₦airaland Forum

The Enugu State Government has signed a landmark Memorandum of Understanding (MoU) with Lion Business Park Limited to establish a world-class industrial and commercial hub within the Enugu Industrial Park Free Trade Zone; a strategic step aimed at boosting the state’s GDP from $4.4 billion to $30 billion.

Governor Peter Mbah, speaking at a brief event on Tuesday at the Government House in Enugu, announced that the project would leverage the incentives of operating within a Free Trade Zone to attract foreign direct investments.

He added that the initiative would promote human capital development, stimulate innovation and technological advancement, and create employment opportunities, contributing to shared economic prosperity for Enugu State, the South-East region, and Nigeria as a whole.

Governor Mbah emphasized that the industrial hub aligns with his administration’s economic blueprint, which aims to expand the state’s economy and position Enugu as Nigeria’s leading destination for investors.

Government’s commitment to infrastructure
He further said that the state’s proposed exponential growth could only be possible with investment deals, such as the one executed with the Lion Business Park.

“The Enugu State Government has committed to increasing its stake in this going concern by providing all the necessary infrastructure that is required in order for this business park to be fully functional,” he said.

Strategic location for logistics and trade
The governor highlighted that the location of the park was carefully chosen based on strategy, innovation, and due diligence by a team of economic experts in the administration.

“The business park is strategically located three hours from Onne Sea Port in Rivers, less than two hours to Asaba in Delta, and less than 25 minutes to Akanu Ibiam International Airport, Enugu, “Mbah explained.

Creating an investor-friendly climate
Governor Mbah assured that his administration will continue to make Enugu attractive for investors by offering key incentives such as reliable electricity, paved roads, and other critical infrastructure.

He also appreciated the support of the host communities and urged them to continue cooperating with investors to ensure the project’s success.
Earlier, the Chairman of the firm, Dr. Okechukwu Mbonu, commended Governor Peter Mbah for his visionary leadership, remarkable developmental strides, and the notable achievements of his administration within a short time in office.
Speaking on the objective of the partnership, Mbonu stated that the company is committed to developing an industrial and commercial hub that will stimulate trade and industry, drive economic growth, and generate employment opportunities for the youth.

“This strategic collaboration aligns with Your Excellency’s bold economic agenda to grow Enugu State’s GDP from $4.4 billion to $30 billion, ultimately benefiting the people of Enugu and Nigeria as a whole,” he said.

Mbonu also urged the business community, private sector leaders, and global investors to seize the unique opportunities the park aims to offer and become part of Enugu’s unfolding economic revolution

Lanrelagboi:
https://nairametrics.com/2025/04/22/enugu-state-signs-deal-to-build-world-class-industrial-hub-targets-30-billion-gdp-growth/

Lanretoye:
No be this same enugu wanto do roads that will link all eastern cities to Onne port...

FutureFocus:
Nigeria should tackle power infrastructure problem seriously, it’s the solution to many things, solve power issue and you will see industrial revolution in Nigeria

Djyucee1:
I wish south east governors can solicit for gas pipelines to run across south east states . This ll help boost economic development and industrialization in the region. There can’t be development in the absence of energy

saintkel:
pls educate me on dis....I don't understand

Lanrelagboi:
https://nairametrics.com/2025/04/22/enugu-state-signs-deal-to-build-world-class-industrial-hub-targets-30-billion-gdp-growth/

UHLmoving:
Enugu governor in recent time have signed good MOUs and projects but apart from the media theory we see day and day out, he should also try to show us more workings...

Yes, Enugu air have kicked off...

Show us more

tableshaker3:
The Enugu governor is working so well. SE are really blessed with very good governors this time around. Otti, Soludo, Mba, Umahi. Even my friend Uzodinma no get choice, so he has to play catch-up.
Learnt coal production has commenced in Enugu. Already fully presold and can't meet demand.

South East is not slacking at all!

Well done guys

sreamsense:
Always future tense! They will just be mentioning audio money, at least wait for those investors to come to your free trade zone first before making public money assumption. Is not just today we started waisting money on MoU signing fanfare only for it to turn out to audio contract. Governor should go out personally once in a while to hold meetings with foreign investors and give them direct assurance on favourable business condition and security with hope of attracting few of them to Enugu trade fair zone

VeeVeeMyLuv:
This Minister talking
Hausa + British accent what a combo

But the British accent overwhelmingly overshadows the Hausa accent

Why not tone down on the British accent

It looks as if you are trying to impress the local audience with the accent.

sulaak:
If this is true, then well done, Mbah and the people of Enugu. Any fool waiting for the Federal government is wasting his time. The state has coal, gas, oil, agriculture and skilled labour. Investment in a rail hub to PH will open up the SE.

kenchop:
Story story story ...... They just keep taking big loans from the banks and tieing the loans to the state Revenue. The culprits cash out massively while the state and it's people keeps paying for the loans for many generations. The governor, the investors and the banks are all in this scam.Wicked people everywhere.

Dhoneymix:
Good for them

MEEVEET:
I think igbo business men need to understand business and what free trade is

Lanretoye:
No be this same enugu wanto do roads that will link all eastern cities to Onne port...

FutureFocus:
Nigeria should tackle power infrastructure problem seriously, it’s the solution to many things, solve power issue and you will see industrial revolution in Nigeria

Djyucee1:
I wish south east governors can solicit for gas pipelines to run across south east states . This ll help boost economic development and industrialization in the region. There can’t be development in the absence of energy

Okwyjesus:
That's beautiful.
Build your city and economy. No one will do it for you.

bigdammyj:
May it materialize and be blessed.

dibunotion:
Best governor. A successful business oil magnate using his experience to trigger the economy of the state

Careful4u:
Welcome development when properly implemented and sustained

VeeVeeMyLuv:
This Minister talking
Hausa + British accent what a combo

But the British accent overwhelmingly overshadows the Hausa accent

Why not tone down on the British accent

It looks as if you are trying to impress the local audience with the accent.

sulaak:
If this is true, then well done, Mbah and the people of Enugu. Any fool waiting for the Federal government is wasting his time. The state has coal, gas, oil, agriculture and skilled labour. Investment in a rail hub to PH will open up the SE.

kenchop:
Story story story ...... They just keep taking big loans from the banks and tieing the loans to the state Revenue. The culprits cash out massively while the state and it's people keeps paying for the loans for many generations. The governor, the investors and the banks are all in this scam.Wicked people everywhere.

Dhoneymix:
Good for them

MEEVEET:
I think igbo business men need to understand business and what free trade is

Lanretoye:
No be this same enugu wanto do roads that will link all eastern cities to Onne port...

FutureFocus:
Nigeria should tackle power infrastructure problem seriously, it’s the solution to many things, solve power issue and you will see industrial revolution in Nigeria

Djyucee1:
I wish south east governors can solicit for gas pipelines to run across south east states . This ll help boost economic development and industrialization in the region. There can’t be development in the absence of energy

Okwyjesus:
That's beautiful.
Build your city and economy. No one will do it for you.

bigdammyj:
May it materialize and be blessed.

dibunotion:
Best governor. A successful business oil magnate using his experience to trigger the economy of the state

Careful4u:
Welcome development when properly implemented and sustained