Business
Enugu Air, airport concession to support state’s $30bn economy goal — official
Enugu State is counting on its new airline and the concession of the Akanu Ibiam International Airport, enugu, to support its plan of growing the state’s economy from $4.4 billion to $30 billion by 2031, the Secretary to the State Government, Chidiebere Onyia, said on Tuesday.
Mr Onyia spoke during the Renewed Hope Media Tour of the airport, where he outlined how the state government’s plans to use aviation, tourism, and agriculture to drive economic growth.
According to him, the airport concession is part of a broader strategy by Governor Peter Mbah’s administration to re-position Enugu as a major economic hub in the South-east.
“We looked at Enugu as an economic hub where tourism, hospitality, investment and aviation can work together to drive growth,” he said.
Mr Onyia said the state expects an increase in visitor traffic in the coming years and believes air transport will play an important role in supporting that growth.
He explained that the government’s projections are linked to plans to attract tourists, investors and businesses to the state.
According to him, depending entirely on commercial airlines could limit the state’s ability to move people into Enugu efficiently.
That, he said, informed the decision to establish Enugu Air.
“If we’re expecting people to come into Enugu, then we can’t depend solely on third-party airlines based on their schedules,” he said.
Mr Onyia disclosed that Enugu Air has six aircraft, describing it as the first phase of the project.
The state government also expects the aviation project to support tourism development.
Mr Onyia said efforts are ongoing to revitalise tourist sites across the state, including attractions expected to draw more visitors to Enugu.
He said that improved access to the state would complement investments in tourism and hospitality by making it easier for visitors to travel to various destinations.
“If people are going to come here for tourism, they need to be able to get into Enugu, and when they get into Enugu, we’ll need places for them to visit,” he said.
He also noted that the airport infrastructure will also support the state’s agricultural development plans through cargo operations.
According to him, the cargo terminal will make it easier to move goods and agricultural produce within and outside the state, creating more opportunities for businesses and investors.
“This is also going to help our agricultural investment outlook because this is where the cargo terminal will be, where we can move things in and out of the state,” he said.
He added that the government’s vision is to use aviation infrastructure to strengthen trade and economic activities across the region.
Private sector-led approach
Mr Onyia said the state adopted a private sector-driven model for the airline and airport projects to ensure efficiency and sustainability.
According to him, professionals with industry experience have been involved in developing the airline and setting up its governance structure.
He said the approach is intended to avoid challenges often associated with direct government management of commercial enterprises.
READ ALSO: ENSSAA to begin enforcement against unauthorised outdoor advertisements across Enugu State
Providing an update on the airport concession process, Mr Onyia said October has been set as the timeline for the next phase of activities.
He explained that the current stage marks an important milestone in the project and will allow concessionaires and contractors to begin work at the site.
Mr Onyia also acknowledged the support of President Bola Tinubu and the Federal Ministry of Aviation in advancing the project.
According to him, federal approvals helped move the initiative from the planning stage to implementation.
The concession of the Akanu Ibiam International Airport followed approval by the Federal Executive Council as part of efforts to attract private investment into airport infrastructure.
In January, the Minister of Aviation and Aerospace Development, Festus Keyamo, signed a concession agreement with Aero Alliance for the operation of the airport.
Under the arrangement, ownership of the airport remains with the Federal Government, while the concessionaire will operate, maintain, and upgrade the facility.
The project has attracted public attention in recent months as the Federal Government and Enugu State continue efforts to re-position the airport as a major gateway for business, tourism and trade in the South-east.
First HoldCo Plc has appointed Gwen Mwaba as a non-executive director of the financial institution, effective 15 October, following an approval by the Central Bank of Nigeria (CBN).
The lender disclosed the appointment in a regulatory filing signed by Abiola Baruwa, the group company secretary, on Thursday.
First HoldCo said the appointment was made in accordance with the Nigerian Exchange Limited (NGX) Rulebook.
According to the lender, Ms Mwaba brings significant expertise in corporate governance and board oversight, credit risk and portfolio management, banking strategy, capital deployment, structured trade and commodity finance, development finance, environmental, social and governance (ESG) issues, and emerging-market risk.
Profile
Ms Mwaba brings nearly three decades of experience in global banking and development finance institutions, with particular expertise in credit risk oversight, portfolio governance, corporate and sovereign lending, structured trade and commodity finance, development finance and emerging markets.
Until recently, she served as managing director of Trade Finance and Correspondent Banking at the African Export-Import Bank (Afreximbank), based in Cairo, Egypt.
In that role, Ms Mwaba had executive leadership responsibility for trade finance and structured credit activities across Africa and the Caribbean.
The newly appointed director also oversaw a $19.5 billion portfolio of sovereign, financial institution and corporate exposures.
She contributed to the bank’s Pre-Credit and Credit Committees, providing senior credit judgement on major lending transactions. She also oversaw portfolio strategy, sector exposures and country risk limits.
Before that, Ms Mwaba served as regional head for Anglophone West Africa at Afreximbank, overseeing regional strategy and credit origination across Nigeria, Ghana, Sierra Leone, Liberia, The Gambia and Cape Verde.
Earlier, she was executive vice president of Structured Trade and Commodity Finance at Standard Bank Plc, London, where she was responsible for complex commodity finance, export credit agency-backed facilities and pre-export financing transactions across Africa.
Her earlier banking career included senior roles at Stanbic Bank Zambia and Standard Bank South Africa, including head of Vehicle and Asset Finance and head of Corporate Banking.
READ ALSO: CBN restates single-digit inflation target as FG woos investors with tax credits
Ms Mwaba’s wider industry experience includes membership of the editorial board of Trade Treasury & Payments.
Until recently, her also served on the Multilateral Institutions Board Advisory Panel of the International Trade and Forfaiting Association (ITFA) and the World Trade Organization-led Expert Group on Trade Finance.
Ms Mwaba holds a Master of Business Administration (MBA) from Heriot-Watt University, United Kingdom, and a Bachelor of Science (Honours) degree in Applied Accounting from Oxford Brookes University, United Kingdom.
She is a Fellow of the Association of Chartered Certified Accountants (FCCA) and holds a professional qualification from the Chartered Institute of Transport.
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70-TRANSFORMER PROJECT REACHES 98% COMPLETION AS PLATEAU EXPANDS POWER ACCESS
There could be brighter days ahead for Tudun Wada and several other communities across Plateau State, as the state government says its ongoing 70-transformer electricity intervention project has reached 98% completion. ⚡️
The intervention is aimed at improving electricity supply and expanding access to power in communities that have experienced inadequate or unreliable electricity supply.
Among the communities listed to benefit from the intervention are Tudun Wada, Naraguta, Rikkos, Nasarawa, Agingi, Longwa, Zawan and Du, alongside other communities across the state.
💡 TUDUN WADA AMONG BENEFICIARIES
For residents of Tudun Wada, the development could mean improved power capacity for homes, businesses, shops, schools and other community activities.
Reliable electricity remains an important part of everyday life, particularly for small businesses and entrepreneurs who depend on power to operate equipment, preserve goods and provide services.
From barbershops and salons to restaurants, cold-drink businesses, tailoring shops, phone charging centres, printing businesses and other small enterprises, improved electricity supply could help reduce dependence on alternative sources of power.
⚡️ OLD TRANSFORMERS TO BE REFURBISHED
According to the Commissioner for Water Resources and Energy, Hon. Bashir Lawandi Datti, the intervention is not only about installing new transformers.
Some existing and old transformers are also being refurbished and redeployed to areas where they are needed.
This approach is expected to help maximise available infrastructure while extending electricity support to more communities.
🏘️ GOVERNMENT TO PRIORITISE AREAS WITH GREATER NEED
Governor Caleb Manasseh Mutfwang has also approved the relocation of some transformer units to communities considered to have greater electricity needs.
The move is expected to ensure that available power infrastructure is directed to areas where it can have the greatest impact.
With the project now reportedly at 98% completion, attention will be on the final stages of implementation and when the affected communities will begin to fully experience the benefits.
MORE POWER, MORE OPPORTUNITIES
Electricity is more than just light in our homes.
For local businesses, it can mean longer operating hours, reduced operating costs and increased productivity.
For students, it can provide better conditions for studying at night.
For households, it can bring greater convenience.
And for communities like Tudun Wada, improved electricity supply could support economic activities and contribute to a better quality of life.
💡 More transformers.
⚡️ More communities.
🏘️ More access to electricity.
📈 More opportunities for Plateau residents.
But the big question remains:
👇 TUDUN WADA RESIDENTS, HOW HAS ELECTRICITY SUPPLY BEEN IN YOUR AREA RECENTLY?
Are you already noticing an improvement, or are you still waiting for the intervention to take effect?
Tell us your area and your experience in the comments. 👇
#PlateauState #TudunWada #Jos #Electricity #PowerSupply #PlateauNews #JosNews #Plateau #CommunityDevelopment #MorePowerMoreOpportunities
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