Business

Mbah Links Enugu Infrastructures Commissioned by President Tinubu To $30bn Investment Drives

You’re a good thinker, Mbah. You’re my friend. We can go places together, building Nigeria, building the future, using technology to build and promote investment.

Published

2 years ago

January 4, 2025

OCHEFA

576 Views

Enugu State Governor, Peter Mbah says that the infrastructure projects commissioned today by President Bola Tinubu are aimed at growing the state’s economy from $4.4 billion to $30 billion.

President Tinubu inaugurated the completed International Conference Centre and the state-of-the-art Command and Control Centre with 150 patrol vehicles fitted with AI-embedded surveillance cameras for the Distress Response Squad.

Tinubu also commissioned 30 of the 260 Smart Green Schools, 60 completed Type 2 Primary Health Centres, and 19-kilometer Airport-New Haven – Bisalla and Okpara Square roads built by Mbah’s administration.

“Security remains at the core of our strategy to grow Enugu’s economy from $4.4 billion to $30 billion,” said Mbah.

Governor Mbah noted that businesses can manage financial and commercial risks, but security risks are a dealbreaker.

“We are proud and grateful to have Mr President in Enugu and have him inaugurate these roads and other projects, ” said Mbah.

President Tinubu lauded Mbah for the projects, and said: “Infrastructural development is a must to attract local and foreign investment, create jobs and give all a better tomorrow from today.

“You’re a good thinker, Mbah. You’re my friend. We can go places together, building Nigeria, building the future, using technology to build and promote investment.

“It is a great honour for me and I therefore, declare these projects inaugurated,” said President Tinubu.

▪︎Written by Ocheneyi Franklin

Up Next

JUST IN: Disengaged staff Drags CBN to Court, demanding N30bn compensation

Don't Miss

Tax reform will boost workers’ welfare – Fed Govt

Click to comment

Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

1 day ago

November 5, 2026

OCHEFA

105 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

2 days ago

November 4, 2026

OCHEFA

136 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.