Governor Peter Mbah of Enugu State actively encouraged Indonesian businesses and investors to explore the abundant investment opportunities in his state during the 2023 Nigerian-Indonesian Investment and Trade Forum in Jakarta.
Organized by the Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) in collaboration with the Indonesian Trade Promotion Centre, Lagos, the event saw Governor Mbah highlighting the favorable business environment and high returns on investment available in Enugu.
In his keynote address, Governor Mbah praised the existing trade volume between Nigeria and Indonesia, which stands at $4.7 billion, while emphasizing the untapped potential for further growth. He showcased a myriad of investment prospects in Enugu, spanning agriculture, mineral resources, logistics, aviation, tourism, real estate, and ICT.
Enugu’s climatic suitability for cultivating key crops like cassava, oil palm, cashew, and spices offers not only opportunities for primary agricultural production but also for establishing industrial facilities to enhance the value of these products for both local consumption and export.
Additionally, Governor Mbah emphasized the state’s rich mineral deposits, including oil, natural gas, coal, gold, kaolin, gypsum, clay, and limestone, making Enugu an ideal destination for mining and the establishment of key industries.
He expressed his administration’s commitment to fostering economic growth by aiming to elevate the state’s economy from $4.4 billion to an impressive $30 billion, relying on extensive private sector investments and robust local and international partnerships.
The Indonesian ambassador to Nigeria, Usra Harahap, reiterated his country’s eagerness to strengthen investment and trade ties with Nigeria at both federal and sub-national levels. Despite the significant trade volume of $4.7 billion in 2022, primarily centered around oil and gas, Ambassador Harahap highlighted the vast untapped potential for trade and investment in various sectors, paving the way for future collaborations between the two nations.
Enugu State’s proactive approach signals its readiness to welcome investors, showcasing its dedication to fostering economic growth through strategic partnerships and investment opportunities.
IMAGE:Web
