The Enugu State Government and Austrian business WANDE NEXUS signed a $100 million agreement on Monday to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure Project in Enugu.
The firm would inject the capital as Foreign Direct Investment to update water infrastructure following the signing, which took place at Government House in Enugu in the presence of Austrian Ambassador to Nigeria, Thomas Schlesinger.
Governor Peter Mbah described the signing as an example of the connection that might exist between a sub-sovereign and a sovereign, as well as a significant step toward bringing water to the last mile in Enugu City.
“We now have an investment of $100m to deal decisively with the last mile connection, the downstream part of our water system.
“This huge sum shows that the economic reforms of the Federal Government and our effort to position Enugu as the premier destination for investment are yielding results because this is a major FDI, not just for us as a state, but even as a country.
“For the record, this is not a case where we are just signing an exploratory agreement. “This is an agreement for funds to begin to flow,” Mbah said.
In an address, Schlesinger stated that the Austrian government strongly supported the investment.
He praised Mbah for developing the required international ties and demonstrating a strong dedication to improving the lives of his people.
He clarified: “Gov. Mbah is a great friend of Austria.”
