The governorship candidate of the All Progressives Congress (APC) in Enugu State, Chief Uchenna Nnaji, yesterday, said if elected, his administration would establish Enugu State Development Bank ...
The governorship candidate of the All Progressives Congress in Enugu State, Chief Uchenna Nnaji, yesterday, said if elected, his administration would establish Enugu State Development Bank with a capital base of N250 billion to support businesses in the state.
“Government will own 10% equity in the Development bank while the people of Enugu and other private investors will own 90% equity. Any business we invest in, we do so with the private sector by investing 10% but when the business begins to do well, we will divest and move into another business,” he said.
The APC governorship candidate took a swipe at his Peoples Democratic Party counterpart, Mr. Peter Mbah, who he said prides himself as oil and gas guru, noting that the PDP candidate was a mere oil marketer, who came upon ‘sudden money’ and used same to build oil tank farms. “I’m the only businessman running for governorship; PDP candidate is not a business man, he did not grow in business he only jammed money and started oil marketing. Those of us in oil and gas business know what it means, building oil tank farm is only an arm of oil and gas marketing.”
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