I Support Governor Peter Mbah’s Economic Principles And Development Plan – Nebo Obinna Collins

Enugu State has untapped resources both human and natural.
The state has one of the highest numbers of schools in Nigeria with 14 out of 17 LGAs identified as rural areas with massive green vegetations.
I think Gov. Mbah’s economic development plan is key to unlocking the state’s economic potentials in the competitive local and the global markets.
Enugu State has natural gas, iron ore, coal, crude oil and other minerals.
Enugu State has one of the best soils and climate for industrialized agriculture; climate smart agriculture and all season farming.
Enugu State has a power station in Oji River, Defunct Anambra Vegetable Oil Product Plant, Defunct Songhai Farm Settlement, numerous lakes and abandoned cottage industries.
Enugu State has the capacity of generating electricity that can serve Enugu, Anambra and Ebonyi States.

These are key drivers to Enugu State Economic Boom:
1) Concrete Economic Development Road Map.
2) Deliberate Efforts to Improve Public Infrastructure That Drives Economic Growth.
3) Efficient Tax System.
4) Reform Technical and Vocational Education System.
5) Standardized Financial Management System and Mentoring For MSMEs.
6) Enhance Inter-Zonal Economic Cooperation.
7) Invest In Public Healthcare Facilities.
8) Review Housing Policy.
9) Reform and Expand Local Market System.
10) Review Real Estate Business In The State.
11) Invest Transport System.
12) Identify and Strengthen Economic Areas Explored by MSMEs.
13) Enhanced Internal Security System.
14) Efficient Rural and Urban Water Supply Network.

Benefits:
1) Reduced Unemployment Rate.
2) Increased Internally Generated Revenue.
3) Attract Foreign Direct Investment.
4) Minimized Crimes Rate.
5) Curtailed Overburden on Government.
6) Reduced Rural – Urban Migration.
7) Enhanced Potentials of Young People.

These thoughts may not be exhaustive, moreover, there are expected mitigations to achieving these outlined economic development ideas, these includes; time frame (some projects/ programmes can be achieved in the short term, whereas others can be achieved in medium and long term). Other mitigations may include servicing or repayment of existing debts, low federal allocation due to fluctuating price of crude oil in the international market and possible socioeconomic distractions like: pandemic, vandalization and natural disaster.

I am optimistic about Gov. Mbah’s ambitious agenda will be a turning point for economic improvement of economic, of course with the support of the other arms of Government, I anticipate a speedy economic development in real and nominal terms in the next 3 years and 6 month.