Economy

Enugu Governor Proposes South-East Common Market to Boost Regional Economic Integration

Share
Share

The Governor of Enugu State Peter Mbah has called on the South-East to reimagine itself as a unified economic bloc warning that the region can no longer afford to operate as five separate states. Speaking at the South-East Vision 2025 Regional Stakeholder Forum held at the International Conference Centre in Enugu Mbah urged leaders to embrace coordinated development to unlock collective prosperity.

Addressing Vice President Kashim Shettima and stakeholders, the governor commended President Bola Tinubu for elishing the South East Development Commission as a catalyst for regional growth. He proposed the creation of a South-East Common Market describing it as a borderless integration of commerce talent and industry across the five states.

“By fusing our five distinct economies into one powerhouse we are no longer just negotiating for a seat at the table; we are building the table ourselves,” Mbah said. He emphasized that the initiative goes beyond a policy shift and represents the awakening of an economic giant capable of transforming the South-East into a seamless theatre of enterprise.

Mbah outlined that global prosperity increasingly favours regions that can integrate markets organize at scale and develop strong systems. He described the South-East Vision 2050 as a framework to tackle challenges beyond the capacity of individual states while stressing the need for immediate action.

He called for a region-wide feasibility and project preparation phase jointly funded and governed by all five states. Key to integration would be the development of logistics and connectivity including interstate road rail and multi-modal systems to facilitate the movement of goods and people. He stressed that these must be treated as regional assets rather than state prestige projects.

The governor also highlighted security as shared infrastructure advocating for cross-regional coordination shared intelligence interoperable communication and a centralized response hub to ensure that state and federal security agencies function as one system. Additionally he called for alignment of investment rules regulatory processes and dispute resolution mechanisms to present a unified front to investors and citizens.

Mbah lamented that despite shared identity and culture the South-East continues to suffer from fragmentation which he described as a present-day constraint. He urged that Vision 2050 be treated as a framework for immediate action to build integrated systems capable of harnessing the region’s economic potential.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Economy

Uber Exits Nigeria After 12 Years as Drivers and Analysts Point to Competition and Business Model Flaws

After 12 years of operation, Uber has withdrawn from Nigeria's ride-hailing market,...

EconomyMetro

Uganda Names Crude Oil Blend Pearl Sweet as Commercial Production Nears

Uganda has officially christened its crude oil blend Pearl Sweet, marking a...

Economy

Italian High Speed Trains Begin European Expansion as Fire Damages Palermo Shopping Centre

Italy's state railway company has launched trial runs of its distinctive Frecciarossa...

EconomyWorld

US and Venezuela Sign Major Oil Agreement Amid Controversy

The United States and Venezuela have formalized a sweeping energy agreement in...

Economy

US Stock Futures Dip as Oil Surges Past $90 on Middle East Tensions

American stock futures opened lower on Wednesday as crude oil prices surged...

Economy

US Stock Futures Drop as Bond Yields Surge to Multi-Year Highs, Oil Prices Spike

American stock futures opened September trading under pressure as a worldwide selloff...

EconomyPolitics

Ooni of Ife Endorses Tinubu’s Economic Policies, Cites Market Growth

Nigeria's revered traditional ruler, the Ooni of Ife, Oba Adeyeye Ogunwusi, has...

Economy

What Nigerian Investors Should Watch Before Market Opens September 1

September trading kicks off with investors scanning global cues and domestic market...