Enugu State’s Governor, Dr. Peter Mbah, has encouraged Indonesian businesses and investors to seize the numerous investment opportunities and improved business climate in Enugu. He made this call at the 2023 Nigerian-Indonesian Investment and Trade Forum held in Jakarta.
Governor Mbah applauded the growing trade volume between Nigeria and Indonesia, which has reached $4.7 billion. He emphasized that there are significant investment prospects in Enugu State, spanning agriculture, mineral resources, logistics, aviation, tourism, real estate, ICT, and more.
For instance, Enugu State boasts fertile land for agriculture, suitable for key crops like cassava, oil palm, and cashews. The region is also rich in minerals, including natural gas, coal, gold, and more, making it ideal for mining and industrial development.
Mbah assured that Enugu is welcoming to business and aims to grow its economy from $4.4 billion to $30 billion through private sector investment and partnerships.
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The governor outlined various measures taken to enhance the investment climate, such as improving security, setting up a One Stop Centre for speedy processing of investments, infrastructure development, establishing land banks for agriculture, creating Free Zones, and much more.
The Indonesian Ambassador to Nigeria, Dr. Usra Harahap, expressed Indonesia’s readiness to strengthen investment and trade ties with Nigeria at both federal and subnational levels.
Nigeria’s Ambassador to Indonesia, Usman Ari Ogah, highlighted the substantial growth in trade volume, from $2.6 billion to $4.7 billion in a short time, with more potential for expansion.
The organizers of the event are determined to deepen trade and investment relations between Nigeria and Indonesia. This shows the commitment of both countries to boost economic ties for mutual benefit.
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