Rivers State Govern
ment says it plans to establish three industrial parks to boost economic development in the state.
The State Governor, Chief Nyesom Wike, disclosed this at the 32nd Annual General Meeting of the Manufacturers Association of Nigeria (MAN), Rivers and Bayelsa States branch held in Port Harcourt last Thursday.
Wike who was a Special Guest of Honour at the event, said the industrial parks would be sited at Eleme in Eleme Local Government Area, Trans Amadi which is in Port Harcourt, the state capital and Ahoada in Ahoada East Local Government Area of the state.
The Governor who was represented by the state Commissioner for Commerce and Industry, Hon Bright Jacob, stated that arrangement towards building the three industrial parks would commence as soon as possible.
He explained that the parks would be of huge support to private investors which would in turn create employment opportunities for people of the state, especially the youth.
The governor restated the commitment of his administration towards sustaining its private investors – friendly status and said the government was working on a blue print on taxation to address the issue of multiple taxation.
He further noted that the state had invested efforts in providing condusive environment for private investors on provision of massive, road infrastructure, crime fighting, amongst others.
The Governor said more than 15 companies owned by the state are moribund and threw an open invitation to interested members of MAN to come and manage them, stressing that the failed state of the companies was obvious indications that government is not a good manager.
Earlier in his welcome address, the Chairman of MAN, Rivers/Bayelsa branch, Prince Charles Beke, had commended Governor Wike for the bold initiative of his administration in infrastructure upgrade especially road construction, rebuilding of investors’ confidence in the state and move to harmonise taxes across the MDAs.
He noted that the present economic challenges faced by investors is a major setback to MAN stressing that the situation can only be survived by re-aligning business with efficiency, hence the theme of this year’s AGM which is “Re-aligning Business with Efficiency in a Constrained Economy”.
He appealed to both the Rivers and Bayelsa State Governments to disengage agents and consultants from the business of tax administration as it had caused a lot of harm to private operators and resulted in non-remittance of withholding taxes to government coffers.