Rivers State Governor Sim Fubara says the goal of his administration is to make the state the best place in the country to invest and do business by creating a vibrant, investor friendly business environment, and improving the ease of doing business to boost investors’ confidence.
Governor Fubara who declared open a two-day Rivers State Economic and Investment Summit says his administration has already implemented certain policy initiatives and reforms, including the prompt allocation and issuance of land titles to prospective investors and a moratorium on the state taxes and levies on new businesses.
It’s the start of the Rivers State Economic and Investment Summit holding in Port Harcourt the state capital.
The two-day event aims at advancing the huge profitable investment potentials of the state nicknamed, the “treasure base of the nation”.
Of late, the story has not been glowing for a state that was once an established commercial centre in Nigeria.
But Governor Sim Fubara is not the type who wastes time bemoaning a state’s predicament.
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Armed with the realisation that a resilient, robust and diversified economy holds the key to sustainable peace, security and progress, the Fubara administration has committed itself to the re-industrialisation of the state in partnership with the informal and organised private sector.
The state is hoping to leverage its enormous human and natural resources, including oil and gas, solid minerals, and an extensive coastline.
Governor Sim Fubara, who is also hoping to attract investment in agriculture, says his overall goal is to make Rivers State the number one investment destination in Nigeria
Speaking on the theme of the summit “Rivers Emerge: Pioneering Pathways to Economic Growth and Sustainability,” a former deputy governor of the Nigerian Central Bank Kingsley Moghalu says the reason why many African countries with rich resources are poor is because they are poorly governed.
He notes that the foundation for good governance no longer exists in Nigeria.
While applauding the efforts of the Rivers State Government, Professor Moghalu wants the state to attract investment that would promote human capital development across all sectors.
The summit continues on Thursday with former Central Bank Governor and 14th emir of Kano Sanusi Lamido Sanusi headlining the session as the keynote speaker.
(Editor: Ena Agbanoma)
