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Governor Peter Mbah of Enugu State has assured American and other investors that the state is safe for business and investment with government’s recent deliberate policies at enabling the ease of doing business and strengthening of institutions.
Mbah, who urged investors to consider investing in Enugu’s huge investment opportunities with promise for high return on investment, during his address, yesterday, to a global business audience in Houston, Texas, United States (U.S.), organised by Fidelity Bank with the theme ‘Fidelity International Trade and Creative Connect (FITCC)’.
Addressing over 700 delegates and investors, including representatives of AFREXIM Bank, USEXIM Bank, Houston Port Authority, Houston Airport Authority, Woodland Chamber of Commerce Houston, Nigeria investment Promotion Council (NIPC), Central Bank of Nigeria (CBN) and a host of other global investors, in a speech entitled ‘Enugu State is Ready to Deal: Investment Opportunities and her Compelling Competitive Advantages’, Mbah said his administration had already set the trajectory that would make the state the most attractive environment for both local and foreign direct investment in motion.
Represented by the Managing Director/Chief Executive Officer, Enugu State Investment Development Authority (ESIDA), Dr. Sam Ogbu-Nwobodo, the governor disclosed that policies that would make the business environment most friendly in terms of transparency, accountability, traceability and liberalisation had been activated, adding that more investors had started indicating interest in the state.
He further shared insights on the ongoing transformation agenda of his administration and market investment potential, enabled by strong institutions that would not only protect investors but also guarantee their investments.
“Our administration adopted an integrated sector-based productivity growth strategy. This strategy is designed to shift economic focus away from low productivity activities to sectors with the greatest potential for growth. Prioritising sectors that hold latent comparative advantage will ensure that we meet our $30 billion Gross domestic Product (GDP) target through accelerated competitiveness and industrialisation,” he added.
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