GTB 737 banner Yudala banner

Enugu witnesses major breakthrough in Investment drive

By Advocate News Nigeria on 08/09/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 558

Mrs Cecelia Ezeilo
Mrs Cecelia Ezeilo

…partners Chinese Firms on Industrial Hub

 
Enugu State Government Friday witnessed a major breakthrough in its efforts to attract foreign investments in the state, with the presentation of a N300 million cheque to three communities of Ogwofia Owa, Enugu Eke and Akama Oghe by Lion Business Park Limited as compensation for the economic crops and structures on the 2000 hectares of land acquired for the development of the Lion Business Park industrial project in partnership with Chinese partners under the coordination of the company.
 
The Lion Business Park industrial project is a bold initiative of Gov. Ifeanyi Ugwuanyi’s administration, designed to create a manufacturing and integrated industrial hub in Enugu State and the South East geopolitical zone at large and facilitate Chinese manufacturers’ entry into the state to feed the Nigerian and African market through the existing sales channels of Onitsha and Aba in partnership with Nigerian business organizations.
 
Presenting the cheque, Gov. Ugwuanyi who was represented by his deputy, Mrs. Cecilia Ezeilo, stated that the project was in line with his administration’s determined efforts to attract direct foreign investments to the state, disclosing that the State Executive Council approved and signed a Memorandum of Understanding (MOU) with the group of Chinese Investors for the establishment of the Industrial Market, to be known as Lion Business Park.
 
The governor commended the company for the prompt fulfillment of the compensation aspect of the MOU and also expressed gratitude to the people of the three communities “for their wonderful understanding, partnership and cooperation in the entire process”.
 
Gov. Ugwuanyi appreciated the massive benefits that the Industrial Market will bring to the economy of the state, saying that it will stimulate investment inflow in diverse sectors of the economy and create a huge economic value chain that would engender employment as well as production and availability of “much needed goods and services”.
 
He reassured the foreign partners and all potential investors of the government’s resolve to sustain the business-friendly environment that currently exists in the state, stressing that “Enugu State is indeed ready and open for business”.
  
He equally thanked the state Ministry of Commerce and Industry, members of the land acquisition steering committee and all those who assisted in ensuring a successful acquisition of the land as well as the enumeration and evaluation of the economic trees on it.
 
In his remark, the Chairman of Lion Business Park Limited, Dr. Okechukwu Mbonu commended Gov. Ugwuanyi for his “great vision in making Enugu State a West African industrial hub”, saying that the company is only complementing what his administration has already started in the state.
Dr. Mbonu assured the governor of the foreign partners’ determination to actualize their mandate in a record time, thanking the host communities for the support and understanding.
      
In his opening address, the State Commissioner for Commerce and Industry, Barr. Sam Ogbu-Nwobodo disclosed that the event was “a major breakthrough geared towards the full actualization of the investment vision of the present administration of His Excellency, Rt. Hon. Ifeanyi Ugwuanyi”.
 
Barr. Ogbu-Nwobodo noted that the project was an outcome of the 2016 Oganiru Enugu State Investment Summit that thrives on the existing trade cooperation between Nigerian business organizations and their foreign counterparts especially from China for the purpose of furthering their mutual interests.
      
The commissioner stated that the state government’s vision “is to create a conducive and profitable environment for Chinese companies to produce in Nigeria ahead of other countries and to enhance strong and enduring bi-lateral ties between the Peoples Republic of China and the Federal Republic of Nigeria”.
 
While thanking Gov. Ugwuanyi for his firm commitment to investment promotion in the state, the commissioner stated that the milestone achievement was in keeping with the governor’s inaugural address that his administration “will drive with full force investment promotion…’’ and “provide the necessary legal and policy framework to make investment thrive in the state”.
 
Barr. Ogbu-Nwobodo said that the remarkable feat recorded towards the commencement of the project in the state was the fruit of the governor’s “focused and genuine commitment to the rapid industrial and general economic development of the state”, borne out of his deep devotion to the welfare of the people of Enugu State.
 
He added that the governor’s interactive sessions with the Traditional Rulers, Presidents General of the various communities and most importantly, about fifty-one indigenous Professors from the area, during the process of acquiring the land were “quite engaging and productive”.
 
According to the commissioner, “this ingenious and unprecedented approach made the entire acquisition exercise very smooth. The governor gave the entire process a human face, demonstrating very clearly that his government is that of the people, for the people and by the people – which is the hallmark of democracy.
 
“Following this noble example, the committee actively engaged the entire communities in a transparent and honest way, with community visitations, town hall meetings and several other meetings, all aimed at sensitizing the people of Ogwofia owa, Enugu Eke, and Akama Oghe communities of the socio-economic importance of the investment, which attracted them to support this critical industrial development.
 
“This achievement we are witnessing today is one of the remarkable impacts in the life of this administration, which have ushered in enduring peace and good governance in the state backed by vision, unprecedented infrastructural development, innovation, fiscal discipline, transparency and other structural and institutional initiatives, aimed at driving massive investment inflow into the state’s economy”.

Posted 01/10/2017 03:11:09 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Nigerian govt refutes rumour its medical outreach programme...

Anambra: INEC releases 37 candidates for Nov poll...

Ekweremadu’s Foundation doles out N38.5 million in Scholarship...

Order Attorney-General to bring me back to Nigeria...

Ekweremadu, Ugwuanyi applaud FG on 41Km Enugu-Ebonyi Road...

IPOB: Police planted arms recovered from Nnamdi Kanu’s...

Nnamdi Kanu’s lawyer reveals who will produce IPOB...

5.5bn foreign loan: APC slams PDP for opposing...

Quit notice: Kaduna Govt obtains bench warrant against...

Buhari’s government full of lies, propaganda – Jonathan...

COMMENTARY ON IKEOHA FOUNDATION ADULT LITERACY DAY AND...

Senate to meet Buhari over IPOB

 

Latest News I rejoined PDP because of Ugwuanyi's good works, says APC chieftain N2bn fraud: Arrest ex-pension boss now, Sagay, Falana tell Buhari Policeman breaks electricity worker’s leg for disconnecting ex-IG’s house Nnamdi Kanu is in Abaribe’s custody, FG tells court Nigerians trust Buhari’s govt, Presidency replies Jonathan Buhari’s government full of lies, propaganda – Jonathan Boko Haram ambush Army commanding officer’s convoy, kills six Osinbajo reveals amount Buhari’s government has spent on 2nd Niger Bridge Atiku’s partner, Volpi breaks silence on Intels’ face-off with Buhari’s govt Tagbo;s Death: Davido's men confess Gov. Ugwuanyi has united political leaders in Enugu, says Sen. Nwobodo 2019: APC has failed on campaign promises, Nigerians are suffering – Jonathan

 

Most Read Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (2,020 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (1,535 views) ASUU strike: Senate intervention ends in deadlock (1,480 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (1,253 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (953 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (918 views) Buhari has disappointed Nigerians – Arewa Youth Forum (873 views) Anambra: INEC releases 37 candidates for Nov poll (700 views) Chime not owner of Enugu Mall – Spar (645 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (642 views) Gov. Ugwuanyi injects N165m for rehabilitation of Ajali and Oji River Water Treatment Schemes (633 views) Order Buratai to produce Kanu Dead or Alive, Kanu’s Lawyer tells Court (581 views)

 

SECTIONS EDITORIAL (3) POLITICS (26) SOCIETY (8) SPORTS (0) BUSINESS (22) HEALTH (4) EDUCATION (6) INTERNATIONAL (3) ENTERTAINMENT (0) TECHNOLOGY (0) COLUMNISTS (0) LETTERS (0) OPINION (2)

 

 

Julius Agwu - Crazy Interview Demands