The Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA) Plc, Oliver Alawuba, has urged leaders and stakeholders in the South-Eastern region to prioritise security, infrastructure growth, and bankable projects as key drivers for the region’s long-term development under the South-East Vision 2050 (S8V2050) agenda.
Speaking at the South-East Vision 2050 Regional Stakeholder Forum held at the International Conference Centre in Enugu, Mr. Alawuba emphasised that peace and security are fundamental prerequisites for attracting investment and unlocking economic potential in the region.
Don’t Miss This:How open banking could reshape digital lending in Nigeria FairMoney MD
“The first thing the South-East needs is peace. It is an established fact, world over, that investments flow in the direction of safety,” he stated, noting that safety remains the first test investors consider before committing capital.
He also challenged stakeholders to craft clear, measurable, and investment-ready projects that can draw long-term capital, create jobs, and improve living standards for residents.
Mr. Alawuba lauded recent progress on road construction and critical infrastructure in the South-East, while stressing the need for further expansion of reliable power supply, motorable roads, rail connectivity, water systems, and digital infrastructure to enhance productivity and competitiveness.
Don’t Miss This: How open banking could reshape digital lending in Nigeria FairMoney MD
In his remarks as Chairman of the Body of Banks’ CEOs and speaking on behalf of Corporate Nigeria, he emphasised the importance of a results-driven government–private sector partnership to mobilise capital, support small and medium enterprises (SMEs), and realise the South-East’s development goals.
The forum brought together senior government officials, including the Vice President of Nigeria, South-East state governors, federal lawmakers, development partners, and private sector leaders, all aligning around strategies to accelerate implementation of the Vision 2050 blueprint.
Image Credit: Nairametrics
Source: Nairametrics
