The Director-General of
Bayelsa State Development Promotion Agency, Mrs Freda Bruce-Benneth, has said that the state’s 2nd Economic Investment Forum would look at the need to diversify the economy.
Bruce-Bennett in her release at the weekend said that the forum which comes up from 29th -31st July 2015, would look at the business areas where the state has comparative advantage over others.
The DG noted that the focus would be on oil, gas, agriculture and power, adding that the 1st summit which had over 800 participants succeeded in showcasing and unveiling Bayelsa business strength, as well as identifying of the opportunities across all sectors.
According to the Agency’s boss, Bayelsa has the largest deposit of natural gas in Nigeria, acting that the state would facilitate investment into power generation in order to add 5,000mw to the national grid.
She said that the state was committed to already investors to expand the cultivation, processing and marketing potential of rice and palm oil, adding that the state would be leveraging on the clear underlying economic potential.
Bruce- Bennett said the forum would bring together large-scale farmers and financers, who would tap the enormous agricultural potentials of the state.
She said that Eco Industrial Park (EIP) will leverage current and future power generation potential to attract diverse manufacturing businesses to be cited at the EIP.