Enugu State, Firm Sign MoU to Develop Business Park
The Enugu State Government and the Lion Business Park Limited have signed a Memorandum of Understanding to build a world-class industrial and commercial hub within the Enugu Industrial Park Free Trade Zone.
In a speech at the brief event at the Government House, Enugu on Tuesday, Gov. Peter Mbah said the project would leverage the incentives associated with doing business in a Free Trade Zone to attract foreign direct investments.
According to him, the project will also promote human capital, innovation and technology development as well as create jobs for shared economic prosperity for Enugu State, the South-East and Nigeria at large.
He spoke about the administration’s economic blueprint which, he said, was to grow the economy and make the state the number one destination for investors in the country.
He further said that the state’s proposed exponential growth could only be possible with investment deals, such as the one executed with the Lion Business Park.
“The Enugu State Government has committed to increase its stake in this going concern by providing all the necessary infrastructure that is required in order for this business park to be fully functional,” he said.
Mbah also said that the location of the park was a product of strategy, innovation and due diligence conducted by a team of economic experts in the administration. “The business park is strategically located.
“It is three hours from Onne Sea Port in Rivers, less than two hours to Asaba in Delta, and less than 25 minutes to Akanu Ibiam International Airport, Enugu,” he said.
He gave assurance that the administration would continue to make the state attractive to investors to set up their industries by providing the right incentives, such as electricity, paved roads, and other infrastructure.
While appreciating the host communities for their support, the governor enjoined them to continue to cooperate with investors. Earlier, the firm’s Chairman, Dr Okechukwu Mbonu, commended the governor for his visionary leadership, developmental strides and achievements of his administration within a short period in office.
Highlighting the objective of the deal, Mbonu said that the company was poised to develop industrial and commercial hub that would catalyse trade, industry, economic growth and create jobs for the youth population.
“This strategic collaboration aligns with Your Excellency’s visionary economic agenda to grow the GDP of Enugu State from $4.4 billion to $30 billion for the overall benefit of the people of Enugu State and Nigeria as a whole,” he said.
He called on the business community, private sector leaders and global investors to maximise the perfect opportunities the park hoped to present to them to be part of the economic revolution. #Enugu State, Firm Sign MoU to Develop Business Park#
