In a decisive move aimed at revitalizing Enugu’s economy, Governor Peter Mbah has signed a landmark N40 billion agreement with Jelfah Nigeria Ltd to restore the long-abandoned Sunrise Flour Mills in Emene. The deal, led by Jelfah’s Chairman, Moses Saromi, will see the company acquiring a 60% equity stake and investing N24 billion into the project—N22 billion for the revitalization and N2 billion benefiting the state directly.
This partnership marks a continuation of Mbah’s aggressive economic growth agenda, which follows a recent N100 billion deal to revive the Enugu United Palm Products Limited. The governor’s administration has committed to expanding the state’s economy from $4.4 billion to $30 billion through private sector investments.
The agreement also establishes a Special Purpose Vehicle (SPV) to own 10,000 hectares of farmland dedicated to growing cassava and grains for the flour mill. This step underscores the state’s emphasis on building a sustainable agricultural base to support industrialization.
Governor Mbah emphasized the state’s commitment to creating a business-friendly environment, inviting more investors to join the ongoing transformation. “Enugu State is open for business,” he stated, assuring potential partners that his administration knows how to create win-win deals for both investors and the people of Enugu.
The partnership with Jelfah Nigeria Ltd is expected to turn Sunrise Flour Mills into a hub of excellence, further boosting the state’s economic profile.
