FG, Abia sign deal for Enyimba Economic City

The Federal Government and Abia State Government have signed Definitive Agreements for the project between the Enyimba City Economic Zone Limited.

The signing took place at the Presidential Villa and the Federal Government was represented by Nigeria Special Economic Zone Company. President Muhammadu Buhari who witnessed the signing, commended the Governor of Abia State Okezie Ikpeazu for initiating the project, and thanked the host communities for their commitment to the project, saying that everyone should be more confident of the success of the project since the Minister of Trade and Investments, Okechukwu Enelamah, under whose portfolio it falls, hails from Abia State.

The President assured the people of Abia State and other Nigerians of the Federal Government’s support and cooperation towards similar project anywhere in the country.

Buhari specifically commended Abia State Governor, Okezie Ikpeazu, and some private sector investors represented by Crown Realties Plc who initiated and midwifed the Enyimba city economic zone project. He said such initiatives were exactly what his administration was desperately looking for to create employment for the populace and boost the national economy.

In his remarks, Ikpeazu, who led the delegation of leaders and stakeholders from the state, thanked the President for his support for the project, noting that Aba, a commercial city in Abia State where the project is sited, is strategically located for easy access from all Southeast and South-South States.

He disclosed that Aba alone has over 250,000 artisans engaged in various arts and trades, and that the Enyimba City zone covers three local governments of the state.

Ikpeazu noted that the project would not only be of immense benefit to Abia State but to the entire region and country. Professor (Eze) Maxwell Ogbulu, who spoke on behalf of the host communities, profusely thanked Ikpeazu for the project and informed the President that all the affected communities donated the land for it voluntarily because of the awareness of the enormous benefits to them and the nation.

He thanked Buhari specially for finding it worthwhile to have the signing ceremony hold at the Presidential Villa and for his magnanimity in ensuring the project came thus far and for personally attending the ceremony.

At the event were the former Senate President Adolphus Wabara; Vice-Chancellor of Abia State University; and some Abia State House of Assembly members, among others. On the government side were Enelamha; Governor of Central Bank, Godwin Emefiele; Minister of Information, Lai Mohammed and Secretary to Government of the Federation, Boss Mustapha.

Abia State Commissioner for Lands, Survey and Urban Planning, Uche Ihediwa, signed the agreement on behalf of the State government; Mr. Femi Edun, Director of Nigeria Special Economic Zone Company, signed for the Federal Government; while Mr Darl Uzu signed for Crown Realties Limited, the private sector developer.

MS & L GROUP ENGAGED AS MARKETING CONSULTANTS IN INDIA AND BRAZIL

As a drive towards enhancing the international visibility of Enyimba Economic City, the management of Enyimba Economic City Development Company Ltd (EECD) on Wednesday August 29, 2018 signed Marketing and Investment Promotion Agreement with MS & L Limited as Consultants in India and Brazil.

As part of the terms of the agreement, MS & L Limited is to leverage on its strong business networks in India and Brazil to identify and initiate discussions with Investors from both countries with African expansion plan or goals.

They are required to dutifully and professionally translate all necessary EECD documents to the local Lingua Franca for promotional activities.

By the terms of the agreement MS & L are also committed to securing no less than 10 target companies from each of the 2 countries to visit Nigeria for further engagement and contractual negotiations.

 

MS & L Limited is a Nigerian marketing company that partners with other marketing companies in other countries to promote specific investment interests, they are partnering with Linkoz Limited in India and Best Choice in Brazil for the investment promotions of the City.

TERM SHEET WITH FEDERAL GOVERNMENT FOR 20% EQUITY INVESTMENT IN EEC

The Federal Government of Nigeria (FGN) on August 17, 2018 through the Nigeria SEZ Investment Company Limited (NSEZCO) signed the Term Sheet (TS) as a basis for a definitive agreement for a 20% equity investment in Enyimba Economic City Development Company Ltd (EECD).

The Term Sheet capitalizes EECD at N50,000,000,000.00, NSEZCO will therefore acquire the 20% by paying for its shares in the company full in cash.

The Term Sheet specifies a maximum of 9 directors on the board of EECD with both NSESCO and Crown Realties appointing 2 directors each. Abia State and the Host Community will appoint 1director each.

By this agreement, 50% of capital of EECD is fully subscribed, leaving 50% for sale to the public, institutional and international investors.

Managing Director of Crown Realties Plc Mr C Darl Uzu signed the Term Sheet on behalf of Crown Realties Plc with Mr Femi Edun signing on behalf of NSEZCO.

 

ENYIMBA ECONOMIC CITY HANDS OVER PROJECT VEHICLE TO MINISTRY OF LANDS ABIA STATE

The management of Enyimba Economic City on July 18, 2018, presented a Toyota Tundra Pick-up as a project vehicle to the Ministry of Lands Abia State at the State Secretariat Complex.

The Managing Director of Enyimba Economic City Development Company Ltd, Mr C Darl Uzu while handing over the vehicle to the Commissioner of Land, Barr Uche Ihediwa stated that the vehicle was to assist the Ministry in the community engagement and enumeration exercise of the 34 communities within the Enyimba Economic City coverage area.

MEETING WITH GROUP FIVE IN SOUTH AFRICA

Exploratory collaboration meeting was held between Enyimba Economic City Development Company Limited (EECD) and South Africa organizations in both public and private sector in Sandton, Johannesburg, South Africa on Friday June 29, 2018.

The South African groups in attendance had representation from Themba Mosai, the Managing Director of Group Five, Zo Hlongwane, the Chief Operations Officer of Group Five, Lucy Chege the Head of Energy, Environment and ICT of Development Bank of Southern Africa (DBSA), Mr Thokoane Tsolo, SBU Head Rest of Africa Support of Industrial Development Corporation (IDC), Paul Mojalefa, the Business Development Executive of Export Credit Insurance Corporation of South Africa (ECIC), Department of Trade and Industry of South Africa (DTI), while Nigeria had representation from Nigerian Embassy in South Africa, Prof Onyi Nwagbara, the Secretary to the Board of Southeast Regional Economic Development Company (SEREDEC) and from Enyimba Economic City Development Company Limited (EECD), Mr C Darl Uzu, the Managing Director, Barr Chibuzo Ekwekwuo, the Company Secretary, Ozurumba Uzoma, the Project Manager and Dr Bernard Obika the Managing Director of Escher Silverman UK who is the Infrastructure consultant for the city.

The deliberation also explored how EECD can benefit from funds set aside by the South African government for developments within Africa.

EECD had earlier signed an agreement on development of some of the city’s infrastructure with Group Five a leading African construction, concessions and manufacturing group with the ability to deliver across the full infrastructure life cycle as well as with experience in creating large infrastructure solutions across Africa.

Mr C Darl Uzu the Managing Director of EECD while presenting Enyimba Economic City remarked that the project is not just a Nigerian Project but an initiative that has the capacity to transform Africa.

AGREEMENT FOR ESTABLISHMENT OF AMERICARE SPECIALIST HOSPITAL SIGNED WITH AMERICAN GROUP OF DOCTORS

One of the offerings of Enyimba Economic City is the creation of a world class medical and healthcare destination in the region by building a Tertiary Hospital that will have international certification for specialized care. In pursuant to that, the management of Enyimba Economic City Development Company Ltd (EECD) and Hospital Company LLC (THC) signed an Agreement to develop, build and operate a 200-bed tertiary care hospital as an integral part of Enyimba Economic City Medical and Education City.

 

THC is a specialist medical practice of over 50 top specialist physicians in the United States who have indicated interest to be part of the group.

 The surgical sub-specialties will major in Cardio Thoracic Surgery, ENT Surgery, General Surgery, Kidney Transplant, Neurosurgery, Ophthalmologic Surgery, Orthopaedic & Sports Medicine, Paediatric Surgery, Plastic and Burns Surgery, Spine Surgery, Surgical Oncology, Trauma Surgery, Urological Surgery and Vascular Surgery.

The medical sub-specialities on the other hand will include Allergy & Immunology, Cardiology, Critical Care Medicine, Dermatology, Endocrine & Diabetes, Gastroentroenterology, Haematology and Oncology, Infectious Diseases and Tropical Medicine, Internal Medicine, Nephrology and Dialysis services, Psychiatry, Pulmonary Medicine and Rheumatology.

THC will also work to provide Health Insurance Scheme either as an integral Initiative or as a stand-alone.

THC as part of the requirements for the Agreement have submitted an availability statement of 50 highly qualified, ethnically diverse Nigerian physician’s specialist that are all practising in North America and Western Europe. Part of THC’s long-term plan is to extend the list to 300.

IFC INDICATES INTEREST ON COLLABORATION WITH THE DEVELOPMENT OF ENYIMBA ECONOMIC CITY

Enyimba Economic City is attracting global attention as the International Finance Cooperation, an arm of World Bank, has through a proposal sent to the management of Enyimba Economic City Development Company Limited indicated interest to assist EECD, in advisory role as well as in securing debt and equity investments in infrastructure development for the city.

This followed a meeting of Mr C Darl Uzu, with top management of African Group in Washington in the past.

As a follow up, there was an extensive conference call between IFC and EECD management on Wednesday July 10, 2018 during which it was agreed that EECD management should respond to the proposal by indicating the areas they will be requiring support.

RUYI GROUP VISITS THE SITE OF ENYIMBA ECONOMIC CITY

A delegation from Ruyi Group visited the project location of Enyimba Economic City on a fact-finding mission on Saturday April 24, 2018.

They were received by Mr C Darl Uzu the Managing Director of Enyimba Economic City Development Company Ltd (EECD) in company of other members of the EECD Team.

The visit highlighted the connection of the project site to the A3 Enugu – Port Harcourt expressway, the railway line and the gas aggregation facilities at Owaza.

Other places visited were the 2 water sources for the city at the Azumini River and Imo River axis.

The current location of the 33 kV /11 kV lines with fiber optic cable lines strung on the OHL poles for large data transmission from the Aba IPP facility to the site was also noted as it is just about 5 kilometers from the Economic City.

Ruyi Group is one of the largest garment production industry in the world and are in discussion with EECD to take 300 Hectares of Land for the development of their factory within the Enyimba Economic City.

 

Mr Liming Sun expressed satisfaction with what they saw and invited the EECD Team for a factory tour in China.

 

ENYIMBA ECONOMIC CITY WILL CLOSE ECONOMIC GAP

The Governor of Abia State, Okezie Ikpeazu, has said that Enyimba economic city in Aba was designed to close economic gap in the South-East and South-South region of the country.
Ikpeazu, who disclosed this on the News Agency of Nigeria Forum in Abuja, said that the private-sector-driven city was an audacious project. 

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ENYIMBA ECONOMIC CITY PRESENTED TO SOUTH EAST GOVERNORS FORUM

On the South East Governors Forum Meeting of Sunday March 11, 2018, the Enyimba Economic City Project was presented to secure the buy in of all the Governors of South East Nigeria.

Speaking during the meeting Mr C Darl Uzu, the Managing Director of Enyimba Economic City Development Company Limited  said “We are 100% convinced that Enyimba Economic City will form an important node for the new economy of the South East and South South, when combined with the initiatives of SEREDEC, the various State Governments which will create and link development nodes of Nnewi, Onitsha, Enugu, Abakiliki, Owerri, Uyo, Port Harcourt and so on”.

The Governor of Abia State, His Excellency Governor Okezie Ikpeazu also added that the project was beyond Abia and encouraged his colleagues to offer every necessary support to make the project a reality.

Other Governors in the forum were His Excellency the Governor of Enugu State, Rt. Hon. Lawrence Ifeanyi Ugwuanyi, His Excellency the Governor of Ebonyi State, Engr. David Nweze Umahi and His Excellency the Deputy Governor of Imo State, Prince Eze Madumere who represented Imo State Governor.