In Jakarta, Mbah Woos Investors with Investment Opportunities, Ease of Doing Business
Gilbert Ekwugbe
Governor of Enugu State, Dr. Peter Mbah, has urged Indonesian businesses and investors to take advantage of the numerous investment opportunities, improved business environment, and ample returns on investment (ROI) in Enugu State.
This was even as the governments of Nigeria and Indonesia pledged closer collaboration to boost trades and investments between both countries for their mutual prosperity.
Mbah made the call in a keynote address he delivered at the 2023 Nigerian-Indonesian Investment and Trade Forum, in Jakarta, capital of Indonesia.
Speaking at the event organised by the Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) in collaboration with the Indonesian Trade Promotion Centre, Lagos, Mbah, while commending the growth of trade volume between Nigeria and Indonesia to $4.7 billion, however, observed that both countries could actually do much more, especially considering the abundant opportunities offered by Enugu State.
He listed the investment opportunities in the state, spanning agriculture, mineral resources, logistics, aviation, tourism, real estate, mineral resources, ICT, among others.
“In the area of agriculture, Enugu is blessed with 10 per cent arable, fertile land with a high factor of productivity and good access to both surface and subterranean water that makes all year-round agriculture possible. The State is climatically disposed to the production of key produce like cassava, oil palm, cashew, spices of various types, ”Mbah stated.
Speaking, the Ambassador of Indonesia to Nigeria, Dr. Usra Harahap, reiterated the readiness of the government and business community of Indonesia to strengthen investment and trade ties with Nigeria at both federal and subnational levels for mutual benefits.
In his remarks, Nigeria’s Ambassador to Indonesia, Usman Ari Ogah, said the Investment and Trade Forum was yielding the required results.
“At this time last year, we were saying our $2.6 billion trade volume would go to $4 billion. Today, we are talking of $4.7 billion in less than one year. And the Chamber has said they are targeting $6 billion from now to December ending. I can bet you we will do it. And it is important I tell you that the balance of trade is in the favor of Nigeria, ”Oga stated.
