…Signs Executive Order 2, 2024 to establish Investment Agency
….Assures reduction of cost of living in the State.
Rivers State Governor, Sir Siminalayi Fubara has declared that Rivers State is open to robust investment climates for prospective investors to explore with guarantee of safety for their investments.
Governor Fubara made this known at Government House, Port Harcourt on Monday, while signing into law Executive Order 2, 2024, establishing the Rivers State Investment Promotion Agency as part of the recommendations of the Committee that handled the Rivers State Investment Summit organized on the 22nd and 23rd of May 2024.
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. 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.”
“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. But they now have an agency to liaise with and the agency will have the required answers to whatever their needs are”.
He pointed out that what he has done is to tell the world that it is not just about the summit, but living up to his promises that Rivers State will be economically great again.
“We are not going to end here. In a couple of days the agency will be properly constituted. 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.”
The Governor who identified high cost of living as the major challenge in the country today, emphasized that agriculture and health care will 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.
Earlier the Attorney General and Commissioner for Justice, Dagogo Iboroma, SAN, had during the presentation of the Executive Order 2, 2024 to the Governor for signing into law, stated that the law will, “harness the gains of the summit and serve as a vehicle to drive, promote and creat a conducive environment for investment development in Rivers State through public private partnership, privatisation, commercialisation and enterprise development in the state.
