Ugwuanyi has made Enugu safe haven for investment – Soludo


The former Governor of the Central Bank of Nigeria, CBN, Chukwuma Soludo, has applauded Governor Ifeanyi Ugwuanyi’s giant strides in Enugu State, saying that his feats in securing the state from vices such as kidnapping, have positioned it as a safe haven for investment and living.

Mr. Soludo who spoke as the Chairman of the Occasion at the 47th Convocation Lecture of the University of Nigeria Nsukka, which was delivered by the Governor of the CBN, Godwin Emefiele, expressed delight at the massive infrastructural development in Enugu State, adding that he was impressed that Mr. Ugwuanyi has transformed the University town of Nsukka with the reconstruction of the Opi-Nsukka dual carriageway and other projects befitting of a city.

The ex-CBN Governor emphasised that the incidence of kidnap in Enugu is now a thing of the past, adding: “I know that with Gov. Ugwuanyi (Gburugburu) we have secured continuity of good governance in Enugu State”, following his remarkable achievements in spite of the nation’s economic challenges.

“I don’t know how many of you came from outside. As you passed through Opi junction descending down here, you will think you are in some parts of Europe. And I know how that road used to be in the past. Some people who live in Enugu State told me that kidnapping is no more, it’s gone. Security is now there in Enugu State. They are the fundamentals the entrepreneurs require to even begin to set up shops. So, I thank Gov. Ugwuanyi for making Enugu State safe for investment.

In his lecture, Mr. Emefiele challenged the students and youth to be more entrepreneurial in their thinking; to be independent, stating that the federal government, including the CBN are encouraging the Deposit Money Banks and other development finance institutions to create awareness through which innovative entrepreneurs can access credit with a view to creating opportunities for job creation.

The CBN governor added that the apex bank is currently reviewing the broad frameworks of its development financing funds with a view to creating new channels through which entrepreneurs with great ideas can access credit with minimal effort.

“I will like to remind the graduating students that the University of Nigeria Nsukka has equipped you to rule your world; go, therefore, and rule your world! In the spirit of one famous American President, I challenge you today to ask not what Nigeria can do for you. Rather, ask what you can do for Nigeria”, he added.


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  • When Charles Chukwuma Soludo, CFR, an erudite economist and a former Governor and Chairman of the board of directors of the Central Bank of Nigeria talks about investment opportunities, he knows exactly what he talking about. That is why the accolade he has bestowed on the Governor of Enugu State, His Excellency Governor Ifeanyi Ugwuanyi should be applauded. Charles Soludo recognises the enabling environment that investments thrive on.
    On inception of President Muhammadu Buhari’s government, there was a laudable attempt to drum up the much-needed investments in Nigeria. However, the foresight behind that mission was doomed from the start, as the government has woefully failed to create an enabling environment for domestic and foreign investment to thrive. There are many challenges to overcome, including addressing the pervasive and growing inequality that is fuelling instability, investing in training the security operatives including the police to meet challenges of the 21st century , tackling endemic corruption, and using all the available assets in our disposal to tackle the rampant menace of kidnapping for ransom all over the nation. No sane foreign investor would venture to put his money in a country where he is likely to be kidnapped by a bunch of low life morons.
    Prof. Soludo has exemplified here how Governor Ugwuanyi “feats in securing the state from vices such as kidnapping, have positioned it as a safe haven for investment and living”. This is a truth and should be applauded. Governor Ugwuanyi is not like the other clueless governor in Imo State that has become a comical object of derision.
    Nigeria is now closely enjoying political stability, which is another key to unlocking investment interests. Nigeria has an enormous potential for growth. As long as the entire indicators for security of lives and properties are addressed, both domestic and foreign investors will be falling over themselves to have a share of the action and our millions of the unemployed will be the ultimate beneficiaries.
    The ripple effects of rampant kidnapping is not affecting only the victims and their immediate families but to the millions of Nigerians denied the benefits of much needed investors deterred from coming to the country to invest. Kidnapping is an ugly stain on the nation just as terrorism and causing an immeasurable damage to all of us. The President should as a matter of urgency, re-evaluate the current laws against kidnappers and with support from the NASS introduce capital punishment to anybody convicted. Advancement in cell phone technologies with most phones fitted with trackers can pin-point arears of last usage to few yards apart even when it is not switched on. Our security operatives have the capacity to liaise with other advanced agencies to understand how they successfully tackle the menace of kidnapping. There are so many cases of kidnapping happening especially in the south of the country that barely receive the publicity being given the recent Chief Falae’s kidnap. The Senate Deputy President Ike Ekweremadu was recently lamented about the abject failure of the Police to effectively combat the spate of violent kidnapping. He of all people was a victim of the malaise. The protection of lives and properties of every Nigerian should be the inescapable priority of any government. Tackling the menace of kidnapping with the same momentum as the army is raining down on Boko Haram insurgency would be to the benefit of the entire nation.
    Any person convicted in the court of law for kidnapping or have accessories to the facilitation of this scourge should be made to face the firing squad of executors. I will pay to watch!