Ease of doing business: German govt, investors, storm Enugu for investment opportunities

Germany aims to strengthen economic ties with Enugu State, focusing on agriculture, energy, trade, and investment. The German government, led by Consul General Weert Börner, chose Enugu for its improved business environment under Governor Peter Mbah. Mbah, welcoming the partnership, outlined his administration’s ambitious goal to boost the state’s GDP from $4.4 billion to $30 billion in seven years through private sector investments and international collaboration, particularly in agriculture.
He highlighted plans for Special Agro Processing Zones, commercial farming, and infrastructure improvements, including airport and road developments, to attract investors. Mbah encouraged the German delegation to capitalize on the state’s progress in regulatory and policy advancements.
Source: Vanguard

Our Review
Germany’s interest in economic cooperation with Enugu State, particularly in agriculture, energy, trade, and investment, presents a significant opportunity for the state’s economic growth. With Governor Peter Mbah’s administration focusing on increasing the state’s GDP from $4.4 billion to $30 billion in seven years, this partnership could be pivotal. The emphasis on agriculture, including the development of Special Agro Processing Zones and commercial farming, aligns with the state’s strategy to drive economic expansion through private sector investments.
For the agricultural value chain, this collaboration could mean increased access to advanced technologies, improved infrastructure, and enhanced market access. The planned infrastructure improvements, like the completion of the international wing at Akanu Ibiam International Airport and road projects, will further facilitate trade and attract more investments. By leveraging these developments, both Enugu State and German investors can benefit from a more robust and sustainable agricultural sector, contributing to overall economic growth.