Business
Group Lists Investment Opportunities In Rivers
The Chairman, Hospitality and Tourism Trade Group, Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture, PHCCIMA, Eng. Obidiah Ezenekwe, has said that the numerous investment opportunities that abound in the state are yet to be tapped by investors.
Obidiah, who made this known in a chat with The Tide in Port Harcourt, said there are numerous opportunities in the oil and gas industry, as well as tourism and manufacturing.
He said that the free oil zone in Onne, oil services and other industries require both foreign and local investors, adding that this accounts for the high rate of unemployment being experienced in the state and nation in general .
“The area involved in tourism has not been tapped up to 10 per cent and places like Okrika, Opobo, Bonny and other in the state are green areas for business opportunities, he said.
The chairman, who is also the vice chairman, Nigeria Hotel Association (Rivers State chapter) however called government’s attention to power and infrastructural problem, saying that if these two areas are squarely addressed, many industries would spring up which will handle the case of unemployment.
“Many hotels, cottage industries and companies are not operating fully. If they are operating fully they will employ more hands which will reduce security threat because youths would be gainfully employed,” he said, adding that 25 per cent of total expenditure goes to power in the companies.
He, however, commended Rivers State Government for improved power generation, stating that there is the need for federal government to allow the state use small aspect of what it is generating to better the lot of the state and open avenues for factories in Port Harcourt.