Governor Peter Mbah of Enugu State has called on German investors to capitalize on the state’s investor-friendly climate and growing economic potential.
Speaking as a guest of honour at a Lagos event hosted by Germany’s Consul General, Weert Bomer, to commemorate 34 years of German reunification, Mbah underscored the importance of fostering bilateral economic ties.
Mbah highlighted the achievements of a unified Germany as a model for reintegration and progress, urging international stakeholders to recognize Enugu’s readiness for business. He detailed his administration’s ambitious vision to grow the state’s GDP from $4.4 billion to $30 billion within eight years. This transformation, he noted, hinges on fostering trust, dismantling bureaucratic hurdles and enhancing security to attract private investments.
To achieve these goals, the governor said his administration, which came into office last year, has implemented significant reforms, including digitalizing governance processes, strengthening public-private partnerships and ensuring statewide security surveillance.
He emphasized that these measures make investing in Enugu a secure and profitable endeavour, particularly for German businesses exploring opportunities in education, healthcare, infrastructure and more.
Germany remains a significant partner to Nigeria, especially in trade and development cooperation. In 2022, bilateral trade between the two nations exceeded €3.5 billion, with Germany exporting machinery, chemical products, and vehicles, while Nigeria supplied oil and agricultural goods. Germany’s recent investments in renewable energy and vocational training programs in Nigeria further highlight the partnership’s potential.
Governor Mbah concluded by reaffirming his administration’s commitment to transforming Enugu into an economic hub while strengthening ties with Germany to unlock mutual growth opportunities. As Nigeria continues to position itself as a gateway to Africa, states like Enugu offer lucrative prospects for international investors seeking stable and dynamic markets.
Kola Tella, Lagos