Niger Delta
Jonathan Wants Koreans’ Investments In Bayelsa
Former President, Dr Goodluck Jonathan, has said great opportunities abound in Bayelsa State for foreign investors.
The former Nigerian leader stated this at a state banquet organised by the Bayelsa State Government in honour of the South Korean Ambassador to Nigeria, Kim Young-Chae, in Yenagoa.
It would be recalled that Amb. Young-Chae was on a two-day visit to the state.
Describing Bayelsa as a fertile market for foreign direct investment, Dr Jonathan said, not many foreign investors have discovered the state’s economic potential.
A statement by the governor’s Chief Press Secretary, Mr Daniel Alabrah, quoted the former president as urging the Korean envoy not to let slip the opportunity of harnessing the full potential of a virgin state like Bayelsa.
Jonathan commended Governor Douye Diri and his team for the great job of attracting economic giants like South Korea, noted for its technological advancement, to the state.
”Most cases, when companies come into Nigeria, they feel that they cannot invest in young states like Bayelsa, my own state, with relatively low infrastructure development, and have to go elsewhere.
“But Bayelsa is where you have the fertile market and luckily some of your companies like Daewoo and others are here. So they know that Bayelsa is a virgin state.
“This is a state you should encourage Korean investors to come in. The government, the governor and his team are very ready to work with investors.
“It is a great opportunity because when I heard that the Korean Ambassador was around, I said I would come to join the governor to convey this message to you and other investors. I know that when they do, they won’t regret it”, he said.
In his remarks, Governor Douye Diri said, South Korea, which is a world power in technology and among the 10 largest economies in the world, is the right destination to partner with Bayelsa and make the state achieve its full economic potential.
Senator Diri emphasised that his government was fully committed to moving the state in the direction of economic and technological development.
He said this was the reason for the symbiotic relationship between both parties.
The state’s helmsman expressed delight in the feedback from the Korean ambassador, whom he said promised and made encouraging remarks during his oversight trip to various investment destinations in the state.
The governor urged businessmen in the state to take advantage of the relationship established with the Republic of South Korea.
“You have said so much about South Korea and even our former president alluded that your country was once very poor. But today, South Korea is among the ten largest economies in the world. Today your country is an economic giant and a technological power.
“We believe that every development will start from somewhere. We are prepared to leap Bayelsa state in the direction of economic and technological development. That was why we visited you and you have reciprocated by also visiting us.
“During our oversighting visit to some of the projects, you made very encouraging remarks. Today you have capped it in what you have said here. We believe that our businessmen in Bayelsa would take advantage of this relationship with the Republic of South Korea.
“We believe that, for those from Bayelsa that have been yearning for businesses, this is a golden opportunity and let us not let it to slip by,” Diri said.
By: Ariwera Ibibo-Howells, Yenagoa
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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