TheCable

Peter Mbah, governor of Enugu, says the economic policies initiated by the President Bola Tinubu administration are already yielding fruits in his state.

Speaking with journalists shortly after a meeting with the president on Wednesday, Mbah said the unified foreign exchange rate policy is rubbing off positively on Enugu’s drive for foreign direct investments (FDI).

“It is essentially to commend the president because a lot of things that he is doing at the national level are also rubbing off well on us at the state level — policies like the unification of the foreign exchange rate,” he said. 

“What that simply means is that you are going to have a lot of FDI coming in, and we are also going to benefit from that.

“As you may have also noticed, we are doing a lot, trying to attract investors to Enugu state.

“The fact that we now have the ease of investors bringing in their money and also being able to repatriate it as a result of the unification of the foreign exchange rates would largely rub off positively on Enugu state.”

The governor harped on the need for the state to build its cargo terminal, adding that a lot of promises made to the people of Enugu would not come to fruition without the partnership of the federal government. 

“There are a couple of things that we have promised our people to do in Enugu state, which requires that we collaborate closely with the federal government in order to achieve them,” he said.

“Enugu is largely the capital of Igboland. So, we want to build our cargo terminal. We also want to ensure that the international wing of our airport is operational. 

“The idea is to engage with the federal government to ensure that we get all the required permits and licenses and make sure that we have an enhanced logistics hub to be able to attract the sort of investments we need.

“Therefore, I have essentially come to felicitate the president and enjoin that we continue to collaborate.”