Enugu State Governor, Dr. Peter Mbah, has reiterated his administration’s commitment to creating an enabling environment for businesses and investments to thrive, emphasizing that Enugu is open for business and investments. This declaration was made at the 36th edition of the Enugu International Trade Fair, which has the theme “Developing Nigeria Industrial Sector, Small Scale Industry for Economic Advancement and Global recognition”.
Thank you for reading this post, don't forget to subscribe!According to Dr. Mbah, the private sector-driven economy, Small and Medium Enterprise, and businesses are the bedrock of growth and development of every society. He noted that his administration has created an enabling environment for businesses and investments to thrive, charging the organizers of the fair to set up a structure that would measure success through the number of jobs created, businesses, and investments attracted.
“The attraction of investments, economic and infrastructural development, education, health, as well as the entire wellbeing of the people, have remained the cardinal focus of my administration,” Dr. Mbah stated, assuring that his doors are open for genuine partnerships.
In his remarks, the President of Enugu Chamber of Commerce, Industry, Mines, and Agriculture (ECCIMA), Odega Jideonwo, acknowledged the reality of the present economic challenges, which has been worsened by the volatility in the price of oil. He emphasized the need to support Small and Medium Enterprises to grow and become the backbone of the industrial sector.
Also speaking at the event, the President of the Nigerian Association of Chambers of Commerce and Industry, Mines, and Agriculture (NACCIMA), Dele Oye, represented by Mr. Humphrey Ngonadi, President of the South East/South South Chamber of Commerce, Industry, Mines, and Agriculture (SECCIMA), stressed the need for Nigeria’s industries to enhance production capacity, improve regulatory frameworks, and invest in technology-driven industrialization.
“The report shows that over 80 percent of small-scale industries in Nigeria lack access to formal credit facilities, thereby restricting their ability to scale up operations,” Mr. Ngonadi stated.
The Enugu International Trade Fair is expected to last for 10 days, providing a platform for customers, participants, investors, and exhibitors to exchange business ideas and contacts.