The Ooni of Ife, Oba Adeyeye Ogunwusi, has emphasized the deep bond and unity between the Igbo and Yoruba people, encouraging Igbo investors to focus on developing the economy of the South East. Speaking at the 35th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Enugu, the Ooni insisted on the cultural similarities and interdependence of the two ethnic groups, advocating for their collaboration for economic growth and prosperity.

According to a report by The Guardian, the Ooni stressed that the development of the South East region lies in the hands of its people, particularly Igbo investors. He pointed out that God has destined the Igbo for greatness, and their role in economic advancement is crucial.

During his address, Oba Ogunwusi highlighted the parallels between the Igbo and Yoruba cultures, suggesting a shared ancestry and the importance of unity for industrial growth. He lauded the Igbo for their entrepreneurial spirit, particularly in commerce and industry, calling them “the greatest entrepreneurs in our country.”

The Ooni encouraged cooperation among the Igbo community, emphasizing the need for unity and mutual upliftment. He also advised them to form alliances with suppliers to create manufacturing zones across the South East, emphasizing that the solution to insecurity in the region lies within the community.

Mrs. Ada Chukwudozie, Chairman of the MAN chapter, in her address, urged the Federal Government to introduce regional incentives to support manufacturers and attract investments. She advocated for the Eastern region to lead in initiatives like the African Continental Free Trade Area (AfCFTA) and for government support in tax harmonisation and fiscal policies.

Chukwudozie also called for the elimination of extortionate practices on the roads in the Eastern region, which hamper business activities, and appealed for an end to insecurity for the survival of the manufacturing sector.

Enugu State Governor, Peter Mbah, represented by his Deputy, Ifeanyi Ossai, welcomed manufacturers to expand their investments in the South East. He highlighted the state’s efforts to automate MDAs and streamline revenue collection to eliminate multiple taxation, assuring manufacturers of a conducive business environment in Enugu and the South East.