Enugu govt, Austrian firm formalise $100m FDI

Enugu govt, Austrian firm formalise $100m FDI

The Enugu State Government and WANDE NEXUS, an Austrian firm, have formalised an agreement to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure (AMI) Project in Enugu.

With the signing, which took place, yesterday, at the Government House, Enugu, in the presence of the Austrian Ambassador to Nigeria, Thomas Schlesinger, WANDE Nexus is to inject $100 million as Foreign Direct Investment (FDI) to modernise water infrastructure, improve service delivery, and ensure equitable access to clean water for all households in Enugu City.

Governor Peter Mbah described the signing as an example of the relationship that could exist between a sub-sovereign and a sovereign, and a major step to getting water to the last mile in Enugu City.

He said: “We now have an investment of $100 million to deal decisively with the last mile connection, the downstream part of our water system….
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