Enugu State Government and Jelfah Nigeria Ltd, have signed a 40 billion naira deal for the revitalization of the long-moribund and state-owned Sunrise Flour Mills, Enugu.
The state governor, PETER MBAH, during the brief signing ceremony and public announcement, held yesterday at the state Government House, Enugu, reiterated his administration’s commitment, in reviving state owned moribund assets, and moving the state from a public to a private driven economy, through productive partnership.
MBAH revealed that Jelfah acquired 60 percent equity stake in Sunrise Flour Mills and is expected to invest 24 billion naira in the iconic mills, while the state government keeps 40percent, based on the existing assets of the company.
He assured Jelfah Group of his continuous support, and enjoined other prospective investors to come and invest in the state, stating that his administration has created an enabling environment for businesses to thrive in Enugu state, the premium destination for investment.
Earlier in his speech, the Director, Jelfah Group, MOSES SAROMI, who commended governor MBAH, for his dynamic leadership, said the state has made a remarkable strides in economic development, job creation and sustainable growth, adding that His dedication to the advancement of Enugu state, has laid meaningful cooperation with investors.
Urban radio correspondent, IFEYINWA OGBUE, reports that present to witness the signing of the Deal, includes, the Attorney General and Commissioner for Justice, Enugu state, KINGSLEY UDEH commissioner for trade, investment and industry, ADAORA CHUKWU, SPA on Agriculture, MIKE OGBUEKWE amongst others.
