Governor Peter Mbah of Enugu State has stated that the global economy is currently experiencing an unprecedented renaissance powered by technology, where ideas, codes, and data have overtaken physical assets as the primary drivers of value creation.
Speaking at a recent forum, the governor emphasized that the structure of wealth generation has fundamentally changed. According to him, nations and regions that once relied heavily on natural resources and traditional industries must now reposition themselves within a knowledge-based economy.
From Physical Assets to Digital Capital
Governor Mbah explained that the modern economy no longer depends solely on factories, oil wells, or landmass. Instead, intellectual capital, innovation, and digital infrastructure now determine competitiveness. In his view, technology has democratized opportunity, allowing individuals and startups to create global impact from virtually any location.
He noted that software platforms, artificial intelligence, fintech solutions, and data analytics have transformed how businesses operate and scale. Consequently, countries that invest in digital skills, broadband infrastructure, and innovation ecosystems stand a better chance of achieving sustainable growth.
Enugu’s Strategic Response
Furthermore, Governor Mbah outlined his administration’s commitment to aligning Enugu State with this technological shift. He highlighted investments in smart schools, digital training programs, and infrastructure upgrades designed to prepare young people for emerging industries.
In addition, he stressed the importance of creating an enabling environment for startups and technology-driven enterprises. By encouraging innovation hubs, supporting entrepreneurship, and strengthening public-private partnerships, the state aims to position itself as a competitive player in Nigeria’s digital economy.
Youth as the Core Asset
The governor also underscored the critical role of youth in this transformation. He argued that young people possess the creativity and adaptability needed to thrive in a rapidly evolving digital landscape. Therefore, equipping them with relevant skills remains central to the state’s development strategy.
He maintained that economic growth in the 21st century depends less on physical infrastructure alone and more on the capacity to harness ideas and innovation. As a result, Enugu’s policy direction focuses on education reform, technology integration, and digital literacy expansion.
A Call for Forward-Thinking Governance
Governor Mbah concluded by urging policymakers at all levels to embrace forward-thinking governance. He emphasized that failure to adapt to technological realities could widen economic disparities and limit growth potential.
Ultimately, Mbah remarks reflect a broader recognition that technology-driven transformation is reshaping global economies. By prioritizing innovation, data, and human capital development, Enugu State seeks to actively participate in — and benefit from — this ongoing global renaissance.
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