Nation
Enugu Economy Expects N26bn Growth
The Enugu State economy is expected to grow by an additional N26 billion through massive investments by foreign and local investors who have already indicated interest in the transport sector of the state.
This was disclosed last Friday by the Commissioner of Transport, Obi Ozor, shortly after the State Executive Council meeting held at the Nike Lake Resort, Enugu, on the sidelines of the Enugu State Executive Leadership Retreat organised for senior government officials.
According to him, the state had already attracted investment worth ¦ 26 billion in the transport sector which would lead to the concession and revival of the Enugu State Transport Company (ENTRACO) Ltd, creating over 10,000 jobs for the people.
Ozor further stated that the state was creating diverse opportunities in the economy through intra-state and inter-state CNG-powered buses, adding that the investments would further attract assets ombly plants for buses and other vehicles which would enable efficient and affordable transportation system.
He said, “This monumental transaction by Governor Peter Mbah will not only bring efficient transportation, but will also move Enugu close to its industrialisation goal”.
While speaking on the economic impact on the lives of the people, Ozor insisted that the investments would enable thousands of jobs for the residents, create skills through the plant assembly and “save over 3,700 tonnes of carbon dioxide per annum”.
By: Canice Amadi, Enugu
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