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Home Agriculture

Excited About Improved Ease Of Doing Business, German Govt, Investors Storm Enugu

Afrimarknews by Afrimarknews
August 13, 2024
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Excited About Improved Ease Of Doing Business, German Govt, Investors Storm Enugu
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The government of Germa­ny has expressed its eager­ness to strengthen economic cooperation with the govern­ment and people of Enugu State, especially in the areas of agriculture, energy, trade and investment.

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The industrial giant said that it chose Enugu State as one of its three business and investment destina­tions in the entire southern Nigeria given its findings on improved ease-of-doing-business under the Dr. Peter Mbah administration and affirmation by the Nigerian media.

The German government spoke through its Consul General, Mr. Weert Börner, who led a delegation of the German business commu­nity and the German Cor­poration for International Cooperation (GIZ), on a working visit to Governor Peter Mbah at Government House, Enugu.

Börner said the visit was in continuation of discus­sions that started in Lagos in 2023 on increasing German cooperation with Enugu State in the aforementioned sectors.

“So, I am very happy to be here in Enugu City to increase and deepen our conversation on this cooper­ation. I am also very happy that the delegation with me is comprised of representa­tives of the DHK (Deutsche Handels Kompetenz), which is our chamber in Lagos for industry and commerce; GIZ, our international coop­eration agency and Siemens Energy, a private company that is already doing a lot in Nigeria to improve electric­ity and energy sector.

“We get a lot of news by the Nigerian media and through our own office that Enugu State and its own gov­ernment have improved a lot in the sense of structuring process to get business eas­ier done to improve the in­frastructural basis for joint engagement.

“We are actually very hap­py about this development. The German government de­cided to concentrate more on specific states within the Ni­gerian federal system. And those states from the south are Ogun, Abia, and Enugu states. So, this is why I am here to get our cooperation on a higher and more intense level,” the envoy stated.

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While appreciating the Germans for choosing Enu­gu State as one of their eco­nomic partners, Governor Peter Mbah said his admin­istration was very ready and willing to partner with German government and businesses.

Mbah emphasised that the $30 billion GDP target his administration set for itself, though high, was realisable through private sector in­vestments and internation­al cooperation, adding also that Nigeria’s much-needed economic growth could only come from the states, not the centre.

“I want to put on record our deep appreciation to you for selecting Enugu as one of the three southern states you want to partner with.

“We are really excited about this essentially be­cause though we are sub­national, our ambition and the goals we have set for our­selves are national in scale.

“We plan to grow the economy to a point that is unprecedented. If you look at the target, we set for our­selves to grow the economy from $4.4 billion to $30 bil­lion in the next seven years. It appears too ambitious be­cause you are talking about a seven-fold growth and you are looking at a compound­ed annual growth rate of 27 percent, but we think it is realisable because we are looking at unlocking a lot of the economic potentials of the state that have not been touched.

“So, before now, we have also been working very hard, preparing ourselves for a day like this because the economic growth of this nation will not come from top to the bottom. I have al­ways been an ardent advo­cate that growth will come from the periphery. It will come from the bottom-up,” he said.

The governor assured the German government and businesses of massive opportunities in the areas of agriculture, energy, trade and investment.

“We see agriculture as one of the major sectors that we can use to rapidly grow our economy. For us, agriculture is beyond food security.

“We are also putting together the Special Agro Processing Zones to meet up with our consumption and begin to package for lo­cal market and export. The ultimate goal is to be able to develop these produce into products, standardise them, and have them exported,” he stated.

By Our Correspondents

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