Governor Peter Mbah attracts global investors in London, projecting up to 40% returns as NGX and UBA affirm Enugu’s emergence as a strong investment destination.
Governor Peter Mbah has ignited strong interest from foreign investors following a presentation showcasing investment opportunities across key sectors of Enugu State’s economy.
Mbah told prospective investors to expect between 25 and 40 percent returns, noting that global manufacturers and international partners were already establishing a presence in the state due to its strategic positioning and ongoing reforms.
The governor, who was part of President Bola Ahmed Tinubu’s entourage on a state visit to the United Kingdom, spoke at the UK-Nigeria Project Agglomeration Compact 2026 hosted at the House of Lords. The forum was organised by Mutandis Africa in collaboration with the Nigeria Revenue Service led by Zacch Adedeji.
The event brought together Enugu State officials, federal government representatives, and private sector leaders to engage with senior members of the UK investor community, including private equity funds, sovereign wealth investors, development finance institutions, infrastructure platforms, pension funds, and family offices.
Mbah highlighted major projects designed to attract investors, including the ongoing expansion of Enugu’s international airport to serve an estimated regional population of 30 million people and position the state as a gateway to the Southeast economic corridor.
He also outlined investment opportunities in tourism and hospitality, noting that Enugu’s landscape of hills, waterfalls and caves was being repositioned for leisure and business travel, supported by new hotels, a conference centre and revitalised resorts.
In agriculture, the governor said the state was modernising production through agritech and commercial farming initiatives aimed at strengthening food security and building export-oriented value chains.
He further identified power infrastructure as a major opportunity, noting that more than half of the region lacks reliable electricity, creating a market for dependable power supply to over 15 million people.
Mbah added that Enugu was expanding healthcare and education services to build a skilled workforce, while also developing a 10,000-hectare smart city designed to serve as a modern commercial and residential hub.
The governor also praised President Tinubu’s economic reforms, describing them as the most significant structural changes in decades, particularly in empowering subnational governments to drive growth.
He cited foreign exchange unification, fiscal transparency reforms and tax restructuring as measures improving investor confidence and creating a stable investment climate.
Chairman of Nigerian Exchange Group, Umaru Kwairanga, and Group Managing Director/CEO of United Bank for Africa, Oliver Alawuba, reinforced the governor’s position, describing Enugu as an emerging sub-national investment destination.
Kwairanga said NGX was on track to triple its performance in 2025 due to rising investor confidence and policy drivers, including banking sector recapitalisation.
Founder and CEO of Mutandis Africa, Chinelo Anohu, said investors from multiple global markets expressed readiness to engage immediately, with particular interest in aviation, real estate, smart schools and smart city initiatives.
She added that post-event transaction processes would commence immediately following what she described as a compelling presentation backed by strong data and clear investment pathways.
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