Enugu govt seals investment deal with Lion Business Park

Peter Mbah

The Enugu State Government and the Lion Business Park Limited have sealed an investment deal by signing the Novation Memorandum of Understanding (MoU) to develop a world-class industrial and commercial hub within the Enugu Industrial Park Free Trade Zone. 
  
This was even as Governor Peter Mbah reaffirmed the administration’s commitment to guaranteeing businesses through the provisions of infrastructure and enabling environment for the ease of doing business, urging Diaspora investors to turn their capital into Enugu State for a high return on investment. 
  
Signing the MoU alongside top management of Lion Business Park Ltd in Enugu yesterday, the firm’s chairman, Dr Okechukwu Mbonu, commended the governor for his visionary leadership, developmental strides and achievements, which the administration had recorded within a short period in office. 
  
Highlighting the objective of the deal, Mbonu stressed that the company is poised to develop an industrial and commercial hub that would catalyse trade, industry, and economic growth and create jobs for the youth population. 

“This strategic collaboration aligns with the governor’s visionary economic agenda to grow the Gross Domestic Product (GDP) of Enugu State from $4.4 billion to $30 billion (US Dollars) for the overall benefit of the people of Enugu State and Nigeria as a whole. 
   
“It is, therefore, a watershed moment with this renewed partnership between Lion Business Park and Enugu State Government. It is, indeed, a case of a promise made and fulfilled, and I have no doubt that you will continue to fulfil your promises to the people of Enugu State,” the chairman added. 
   
Mbonu, who expressed optimism about the investment, said the project would leverage the incentives associated with businesses in a Free Trade Zone to attract foreign direct investments and promote human capital, innovation and technology development to create jobs. 
   
Calling on the business community, private sector leaders and global investors to maximise the perfect opportunities the park presented to them to be part of the economic revolution, Mbonu added that the project had immense benefits that extended beyond the state, the South-East zone, to Nigeria at large. 
     
Mbah reiterated the administration’s economic blueprint to grow the economy and make the state the number one destination for investors in the country, saying the promise to inspire exponential growth could only be possible with investment deals such as the one executed with the Lion Business Park. 

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