Governor Mbah Committed To Making Enugu Investors’ Top Choice
Enugu State Governor Peter Mbah has reaffirmed his administration’s commitment to de-risking the business environment in order to secure return on investments (ROI) for businesses in the state.
The governor gave the assurances when he welcomed the management team of Globus Bank Ltd., led by the MD/CEO Elias Igbinakenzua, to his office. They had paid him a courtesy visit after the bank’s branch opened on Tuesday in the state capital of Enugu.
“First, I wish to express our profound gratitude to you for commissioning your branch in Enugu State today. This is another major milestone for us, for, as we have always said to the investing public, Enugu State is open for business. So, I am using this opportunity to call on those who are still sitting on the fence to come over immediately.
“We promised to move Enugu from a public sector to a private sector-driven economy. But as I have always maintained, businesses are not Father Christmas. They are not philanthropies.
They come to a location because they know there will be returns on their investments. And that is what we pledge to do.
“So, it is for us to do everything we can to de-risk the environment to ensure return on investments. Whether it is in terms of providing the enabling environment, providing the safe and secure environment, making sure that you have the basic infrastructure and that we help and work with you to succeed, we are ready to play our part”, he stated.
Mbah claimed that a different financing model, rather than relying on revenue from Abuja, would be necessary to fund the scope of the vision he articulated during the campaign, which included increasing the state’s Gross Domestic Product (GDP) by seven times, from $4.4 billion to $30 billion, building 10,000 km of roads, and constructing 260 integrated smart schools.
Igbinakenzua, MD/CEO of Globus Bank, stated that the bank was particularly drawn to the governor due to his commitment to business climate de-risking and private sector growth.
The MD said the company has commissioned its 30th branch, partnering with the governor’s ambitious plans for the state, including 10,000km of roads and 260 smart schools, to support these initiatives.
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