HomePoliticsFDI Boost Expected With FG Economic Policies, Says Enugu Gov

FDI Boost Expected With FG Economic Policies, Says Enugu Gov

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Enugu State’s governor, Peter Mbah, is confident that the Federal Government’s economic measures will stimulate increased Foreign Direct Investments on a national scale.

Mbah shared this insight during a conversation with journalists after his visit to the Aso Rock villa in Abuja to meet with President Bola Tinubu.

While recognizing the immediate challenges posed to citizens by actions like the removal of fuel subsidy, he praised the Federal Government’s economic policies as bold measures crucial for the nation’s troubled economy, foreseeing significant long-term benefits for the citizens.

He said that the visit was ‘Essentially to commend the president because a lot of things that he is doing at the national level are also rubbing off well on us at the state level – policies like the unification of the foreign exchange rate. What that simply means is that you are going to have a lot of FDI coming in, and we are also going to benefit from that.’

‘As you may have also noticed, we are doing a lot, trying to attract investors to Enugu State. And the fact that we now have the ease of investors bringing in their money and also being able to repatriate it as a result of the unification of the foreign exchange rates would largely rub off positively on Enugu State.’

The governor also said that the Enugu State Government was pushing for the construction of the cargo terminal and completion of the international wing of the Akanu Ibiam International Airport, Enugu, through collaborations with the FG.

Read also: Enugu Open For Business – Mbah During Meeting With Tinubu

‘There is a couple of things that we have promised our people to do in Enugu State, which requires that we collaborate closely with the federal government in order to achieve them.’

‘Enugu is largely the capital of Igboland. So, we want to build our cargo terminal. We also want to ensure that the international wing of our airport is operational.’

‘So, the idea is to engage with the federal government to ensure that we get all the required permits and licenses and make sure that we have an enhanced logistics hub to be able to attract the sort of investments we need. Therefore, I have essentially come to felicitate the president and enjoin that we continue to collaborate,’ he said.

The governor stressed that Enugu was set for investment, saying the issue of sit-at-home and the attendant insecurity were already adequately dealt with.

‘The sit-at-home thing is gone. We no longer have a sit-at-home in Enugu State, and I dare say in the South East. In our state, we have workers go to work on Monday and the schools are open on Monday. Business and economic activities are back. So, what we are dealing with now is to erase that sad memory from our history.’

‘Therefore, we have relatively enhanced security situation in the zone and Enugu State, and we are calling on those who want to invest in the zone to please come in. Enugu State is open for business,’ Mbah assured.

The Eastern Updates 

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