Dr Peter Mbah, governor of Enugu state, has promised to disrupt the state's incremental growth and grow it sevenfold in his time as the chief executive.
Dr Peter Mbah, governor of Enugu state, has promised to disrupt the state’s incremental growth and grow it sevenfold in his time as the chief executive. On the sideline of an investment summit where his administration’s ambitious economic roadmap was interrogated, he spoke with GEOFF IYATSE on how he intends to leverage a creative finding model in the phase of fiscal challenge to turn the state into an investment destination.It’s been quite an exciting journey.
You have many programmes and projects lined up. What are the priority areas you want to focus on? When you talk about financing, are you thinking about bond issuance? We have done that already in the first 90 days in office. What we have done in our revenue enables the ministry to elevate the service levels to meet the collection of payments and the services people receive. Now, you can, in the comfort of your home, assess whatever service, particularly with the land administration and management. We have automated the systems there so that you can, within 72 hours, apply for your C-of-O and obtain them.
In terms of harmonisation of our land tenure, which one of the speakers raised; we plan to de-risk land and increase access to land. As an investor, you have absolutely no business worrying about interfacing with the communities. This is because we’ve earmarked about 300,000 hectares of land for agriculture and we are providing access roads to those lands. We have isolated them to different sizes.
Out of the three-pronged approach we have taken, our strategic objective is strengthening our institutions. We are not just building this around us as individuals, we are also building the institutions. These are policies that will outlive anyone. At the end of the day, if you have strengthened the institutions through policy frameworks, it will not be easy for one single person to come and reverse that because it is entrenched and that is essentially what we are doing.
What may help you to know I dare to just do a check on my background. I came into a sector where we were regarded as late entrants. We were just regarded as one other oil company. Fast forward to 14 years, we became the market leader, having 23 per cent market share with the next company having just five per cent, in a sector that was already mature. That is the oil and gas downstream sector. So, it is not like a nascent market where new players are struggling for market shares.
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