Rivers State Governor, Siminalayi Fubara, has signed an Executive Order to give impetus to the establishment of an investment agency.
The governor said the agency would coordinate the inquiries and business interests expressed by investors who now consider the state as a destination of first choice.
Fubara signed 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 Iboroma (SAN), at the Executive Council Chambers of Government House in Port Harcourt on Monday.
This was revealed in a statement by the governor’s Chief Press Secretary, Nelson Chukwudi.
The statement quoted Fubara as saying: “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 fallout 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.
“When investors come in, they won’t need to run around, and maybe fall into wrong hands or associations that will want to rip 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.”
Fubara pointed to the fact that beyond organising the summit, his administration was showing that it could live up to fulfilling its promise of making Rivers State great again, economically.
He said, “We are not going to end here. In a couple of days, the agency will be properly constituted. Now that we have the agency order signed, we are set to deliver to the good people of Rivers State and prospective investors; the other part of it will soon commence.
“We are looking forward to robust business deals that will be coming into our State, more especially in the area of healthcare and agriculture.
“We understand what is happening in our country today. Half of the trouble is about the issue of feeding: the high cost of living.”