Gov. Umahi Signs New Investment Law, Explains Why


Governor Dave Umahi has said he signed the new investor’s protection law to encourage and protect investments in the state.

The governor noted that one major hurdle investors faced was policy summersaults associated with frequent changes in government, stressing that with the new law; investors would have no fears doing business in the state, no matter the government in power.

He stated this at a meeting with National Assembly members from the state, captains of industry and the state indigenes residing in Abuja.

Umahi noted that there was need to encourage investors to invest in the state, leveraging on the infrastructure his administration has provided.

The governor, who argued that what discourage some investors from coming was changes in government policies, assured that with the law in place, Ebonyi is now safe for investment.

He urged Ebonyi indigenes to come home and invest, disclosing that the state has N3 billion at Zenith Bank for investors to access. He added that his administration has put in place an enabling and conducive environment for investors to come and tap from the programmes and policies of the state government.

Umahi identified profitable areas of investments in the state to include agriculture, the upcoming Ebonyi mall, the housing project and the international market, among others.

The governor who commended the people for their support and encouragement towards his administration, called for continued peace and unity in the state adding that one of his landmark achievements was the return of peace to the people of Ezza/Ezillo.


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