Governor Peter Mbah of Enugu State has expressed confidence that his administration is on course to achieve its ambitious N600 billion Internally Generated Revenue target for 2025.
He highlighted that reaching this milestone is crucial for financing key development projects aimed at transforming infrastructure, boosting economic growth, and improving the quality of life for residents across the state.
Mbah made this disclosure during his investiture as President of the Enugu Sports Club on Saturday night.
Mbah affirmed that his administration is deliberately moving away from reliance on federal allocations.
He said his administration is focused on strengthening domestic revenue generation through strategic reforms in tax administration, investment promotion, and the expansion of key economic sectors to fund sustainable development across the state.
“When we took over, the state’s IGR was about N25 billion. This year, our projected IGR is N600 billion, and based on the numbers we are seeing, we are not only going to meet this target but surpass it. This revenue growth is what enables us to make significant interventions across all sectors, from education to healthcare and beyond,” Mbah stated.
Reflecting on his administration’s bold plan to grow Enugu’s economy from $4.4 billion to $30 billion, Governor Mbah acknowledged that the vision was initially met with widespread skepticism.
At the time, the trending analysis did not support such a growth level. Achieving this target requires a 27 percent compounded annual growth rate, and some questioned how it could be realized,” he noted.
However, he maintained that with deliberate policies and strategic investments, the state is steadily progressing toward that goal.
Enugu State has also recorded significant progress in the agricultural sector as part of efforts to achieve its $30 billion GDP target.
In February, the state government, in partnership with WhiteRabbit Agro Limited, launched a 20-hectare pilot cocoa plantation in Nkanu East Local Government Area, aimed at driving large-scale cocoa production and processing.
The Commissioner for Agriculture and Agro-Industrialisation, Mr. Patrick Ubru, disclosed this.
“Our project partner is already developing 100,000 high-yielding and early producing cocoa varieties obtained from the Cocoa Research Institute of Nigeria (CRIN, Ibadan).
“This initiative is an opportunity for Enugu residents to embrace agro-business, make money, and contribute to the state’s economic growth,” he stated.
