News
Gov Mbah To Unveil $2.1bn pipeline Project in Enugu
From Lateef Taiwo
Governor of Enugu State, Mr Peter Mbah, will on Friday, September 1, 2023 unveil a ₦1.6 trillion ($2.1 billion) pipeline of 30 projects at the first Enugu State Investment and Economic Growth Stakeholder Roundtable.
The governor is also scheduled to launch the Enugu State Integrated Sector-Based Productivity Growth Strategy.
This was made known in a statement released by the Secretary of the State Government (SSG), Prof. Chidiebere Onyia, in Enugu on Monday.
He said the Investment and Economic Growth Roundtable, which is a precursor to the launch of the maiden multi-stakeholder and fully transactional Diaspora and Investment Forum scheduled for the second quarter of 2024, would hold in Enugu and also draw investors from across various industries locally and internationally.
‘The ₦1.6 trillion Naira ($2.1 billion) project pipeline spans several industries, including transportation and healthcare infrastructure, as well as energy, power, and agro-allied industrialization.
“Senior executives from the World Bank Group, the African Development Bank Group, the International Finance Corporation, the African Export-Import Bank, the United Kingdom Department for Trade and Business, the Africa Finance Corporation (AFC), as well as the Nigerian Sovereign Wealth Fund, commercial banks, corporate pension funds, private equity funds, infrastructure funds, and other domestic financial institutions will convene in Enugu to chart a course for effectively mobilising private capital for large-scale infrastructure projects, including net-zero aligned projects that can unlock Enugu State’s and South-Eastern Nigeria’s economic potential.
“The Roundtable discussion will cover a range of topics, including addressing barriers to investment and economic growth in Enugu State; improving investor confidence in the State understanding investor’s risk and return preferences; and identifying partnership opportunities for project preparation and co‑investments” he stated.
According to Prof. Onyia, this is in line with Governor Mbah’s determination to grow the Enugu State economy from $4.4 billion to $30 billion.
“Implementation of the State’s Integrated Sector-Based Productivity Growth Strategy will ensure that those sectors with the greatest potential for growth are supported through measures to reduce unnecessary regulation and boost innovation and growth.
“The new administration recognises private investment as a key driver of long-term economic growth and prosperity, and the roundtable discussion will lay the groundwork for long-term partnerships and cooperation that can catalyse Enugu’s accelerated economic growth.
“Part of this administration’s agenda is the development of an Investment Plan for the Integrated Sector-Based Productivity Growth Agenda with a credible pipeline of projects that will advance transformative change in key sectors. When it is released, the Plan is expected to incentive and encourage private sector investors, as well as other stakeholders, to participate in the financing and delivery of critical infrastructure investment projects.
“We are optimistic about the future of PPPs and investments in Enugu as we build a clear legal, institutional and policy framework that should provide the business-friendly environment that can enhance private sector participation and catalyse the scale of financing required to deliver these essential public infrastructure services.
The investment roundtable is the first step towards generating investment interest in the critical areas and charting a clear path to bankability for these projects
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
TAU reaffirms commitment to globally competitive learning
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