Guyman02:


Building houses means creating jobs as somebody will sell the cement, a mason will fix the blocks, a plumber will do the water system, mama Nkechi will sell food at the site, Papa Chukwuma will use his bus to take workers to site, Gbenga will do the POP, Ahmadu will sell Suya to the carpenter after he gets his pay; Dangote Cement distributor in Enugu will employ more hands to load his trucks.
Mass Housing, real estate and capital projects is one of the key ways of creating jobs even abroad in developed countries

you miss the point. All these money to be paid out comes from revenue allocation. You create temporary jobs from allocation money. Unsustainable venture. Mind my word "Unsustainable". Problem with our youths is lack of ability to think critically. Lack of vision and insight. Governors come and go yet we don't make progress as a nation. We turn to praise singers. We should leave housing scheme to private investors, mortgage outfits. Pathetic youths that can't think or see. Shame

All dz F ers saying misplaced priority and criticizing. Sure if i ask the ones their state gov. is doing someone would just fly out and call lagos. As as far as i can say my people are amongst the least jobless people in Nigeria if you dont know the facts please keep calm.. Gburugburu and PdP all the way.

chi4ik4:
the governor is an action man, all the road in 17 LGA in Enugu state is under construction. ask anybody in Enugu & they will tell you more. pls leave him for us, we love him oooooo

. U r a liar, Evidence can't lie mention d roads under-construction in each LGA? May be he will soon start it, I ve not seen.

Good one there gburugburu i just hope that God will give u the strenght to finish wht u hv started.....

mesoprogress:
Seems everyone is blind to what is happening. Enugu is largely run on allocation from federal government, federal government is funded from oil sales. If oil finally becomes very cheap, allocation will reduce, no money again to pay so called civil servants that will live in the house project. Northern governors like El Rufai are already attracting foreign investors. The key point is being self sufficient in the face of dwindling revenue. House projects are wonderful, but it is a misplaced priority in the present condition. See https://www.nairaland.com/3044605/way-out-mess-nigeria-part

And this is what?

Enugu investment summit: Beyond oil

“The Stone Age did not end for lack of stones, and the Oil Age will end long before the world runs out of oil.”
This compelling verdict was de­livered by one-time Saudi Arabi­an Minister of Petroleum and Min­eral Resources from 1962-1986, Sheikh Zaki Yamani. The stubborn Arab strategist, also a lawyer, ex­pressed this position three decades ago. It is worth noting here that ge­ology has granted two-thirds of the world’s proven oil reserves to Saudi Arabia and four of its neighbours.
Moving forward, clearly, some­thing fundamental has shifted in strategic calculations in the world’s hydro-carbon sector. Beyond the immediate nose-dive in crude prices, hugely impacting negative­ly on Nigeria’s economy, advances in technology are beginning to of­fer a way for economies, especially those of the developed world, to di­versify their supplies of energy and reduce their demand for petroleum, thus loosening the grip of oil and the countries that produce it.
The global impact of shale oil could revolutionise the world’s en­ergy markets over the next couple of decades, resulting in significantly lower oil prices, higher global GDP, changing geopolitics and shift­ing business models for oil and gas companies, according to new analy­sis from PwC. The dramatic reduc­tion in US demand for Nigerian oil stems from shale oil exploration and exploitation. These scenarios serve as a warning to those who enunci­ate policies and manage Nigeria’s oil sector. But are they reading the hand-writing on the wall? This is debatable.
It is against this background that the novel conceptualization of Oganiru, Enugu State Investment Summit by the state government led by His Excellence, Rt. Hon. If­eanyi Ugwuanyi speaks to a crucial shift in executive thinking.
Themed “Beyond Oil: Foster­ing Inclusive Economic Growth and Sustainable Development,” the three-day summit which com­mences today seeks to bring togeth­er local and international business leaders and investors to explore Enugu’s rich potentials and that of the South-East and will traverse ag­riculture, solid minerals, trade and tourism.
It is worth recalling that with­in the first quarter of Ugwuanyi’s administration, he constituted an ‘Economic Advisory Council’ to source investors and financiers globally with capacity to explore, in­vest and exploit any of the mutual­ly beneficial economic potentials in Enugu State. The committee mem­bership includes Professor, Monsi­gnor Obiora Ike, Chief Mrs. Loretta Aniagolu, Mr. Innocent Chukwu­ma, Chief Executive of Innoson Group.
The centrality of Enugu, both symbolically and in substance, to the future of the South-East can­not be denied. In this connection its political leadership is expected to evolve a transformative vision for both state and region. Gover­nor Ugwuanyi appears to express this consciousness by convening the first such summit in the region. The philosophy behind the sum­mit could transform Enugu State’s currently modest IGR and recom­mend Gburugburu for higher po­litical responsibility in the course of time.
Many stakeholders/participants, both local and international, com­ing in by air will land at the Akanu Ibiam International Airport, Enugu – surrounded by unimaginable hu­man and material resources. A new vibration is perceptible in the air. Is this the beginning of a new sto­ry? Nigeria waits with bated breath.
It bears repeating here that crude petroleum accounts for about 90 per cent of foreign revenue in Ni­geria, yet, it only contributed about 14 per cent to its Gross Domestic Production (GDP). Over-reliance on oil as a major export earner has clearly beclouded development cal­culations that could have exploit­ed other viable, productive sec­tors. At a period in human history when knowledge is a key leadership imperative, providence appears to have positioned the former fed­eral legislator to lead the inevita­ble transformation in the state and zone.
In his insightful counsel to statesmen and world leaders, for­mer French president, Giscard D’Estaing held: “There can be no response to history without effort.” D’Estaing’s position speaks to Enu­gu State and the South-East zone’s core dilemma. Forty-six years af­ter the Civil War, Nigeria’s politi­cal leadership has been incapable or unwilling to make the necessary effort to respond to the challenges encapsulated in her peculiar histo­ry – especially, treating the South-East equitably.
To make this response to histo­ry and rewrite the state/region’s un­flattering post-war history requires leadership of a certain stature. The summit at hand could spearhead a novel development template for the rest of the region. With this sum­mit, is Governor Ifeanyi Ugwuanyi now the new wise man from the land of the rising sun – daring to look beyond the oil narrative? Time will tell.