The executive Gov of Rivers State, Sim. Fugbara has signed an Executive Order to give impetus to the establishment of an investment agency that will coordinate the barrage of enquiries and business interests expressed by investors who now consider the State as a destination of first choice.
Governor Fubara signed the Executive Order No. 002 of 2024 for the establishment of the Rivers State Investment Promotion Agency when it was presented to him by the State Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, SAN, at the Executive Council Chambers of Government House in Port Harcourt on Monday.
The Governor explained that what he has just done is to give force to one of the recommendations in the report submitted to him by the committee that handled the organisation of the Rivers State Economic and Investment Summit in the month of May, 2024.
He said it is undisputed that the summit served as a platform to open up the State for more economic development, adding that the Investment Promotion Agency will be a one-stop-shop to handle all related activities going on in the State.
“What we just did today is in line with one of the recommendations of the special committee that handled the Rivers State Economic and Investment Summit that was held in May this year.
“As a fall out of that summit, we all agreed that the windows and the big doors for economic advancement of the State has been opened. But, it will be very important for us to have a one-stop-shop.
“This will enable investors, when they come in; they won’t need to run around, and maybe, fall into wrong hands or associations that will want to reap them off their investment stakes.
“With this, they will have an agency that they could go to, liaise with and the agency will have the required answers to whatever it is that they will need to address concerns before it.”
Governor Fubara pointed to the fact that beyond organising the summit, his administration is showing that it can live up to fulfilling it’s promise of making Rivers State great again, economically.
Good move, this is a welcome development
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