In a move to stimulate investment, Rivers State Governor, Siminalayi Fubara, has signed an Executive Order to establish an investment agency.
This agency will serve as a hub for managing inquiries and business interests from investors who are increasingly seeing the state as a top investment destination.
Executive Order No. 002 of 2024 for the creation of the Rivers State Investment Promotion Agency was signed by Fubara. The order was presented to him by the state Attorney General and Commissioner for Justice, Dagogo Iboroma (SAN), at the Executive Council Chambers of Government House in Port Harcourt on Monday, as disclosed in a statement by the governor’s Chief Press Secretary, Nelson Chukwudi.
Fubara emphasized, “The Executive Order is in line with a recommendation from the special committee that managed the Rivers State Economic and Investment Summit in May. We all agreed that the state has now opened up significant opportunities for economic growth. However, it’s crucial to have a centralized system.
“This will prevent investors from navigating a confusing landscape and potentially falling prey to unscrupulous individuals keen on exploiting their investments.
“Through this agency, investors will have a single point of contact to address their concerns and get the necessary support before proceeding.”
Furthermore, Fubara highlighted that beyond hosting the summit, his government is committed to revitalizing the economy of Rivers State.
He added, “Our efforts won’t stop here. The agency will soon be fully operational. With the Executive Order in place, we are ready to serve the people of Rivers State and potential investors. Stay tuned for the next phase of action.
“We anticipate a surge in business activities, particularly in the healthcare and agriculture sectors. We are mindful of the challenges facing our nation, especially the rising cost of living and food security.”