Diversify Your Economics, EU Tells N’Delta Govts

As governments in the South-South consider plans for the diversification of the economy of their states, the Head of the European Union Delegation to Nigeria, Ambassador Michel Arrion has cautioned against moving away from oil and gas.
Arrion, at an investors’ forum put together by the Rivers State Entrepreneurs and Investment Forum in Port Harcourt, the Rivers State capital, challenged governors of the Niger Delta states to consider making the oil and gas market work better as a way of reenergizing the economy of the region.
The head of the EU delegation also advised governors in the South-South states to also consider diversifying the economy of the region within the oil and gas sector, by increasing investments in sectors that would derive major input from the oil and gas industry.
The President of the Rivers State Entrepreneurs and Investment Forum, Ibifiri Bobmanuel, said Rivers State, and indeed, the South-South states are not tapping fully into the investment potentials available in the region.
A participant at the forum and the CEO of the Promise Fast Food, Toyin Alabi, expressed optimism that more investments will come to Rivers State soon.
The Tide recalls that the forum was put together as a way of harmonising ideas from captains of industry from within and outside Nigeria on ways to ensure sustainable environment for investment to thrive in Rivers State in particular, and Nigeria in general.