to enhance the rates of return on investment and effectively harness the wealth derived from natural resources.
Source: Newsdairyonline.com
