Federal government Friday raised hoped for early implementation of the Enyimba City economic zone project following the signing of the project’s Memorandum of Understanding MoU.

Federal Government had also shown tremendous interest in the project and had set aside N10 billion to be invested in the project to redefine the economic landscape of Abia and create several jobs

Speaking after the signing of Definitive Agreements of the project between the Enyimba City Economic Zone Limited and the Federal Government, President Muhamamdu Buhari , assured hailed the Governor Okezie Ikpeazu of Abia State and the host community for their commitments to the project

Buhari also assured the team to be confident of the the success of the project since the Minister of Trade and Investments, under whose portfolio it falls, hails from Abia State.

President Buhari commended Abia State Governor, Okezie Ikpeazu, and some private sector investors who initiated and midwifed the Enyimba city economic zone, urging other Nigerians, of the Federal Government’s support and cooperation towards similar project anywhere in the country

He said such initiatives were exactly what his administration was desperately looking for to create employment for the populace and boost the national economy.

The project is being put together by a Nigerian property developer, known as Crown Realities, and Chinese-based RUYI Group has already completed the design for the project at a cost of 1.3 million dollars, while RUYI Group had also committed 2.5 billion dollars to the project.

BusinessDay gathered that the project has secured a 2.5 billion dollars investment in power generation in conjunction with Geometric Power Plant in Aba

In his remarks, Ikpeazu, the delegation of leaders and stakeholders from the state, thanked the President for his support for the project, noting that Aba, a commercial city in Abia State where the project is sited, is strategically located for easy access from all Southeast and South-South States.

He disclosed that Aba alone has over 250,000 artisans engaged in various arts and trades, and that the Enyimba City zone covers three local governments of the state.

The governor enthused that the project would not only be of immense benefit to Abia State but to the entire region and country.

Maxwell Ogbulu, who spoke on behalf of the host communities, profusely thanked Ikpeazu for the project and informed the President that all the affected communities donated the land for it voluntarily because of the awareness of the enormous benefits to them and the nation.

He thanked Buhari specially for finding it worthwhile to have the signing ceremony hold at the Presidential Villa and for his magnanimity in ensuring the project came thus far and for personally attending the ceremony.

At the event were the former Senate President Adolphus Wabara; Vice-Chancellor of Abia State University; and some Abia State House of Assembly members, among others.

On the government side were Enelamha; Governor of Central Bank, Godwin Emefiele; Minister of Information, Lai Mohammed and Secretary to Government of the Federation, Boss Mustapha.

Abia State Commissioner for Lands, Survey and Urban Planning, Uche Ihediwa, signed the agreement on behalf of the State government; . Femi Edun, Director of Nigeria Special Economic Zone Company, signed for the Federal Government; while Darl Uzu signed for Crown Realities Limited, the private sector developer.

Source: https://www.businessdayonline.com/news/article/fg-signs-deal-enyimba-economic-zone-project/

Not interested though. Next.

I am laughing because if the federal government can find a way to scatter all the development in Aba, they will. The same FG that cannot repair Aba express roads in 4 years? The same FG that is frustrating every efforts on either Ibaka or PH sea ports which will boost Aba business?

This is another merry go round to deceive themselves, not us. The only time Aba will develop, is if we get back our region.

Any 3D model?. Good news

Corrinthians:
Not interested though. Next.

Bad belle is allowed

Signing of MoU indeed.. Dis is actually PoM Propaganda of Misunderstanding.. D same way dey claim to b seriously working on d Niger bridge abi

vanbonattel:


I am laughing because if the federal government can find a way to scatter all the development in Aba, they will. The same FG that cannot repair Aba express roads in 4 years? The same FG that is frustrating every efforts on either Ibaka or PH sea ports which will boost Aba business?

This is another merry go round to deceive themselves, not us. The only time Aba will develop, is if we get back our region.

A Dubai-like city, and the federal gov't is only staking 10 billion naira on the project!? That one can't even take care of the landscaping....that's if they're serious to deliver a world-class project!

Asshurbanipal:
Any 3D model?. Good news

I think there's a YouTube 3D video somewhere.

Govt has tried. ..but is it jst 10Billion that will transform Aba.