Niger Delta
Fubara signs Executive Order to establish Rivers State Investment Promotion Agency
Governor Siminalayi Fubara of Rivers, on Monday signed Executive Order Number 2, 2024, to establish the Rivers State Investment Promotion Council.
Fubara while signing the Executive law, said that the action was in line a
with the recommendations of the committee that organized the State Economic and Investment Summit in May.
He also said that the State was open to robust investment climates for prospective investors to explore with guarantee of safety for their investments.
The Governor said; “What we just did today is in line with one of the recommendations of special committee that handled the economic investment summit.
According to him, as a fall out of that summit, we all agreed that the windows and the big doors for economic advancement of the state have been opened.
He also emphasised the importance of having a one-stop shop for investors to make inquiries and receive advice on investments.
“But it would be very important for us to have a one-stop shop, that will assist the investors, when they come in, they don’t need to run around wrong individuals or associations that will rip them off their investments, ” he said.
Fubara noted that what he has done was to tell the world that it is not just about the summit, but living up to his promises that Rivers State would be economically great again.
He said the initiative demonstrates his administration’s commitment to enhancing the state’s economic landscape.
The governor announced that the agency’s board would be formed in the coming days and expressed optimism about attracting robust investments in agriculture and healthcare.
According to him, the tension being faced in the country will reduce by 70 per cent if the cost of living is drastically reduced.
”Now that we have the order for the agency signed and delivered to the good people of Rivers State and prospective investors.
”The other part of it will commence and we are looking forward to a robust business deals that will be coming into our State. More especially in the areas of healthcare and agriculture,” he added.
The Governor who identified high cost of living as the major challenge in the country, emphasized that agriculture and health care would take priority in the economic revolution in the state as a practical measure of reducing the high cost of living of the people.
He commended the Rivers State Attorney General and Commissioner for Justice, Dagogo Iboroma, SAN, for a job well done and charged members of the state executive council to work hard as a team to achieve the desired objectives of economic development in the state.
Photo: Gov. Siminalayi Fubara signing Order 2 to establish Rivers State Investment Promotion Agency while the Attorney-General, Dagogo Iboroma, SAN, watches
