Tinubu’s exchange rate unification, fuel subsidy removal attracted more FDIs to Enugu –Gov Mbah

BY ADOLPHUS DURU

Governor of Enugu State, Peter Mbah has said that the unification of the exchange rate and the removal of the fuel subsidy by President Bola Tinubu’s administration has attracted more foreign direct investments to the state.

He made the disclosure while fielding questions from journalists after his visit to the President at his Lagos residence yesterday.

He said: “Essentially, I came to convey warm greetings and season’s best wishes on behalf of the government and the good people of Enugu State to Mr. President. I also seized the opportunity to discuss with him how some of the policies he initiated have made positive impact on some of the things we’re doing in Enugu State, particularly as it relates to the attraction of FDI’s.

“The effects of the unification of the exchange rate and the removal of the fuel subsidy have essentially meant that a number of foreign direct investments are flowing towards our direction, particularly in Enugu State.”

Speaking on the N521.5 billion 2024 budget which he recently signed into law, he said: “We are poised to harness the resources. I’m glad you’ve pointed out something that is germane about Enugu. It’s a consequential state. And you know that Enugu has played consequential roles in the economic development of Nigeria. So what we’re simply doing is bringing her back to that preeminent position, making sure that we harness all the resources we have and to make sure we also mobilise our domestic revenue.

And that’s how and indeed that is essentially why we have proposed an ambitious budget, ambitious revenue projections for we are convinced that we are going to realise those revenues.”

On what the people of the state should expect in 2024, the governor said: “The people of Enugu State should expect a whole lot of new things. I’m sure you are aware that we have provided what we promised the people in 180 days, to provide water.

The water is running in all the homes in our state especially in the urban areas. And for those who still don’t have, we are expanding the pipeline network to reach them.

“We’re building as you may already know, 260 Smart Schools across all the wards in the state. We’re doing 260 Primary Health Care Centres (Type 2) across all the wards. So there is a whole lot of new things. We’re migrating our manual ways of doing things in our various institutions and our various MDAs to a digital platform. So, we can offer an efficient service to the people of the state.”