Enugu Investment Summit to Market State’s Potential

The Enugu State Investment Summit scheduled for April 12 – 14, 2016 will highlight the strengths and investment opportunities in the Coal City amidst other events.

The summit themed “Beyond Oil: Fostering Inclusive Economic Growth and Sustainable Development and christened “Oganiru” will bring together local and international business leaders, investors, bankers, financiers, diplomatic community and academia to discuss way forward on the state’s economy the entire South-East region across various sectors including agriculture, solid minerals, trade and tourism.

The Director-General of Oganiru, Ike Chioke, noted “Now more than ever before, with the decrease in federal allocation to states due to dwindling oil revenue, there is a paramount need for government to look at alternative revenue sources that would ensure sustainable economic growth. Oganiru seeks to highlight Enugu’s prospects as a business destination while exploring the state’s potential in a wide range of industries.”

“Key outcomes of the summit will include opportunities for joint venture or outright acquisition through publicprivate-partnership, privatisation and commercialisation of state-owned enterprises including Hotel Presidential, Nike Lake Resort, Ada Rice, Sunrise Flour Mills, and many more. There will also be opportunities to boost trade and commerce in the region through coinvestment in a Free Trade Zone,” Chioke disclosed.

Set up by the State Governor, Ifeanyi Ugwuanyi, the investment summit is an initiative of the Enugu State Economic Advisory Committee which also seek to highlight how the state intends to partner with the private sector to leverage its competitive advantage for inclusive growth and development and proffer hints on the best economic policies that would help to engender sustainable economic growth.

The Ugwuanyi administration has mandated a four-point agenda for development of the state to include employment generation, social services and good governance, rural development and security & justice.