Promoting Economic Growth: Afreximbank’s Partnership with Enugu State

The African Export-Import Bank (Afreximbank) has affirmed its pledge to offer financial aid for aviation and hospitality ventures in Enugu state. During a recent visit to the state government house, Afreximbank’s president, Benedict Oramah, disclosed the bank’s intention to collaborate with the Enugu state government in the establishment of a hotel and terminal at the airport, with a focus on cargo services.

Oramah underscored the airport’s significance in facilitating the expansion of an agro-processing zone, as well as the construction of a new terminal. Furthermore, he conveyed the bank’s interest in supporting the establishment of a medical centre, aligning with Afreximbank’s goals for the rapid development of Africa.

The president of Afreximbank also accentuated the bank’s interest in exploring the development of solid minerals in Enugu state and its potential role in this sector. Oramah stressed that positive strides in Nigeria are interconnected with the continent, underscoring the importance of Enugu state’s economic progress.

In response to Afreximbank’s commitment, Governor Peter Mbah expressed his appreciation for the bank’s prioritisation of Enugu state in its development backing and objectives. Mbah reiterated the administration’s dedication to significantly boosting the state’s economy and delineated the measures taken to promote investment and facilitate business operations in the region.

Mbah emphasised the state’s resolve to attract investors and foster a conducive environment for business growth, underscoring the necessity for financial support to realise the state’s ambitious projects. He conveyed his enthusiasm for the collaboration with Afreximbank and its affiliates, acknowledging the pivotal role of financial support in propelling the state’s development endeavours.

In conclusion, Afreximbank’s partnership with Enugu state represents a significant stride towards fostering economic growth and infrastructure development. The bank’s commitment to funding aviation and hospitality projects, coupled with the state government’s determination to create an appealing investment climate, sets a positive trajectory for Enugu’s economic transformation. As the collaboration between Afreximbank and Enugu state unfolds, it is poised to yield lasting benefits for the region’s economic prosperity and contribute to Nigeria’s overall development.