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Mbah rallied foreign investors towards a $30 billion economy

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Mbah rallied foreign investors towards a $30 billion economy

The governorship candidate of the Peoples Democratic Party, PDP, in Enugu State, Dr Peter Mbah, has rallied foreign governments and investors towards the exponential growth of the state’s economy from the present $4.4 billion to $30 billion in eight years.

Mbah also said that his administration would make skills and vocational education compulsory for all indigenes and residents of Enugu State from the age of 12 to effectively address the challenge of unemployment and service the planned economic growth.

He made this known during the official opening of the Geoffrey Okoye University–European Business Park and Centre for Practical Skills (CPS) at Ugwuomu, Nike, Enugu.

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Speaking at the event, which had in attendance the Ambassador of Hungary to Nigeria, Mr Thomas Schlesinger; Minister Counsellor of Germany in Nigeria, Mr Martin Huth; Country Director of the German Agency for International Cooperation, Mr Markus Margner; Executive Secretary, National Universities Commission, Prof. Abubakar Rasheed; Bishop of the Catholic Diocese of Enugu, Most Rev. Callistus Onaga, among others, Dr Mbah said the initiative was in sync with his plans catalyse skill and vocational education and de-risk investment inflow and make Enugu State a preferred destination for investment, for business, and for living

He said: “My joy in being here stems largely from the fact that what we are doing here today is everything we had proposed in our manifesto to the people of. One of the ways to de-risk investment flows to Enugu stated is to work with centres like this because, in our development plan, it is well captured that we are going to have a lot of skills acquisition, technical, and vocational education across many locations in the state.

“One of our strategic plans is the transition of Enugu from a public sector-driven to a private sector-driven economic growth.

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“Our goal is that in the near future, this CPS and indeed the European Business Park would constitute one of the hubs for the emergence of small and medium scale businesses in our state.

“We have therefore proposed a humongous vision to the people of Enugu State that we are going to grow our economy from the current $4.4 to $30 billion. Such a proposal was tagged as crazy when the such proposal was made, the reason being that in the last 21 years, we have only marginally grown the economy, and here we are saying we are going to have an exponential growth from $4.4 billion to $30 billion in eight years.

“Again, we want to create an environment for the private sector to thrive. So, we simply said that our mission is going to make Enugu State the preferred destination for investment, for business, and for living. So, we understand clearly that as a government, we are going to have to de-risk investment flow by the private sector into Enugu.

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“We understand the need for businesses because we are also coming from that background and we know that skills and labour are one of the key indicators for the Ease of Doing Business in any community, he stated.

He added that “Made-in-Enugu” products would serve both domestic and foreign markets and would address the problem of unemployment, eradicate poverty, and also create opportunities for investors to explore other areas such as the new energy and mineral resources sector his soon-to-be administration is exploring.

On compulsory skills and vocational education, Mbah said: “Beyond just saying that we are going to have technical and vocational education for our young people, we are actually going to work with the House of Assembly to create a legislative framework so that it will be mandatory for every Enugu citizen, for everybody living in Enugu, who is up to the age of 12, to begin to have access to technical and vocational education. The objective to make sure that at some point, we would not have an 18-year-old who tells you he or she doesn’t have a job.

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“We believe that with the establishment of a skills centre like this, our unemployment rate will drop drastically. We must ensure that this Centre is singled out for recognition because this is what we do hope to replicate as a government across different locations in the state.

“What this Centre has done is to bring our tomorrow closer to us today, which is in sync with our tagline, tomorrow is here; and indeed our tomorrow is here because we no longer have room for procrastination. We can no longer wait. We have to hit the ground running”.

He also lauded the management of the university led by Vice Chancellor of Geoffrey Okoye for its “doggedness and excellence” in the management of the laudable projects, assuring that his administration would continue to partner with institutions to produce responsible, wealth-creating young men and women that will be useful to the world.

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On his part, an international energy investor from Europe, Mr Jens-Christian Moller, expressed confidence in Mbah’s ability to achieve the “ambitious $30 billion dollars economy”, adding that his company would be willing to invest in the state once he is elected.

He said the European contingent was interested in training Enugu people in Europe and bringing them back so that they could replicate the technical know-how and other skills in their home state.

Mr. Moller said what Mbah intended to achieve in the state was quite ambitious, but accomplishable, noting that it would take extra effort to achieve seven times the current gross domestic product (GDP) in the state.

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He said he was impressed listening to him marshal his blueprint, assuring that he would be partnering with the state under Mbah’s leadership once the right framework was made available.

According to him, they were ready to create thousands of jobs by engaging Enugu youth in vocational training, to be world-class engineers and help them work globally, especially in the area of electricity generation where they could live in Africa, pay their taxes in Africa and earn their income abroad.

In his intervention, the Danish Consulate General in Nigeria, Per Christensen said they had their corporate investments and activities in Lagos state and one in Northern Nigeria, stressing that with the right policies, they were willing to have one in Enugu State to serve Eastern Nigeria as they had no corporate investments in the region yet.

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The Consul General further said he would be glad to come back to Enugu State if Mbah is elected to discuss further on how they could come in with their investments.

Speaking at the event, the Director-General of the International Centre for Migration Poicy Development (ICMPD), Dr. Michael Spindelegger, said that the CPS and Business Park opened in the university was a unique collaboration meant to bring together migration expertise, a local university and the private sector to open up prospects for the local population, business location and companies, in order to attract small and medium-sized enterprises to Nigeria with its large and growing market of over 220 million people.

Meanwhile, Monsignor Prof. Obiora Ike, who is also a professor of Ethics and Intercultural Studies at Godfrey Okoye University, described Dr Mbah as God-sent.

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“Dr. Mbah is not a politician. He is a technocrat; and at certain points, we need a technocrat, who comes to salvage the society”, he stated.

Speaking earlier, the Vice Chancellor of the university said the programme was possible because of their uncanny innovation and commitment where they were able to transform a jungle to a Catholic University, and to a GO Uni-European Business Park and Centre of Practical Skills.

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Economy

Bago inaugurates empowerment programme for 716 youths in Niger

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Bago

Gov. Umaru Bago of Niger State has inaugurated an empowerment programme for 716 youths sponsored by a state lawmaker, Alhaji Sani Umar (APC-Kontagora 1), in Kontagora Local Government Area of the state.

While inaugurating the programme that involved disbursement of funds on Sunday in Kontagora, he said it would enable youths to acquire skills for self-reliance.

Bago, represented by his deputy, Mr Yakubu Garba, commended the lawmaker for the empowerment programme, which he described as people-centred.

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He urged the beneficiaries to make good use of the support given to them, saying that the programme was designed to have a positive impact on their lives.

He said that the state government would continue to come up with policies th positive impact on the lives of the people, especially women and youths.

Bago said that youth empowerment was crucial to fighting unemployment, restiveness and hardship.

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He commended the state legislators for their support and collaboration, attributing the government’s successes to their continued assistance and foresight.

The governor reiterated his resolve to foster cohesion between the executive and legislature, ensuring the delivery of democracy dividends to the electorate.

In his remarks, Alhaji Abdulmalik Sarkindaji, Speaker of the House of Assembly, commended the lawmaker for the initiative aimed at empowering the youths to become self-reliant.

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He lauded the governor for not interfering with legislative engagements, and for promoting democratic principles in governance and the polity.

Earlier in his address, Umar, the sponsor of the programme, said the empowerment was aimed at reducing unemployment and restiveness among youths in his constituency.

He thanked the governor for his support and encouragement for the programme.

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Also speaking, Alhaji Aminu Bobi, Chairman of the All Progressives Congress (APC) in Niger, thanked the governor for his support and administrative prowess, which he said had brought significant changes to the state.

One of the beneficiaries, Aisha Mohammed, thanked the lawmaker for the gesture and promised to make judicious use of the funds to better her life.

The News Agency of Nigeria (NAN) reports that the event was attended by top government officials, traditional rulers, and other stakeholders in the stat

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Economy

Benue at 49: Governor Alia’s Vision for Economic Prosperity and Infrastructure Growth

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Benue at 49: Governor Alia's Vision for Economic Prosperity and Infrastructure Growth

As Benue State celebrates its 49th anniversary, Governor Hyacinth Alia has emphasized his commitment to driving the state to unprecedented levels of economic prosperity and infrastructural development.

In a statement signed by his Chief Press Secretary, Mr. Tersoo Kula, and made available to newsmen on Monday in Makurdi, Alia outlined the significant reforms his administration has set in motion since he assumed office.

“Less than two years into our administration, we have achieved remarkable breakthroughs, unprecedented in the history of the state,” said Alia.

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The governor highlighted key achievements, including the rollout of programs aimed at boosting agricultural productivity and agribusiness to ensure food security and improve livelihoods. “We have rehabilitated roads, opened new ones, constructed and fixed public facilities to make Benue more accessible, enhancing economic growth,” he stated.

Alia also underscored the administration’s focus on healthcare, pledging to advance healthcare facilities to ensure quality and accessible services for all citizens. “Our resolve is to take the state where every citizen experiences prosperity, security, and opportunity,” he added.

The governor stressed that achieving these goals requires the collective efforts of all Benue citizens. “This target cannot be achieved alone. It calls for the collaborative determination of all stakeholders, community leaders, traditional rulers, business owners, and our energetic youth. Together, the administration can build a future that mirrors our joint desires,” Alia urged.

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As the state marks its 49th anniversary, the governor called on the people to remain steadfast in their commitment to promoting Benue’s growth. “I extend a hand of fellowship to all stakeholders to join hands with us in this noble endeavour,” he concluded.

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Economy

NCS Records Historic ₦6.1 Trillion Revenue in 2024

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NCS

The Nigeria Customs Service (NCS) has achieved a historic milestone, collecting a record ₦6.1 trillion in revenue in 2024, surpassing its ₦5.1 trillion target by ₦1.03 trillion. This represents a 20.2% increase above the target and an impressive 90.4% rise from the ₦3.2 trillion collected in 2023.

Speaking at a press briefing in Abuja on January 14, 2025, the Comptroller-General of Customs, Bashir Adewale Adeniyi, attributed the remarkable performance to strategic reforms, enhanced operational efficiency, and strong alignment with government policy objectives. “This growth is historic as it marks the highest year-on-year increase recorded by the Service in recent times,” he noted.

The record-breaking revenue is segmented into ₦3.66 trillion for the Federation Account, ₦816.9 billion for Non-Federation Account Levies, and ₦1.63 trillion in Value Added Tax (VAT) on imports.

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Adeniyi highlighted the Service’s effort to balance revenue collection with trade facilitation, granting concessions worth ₦1.68 trillion to stimulate industrial growth while tightening controls to prevent abuses.

The Service also achieved remarkable progress in trade facilitation, recording a 179.3% increase in total trade value to ₦196.94 trillion in 2024, compared to ₦70.5 trillion in 2023. This growth was driven by a surge in the export trade, which saw a 219.5% increase in value to ₦136.65 trillion.

Significant advancements were made in customs operations, including the introduction of the Advanced Ruling System and the Authorized Economic Operator (AEO) programme. The latter has reduced cargo clearance times to an average of 43 hours for AEO-certified companies. Additionally, the indigenously developed digital clearance platform, “B’Odogwu,” generated ₦31 billion in revenue during its pilot phase.

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In 2024, the NCS received international acclaim, advancing 33 places in the Presidential Enabling Business Environment Council (PEBEC) rankings and being recognised among the top five agencies for trade facilitation. Strategic partnerships, such as with the Healthcare Federation of Nigeria, have streamlined the clearance of medical supplies, aligning with the federal government’s health accessibility goals.

The Service’s trade facilitation efforts under the African Continental Free Trade Agreement (AfCFTA) have also bolstered the participation of Nigerian exporters in global markets, with notable representation at the Biashara Afrika forum in Kigali.

Adeniyi attributed these achievements to the support of President Bola Ahmed Tinubu’s administration and the dedication of NCS officers. He reaffirmed the Service’s commitment to leveraging technology, fostering stakeholder collaboration, and enhancing operational efficiency to sustain growth.

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