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Enugu State Setting Standards For Investment Under Governor Mbah – Budget Minister…

newsonspotadmin by newsonspotadmin
January 16, 2025
in News
Reading Time: 4 mins read
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Dr. Peter Mbah

Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has commended Enugu State Governor, Dr. Peter Mbah, for the deliberate commitment of his administration to creating a sustainable business environment for investors, saying that the state was already on the right trajectory of investment and development.

Newsonspot reports that this was even as the Ambassador of Austria to Nigeria, Thomas Schlesinger, lauded the eco-friendly business environment, which he said motivated the Austrian development partners and investors to invest in the state.

The minister, who was on a working visit to Enugu alongside the Austrian Ambassador, to inspect some of the projects executed by the country’s development partners, as well as select facilities implemented under the Nigeria COVID-19 Action, Recovery and Economic Stimulus (NG-Cares), expressed satisfaction with the prudent and responsible use of the funds in executing the projects.

While congratulating Mbah on the successful hosting of President Bola Tinubu and the commissioning of some of the landmark projects by the governor earlier in the month, the minister expressed optimism that more projects would be completed and commissioned.

He stressed that his visit was necessitated by the need to inspect the European Business Park and the Austrian Eco-Social Market Economy Programme located at the Godfrey Okoye University where young entrepreneurs are trained, with their services outsourced in Europe and other developed countries. He said that he also inspected NG-Cares Basic Services Projects at Enugu-Ngwo, Amagu Akaegbe Ugwu and Obeagu-Uno water schemes.

“We visited 5 Local Government Areas today, namely Enugu East, Udi, Enugu North, Nkanu West and Enugu South, and all the women we met there were dancing and sent their regards. They were dancing for a good reason because you underscored the development. We visited your massive waterworks at 9th Mile delivered in 180 days.

“We’re so impressed given that the mandate of the Ministry is to appraise programmes that can either be expanded, replicated or serve as proof of consent. We are quite impressed. Apart from what we saw, we saw the practical education; we saw the outsourcing in practice and we saw partnership with the university and the bakery.

“But more than that, we saw the enthusiasm of a development partner, the Austrian Government, that appreciates that to share prosperity, you must be partners. And what we saw is a real partnership. It wouldn’t have been possible without the cooperation, leadership and guidance of Enugu State. So we must say a big thank you on behalf of all of us in the Ministry of Budget and Economic Planning,” the Minister added.

Senator Bagudu also noted that Enugu State under the Mbah Administration was one of the top performing states in the utilisation of the NG-Cares funds, promising that the state stood to benefit immensely from the new phase that was being negotiated by the ministry.

He called on investors across the globe to see Enugu State and Nigeria in general as an environment receptive of businesses with high returns on investments.

“We want investors. We want people who will come to our country and make money. Our country is a haven for those who want to make money and we want to partner with them through the instrumentality of those with whom God blessed us with, such as yourself,” he added.

On his part, the Austrian Ambassador described the administration of Governor Mbah as not only business-friendly but also inspiring entrepreneurial growth among the populace.

He maintained that the state possessed the ideal condition for training of young entrepreneurs, who could outsource their skills, adding that the Austrian Government was open for partnership with Nigeria on mutual grounds that will foster development.

Reacting, Mbah argued that Nigeria could only attain its development trajectory, create wealth and eradicate poverty through a shift from the federal to the sub-national development orientation.

He said the federal government had already started beaming light towards the recommended state-to-centre development approach through the series of reform initiated by the President Tinubu Administration, maintaining that the federal government was already treating the state governments as partners in progress to be able to touch lives.

Mbah, who underscored that development waits for nobody, said the state has the capacity to absorb high skills investment across various sectors with bankable projects that can yield good returns-on-investment.

The governor said some of the interventions undertaken by his administration were deliberate attempts to lift people out of poverty by creating employment opportunities, raising better living standard and ending open defecation in the state through urban and rural water projects.

“Our development model is grassroots-based. If you take for example what our intervention in the education sector which we described as a cut-off point, we are building 260 brand new Smart Green Schools across the 260 wards. The Smart Green Schools; it’s not just about the infrastructure like the blocks which are over 7000 classrooms in total, but it’s about the features. The fact that it will finally ensure that our children have access to quality learning and they are imbued with the right skill-set required to deal with the rapidly shifting world.

“We are not only bullish about sustainable development but also inclusive prosperity, which is also what we are doing in the primary healthcare sector, with 260 Type-2 Primary Healthcare Centre. We hope to accomplish them before our second anniversary. It is also not about the structure, but making sure they are well-equipped. I have just approved the recruitment of 2,500 healthcare personnel to make sure they are well-staffed and provide 24/7 services,” he added.

According to him, the administration was also intervening in the agriculture sector through the construction of 260 farm estates to boost and upscale production across all the electoral wards, each having at least 200 hectares of land.

While adding that the farm estates will help in the training of small holder farmers with the right crops to grow, and other facilities that would ensure zero post-harvest losses, the governor urged the minister to pay special attention to Enugu State in terms of intervention that would boost micro, small and medium enterprises.

Tags: Ambassador of Austria to NigeriaAustrian Eco-Social Market Economy ProgrammeDr. Peter MbahEnugu State GovernorEuropean Business ParkGodfrey Okoye UniversityNewsonspotNG-CARESNigeria COVID-19 ActionNigeria’s Minister of Budget and Economic PlanningPresident Bola TinubuRecovery and Economic StimulusSenator Abubakar BaguduThomas Schlesinger
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