German Investors Target Agric, Energy Investment Opportunities In Enugu

August 11, 2024
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German Investors Target Agric, Energy Investment Opportunities In Enugu

Some investors from Germany led by the Consul General in Nigeria, Mr. Weert Börner, have visited Enugu State, indicating interest to invest in the areas of agriculture, energy and trade in the state.

Speaking during a meeting with the state governor, Dr Peter Mbah, at the government house, Mr Börner, said Enugu is one of the three states selected by the German government as business and investment destinations in southern Nigeria.

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Börner, who led a delegation of the German business community and the German Corporation for International Cooperation (GIZ), said the visit was in continuation of discussions that started in Lagos in 2023 on increasing German cooperation with Enugu State in the aforementioned sectors.

He said “I am very happy to be here in Enugu city to increase and deepen our conversation on this cooperation. I am also very happy that the delegation with me is comprised of representatives of the DHK (Deutsche Handels Kompetenz), which is our chamber in Lagos for industry and commerce; GIZ, our international cooperation agency and Siemens Energy, a private company that is already doing a lot in Nigeria to improve electricity and energy sector.

“We get a lot of news by the Nigerian media and through our own office that Enugu State and its own government have improved a lot in the sense of structuring process to get business easier done to improve the infrastructural basis for joint engagement.

“We are actually very happy about this development. The German government decided to concentrate more on specific states within the Nigerian federal system. And those states from the south are Ogun, Abia, and Enugu State. So, this is why I am here to get our cooperation on a higher and more intense level,” the envoy stated.

On his part, governor Mbah thanked the Germans for choosing the state as one of their investment destinations in the Nigeria adding that his administration is willing to partner with German government and businesses.

He said his administration’s ambitious target of $30bn GDP in the next seven years can achieved through private sector participation through investments and international cooperation, adding also that Nigeria’s much-needed economic growth could only come from the states, not the centre

READ ALSO: Enugu Market Demolition: We Can’t Afford N10m For New Shop, Traders Lament

“I want to put on record our deep appreciation to you for selecting Enugu as one of the three southern states you want to partner with.

“We are really excited about this essentially because though we are subnational, our ambition and the goals we have set for ourselves are national in scale.

“We plan to grow the economy to a point that is unprecedented. If you look at the target, we set for ourselves to grow the economy from $4.4bn to $30bn in the next seven years.”

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