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ENUGU PLANS INVESTMENT SUMMIT TO BOOST STATE’S ECONOMY

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In a bid to re-engineer the economy of Enugu State towards a better future
for its citizens, the Ifeanyi Ugwuanyi-led Government is set to host the maiden
Enugu State Investment Summit with the theme “Beyond Oil: Fostering Inclusive Economic
Growth and Sustainable Development” from April 12 – 14, 2016 at the Michael
Okpara Square, Independence Layout, Enugu.

Christened ‘Oganiru’ meaning ‘progress’, the three-day summit will bring
together local and international business leaders and investors, bankers,
financiers, the diplomatic community and the academia to explore Enugu’s rich
potential – and, indeed, the potential of the entire South-East region – across
various sectors including agriculture, solid minerals, trade and tourism.  The summit will also showcase how Enugu State
intends to partner with the private sector to leverage the state’s competitive
advantage for inclusive growth and development.
According to Ike Chioke, Director General of Oganiru, “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 to 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 public-private-partnership, privatization and
commercialization 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 co-investment
in a Free Trade Zone,” Chioke disclosed.
The Investment Summit is an initiative of the Enugu State Economic Advisory
Committee, which was set up by Governor Ifeanyi Ugwuanyi to advise and guide
the state on the best economic policies that would help to engender sustainable
economic growth. The Ugwuanyi administration has mandated a 4-point agenda for
development of the state including employment generation, social services &
good governance, rural development and security & justice.
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