Mbah reassures investors of de-risked business environment
Governor of Enugu State, Dr. Peter Mbah, has reiterated his administration’s commitment to de-risking the business environment to ensure return on investments (ROI) for businesses in the state.
The governor gave the assurances when he received, in his office, the management team of Globus Bank Ltd, led by the Managing Director (MD)/Chief Executive Officer (CEO), Elias Igbinakenzua, who paid him a courtesy visit, following the opening of a branch of the bank in the state capital, Enugu, yesterday.
Mbah said: “First, I wish to express our profound gratitude to you for commissioning your branch in Enugu today. This is another major milestone for us. As we have always said to the investing public, Enugu State is open for business. So, I am using this opportunity to call on those who are still sitting on the fence to come over immediately.
Mbah said the magnitude of the vision he expressed during the campaign, including growing the state’s Gross Domestic Product (GDP) seven folds from $4.4 billion to $30 billion, constructing 10,000km of roads, and building 260 integrated smart schools would require a different financing model instead of reliance on revenues from Abuja.
“It becomes very expedient that we constructively engage the financial institutions to work out the best financing model to do this. We would need a lot of private sector finance. So, we are going to be working with you to achieve our common goals.”
On his part, Igbinakenzua said the bank was particularly attracted by the governor’s commitment to private sector growth and de-risking of the business environment.
He said: “Today, we have just commissioned our 30th branch. We have seen the works being done by our governor, and we thought we should come and partner with him and support those initiatives.”
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