BROUGHT TO YOU BY ODENGENE PEOPLES MOVEMENT (OPM)“`
The active participation in the just concluded United States-Nigeria Investment Summit (#USNIIS)2021, held in New York by the Member Nations Economic Team, anchored on the development of local contents. The 76th United Nations General Assembly (UNGA), remains a vital commitment on the part of Gov Ifeanyi Ugwuanyi’s administration and its dedicated team in grabbing Enugu State’s market share of Foreign Direct Investment from the endless economic opportunities of future global business partnerships for the overall economic development of the State and Nigeria in general.
Recall that Gov. Ugwuanyi, during the Enugu State 2020 fiscal year and 2021 Midyear Budget Performance Review by the State Ministry of Budget and Economic Planning, urged the organizers of the retreat to “aim particularly at reviewing the budget performance with the view to apply the inherent lessons for the sole purpose of achieving excellent performance in the remaining months of the life of the budget and beyond.”
In the said review outing, over Three Hundred and Fourty (340) capital projects have been either completed or started across the three Senatorial Zones of the State, representing 58.99% of the 2020 revised capital budget – a clear demonstration of Gov. Ugwuanyi’s administration commitment towards an inward looking economic development strategy geared towards positioning the State for attracting Foreign Direct Investment (FDI).
The (#USNIIS) 2021 outing of the Enugu State team is a commendable purposive action akin to a well informed economic team in showcasing our local economy’s potentials, especially in the areas of a possible comparative advantage benefits.
Quite honestly, economic growth has virally occured in Enugu State under Governor Ifeanyi Ugwuanyi, due to the visible increase in the quantity and quality of factor resources.
Gov. Ugwuanyi has imbibed the right skills of human capital with the requisite knowledge level on the economy workforce to sustain the continuous upward push in the various sectors of the State economy – making Enugu a viable global investment destination.
Over the last six years and still counting, Enugu State under Governor Ifeanyi Ugwuanyi, applied factors such as the rates of population and productivity growth which had some good effects and this has helped the Government in determining the economy’s average growth rate over these period of time.
With an expanded labour supply input, the visible impacts of capital investment spending and also the effects of technological changes and innovations which gave rise to these trend rate of economic growth being on the positive side, the State Government’s economic team has done the needful by attending the #USNIIS 2021 event.
The Leadership and members of ODENGENE PEOPLE’S MOVEMENT (OPM) have delightedly observed that this purposeful administration has recorded commendable feats in the following concepts:
(1) Tremendous rise in Capital Investment Spending.
(2) Higher productivity from both capital and labour supply.
(3) Commensurate increase in the pace and application of innovations across the economy.
(4) Increase in the level of research and development with the rural areas getting a chunk of the attention.
(5) Increase in the rate of investment in human capital, both in the Youth Constituency and in the State’s Workforce. If this is replicated at the national level, it has the potentials to improve the nation’s productivity performance.
Enugu State under Governor Ugwuanyi has done this through increased spending on work related trainings and improvements in its education systems at various levels.
ODENGENE PEOPLES MOVEMENT, therefore, urge Ndi-Enugu to support Governor Ifeanyi Ugwuanyi’s leadership to consolidate the good visions of making our dear state a global investment destination.
