Fubara Announces Creation Of Rivers State Investment Promotion Agency via Executive Order

Fubara Announces Creation Of Rivers State Investment Promotion Agency via Executive Order

On Monday, Governor Siminalayi Fubara of Rivers State signed Executive Order Number 2, 2024, establishing the Rivers State Investment Promotion Council. The draft order was presented to the Governor by the State Attorney General and Commissioner for Justice, Dagogo Iboroma, in the executive council chamber at Government House, Port Harcourt…….. CONTINUE READING

Governor Fubara noted that the creation of the council follows recommendations from the State Economic and Investment Summit committee held in May. He emphasized the need for a centralized hub to provide investors with information and guidance on investment opportunities.

“This initiative is part of our commitment to improving the state’s economic landscape,” Fubara said. He added that the agency’s board will be formed soon and expressed optimism about attracting substantial investments, particularly in agriculture and healthcare.

Fubara also highlighted the broader impact of the initiative, stating, “Reducing the cost of living significantly will address about 70% of the country’s current issues.”

He continued, “The establishment of this agency is a direct response to the recommendations from the summit. It is crucial for us to have a one-stop-shop for investors to avoid complications and ensure they receive the necessary support.”

The Governor assured that the signing of the Executive Order is only the beginning. He committed to seeing the agency fully operational and meeting the expectations of Rivers State’s residents and potential investors. “We are preparing for significant business opportunities, particularly in healthcare and agriculture. Our goal is to alleviate the high cost of living, which will address many of our current challenges,” he said.

Governor Fubara expressed his appreciation to Attorney General Dagogo Iboroma and other contributors for their efforts in implementing the summit’s recommendations.

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