Niger Delta
UNGA: Bayelsa Offers Investors Incentives
Bayelsa State Governor, Senator Douye Diri, has said his administration was encouraging investment in the state with incentives such as tax holiday and provision of land.
The governor who was the keynote speaker at the 10th International Forum on African-Caribbean Leadership in New York, United States of America, on Tuesday, also stated that with power now on the concurrent list, his administration was committed to enhancing electricity supply in the state with the signing of its electricity law as well as revamping its gas turbines to generate and distribute 24-hour power.
The Bayelsa helmsman, who showcased the investment and economic potentialities of the state, averred that its wealth were more in its maritime domain and that the government was diversifying the economy from its dependence on largely oil revenue.
He said this necessitated the creation of the Ministry of Marine and Blue Economy, the first state to do so in Nigeria, as well as vigorously constructing roads to access the Atlantic Ocean on the three senatorial flanks of the state.
He also urged investors to take advantage of the state’s abundant gas reserves to partner the government in establishing industries and create employment opportunities.
Diri stated that the government had prioritised security to encourage investors to come into the state.
“During the first four years of our administration, we made a deliberate choice to brand our government as the “Prosperity Government.” Prosperity has been the guiding principle of our work, merely an attractive mantra, but an honest belief that propels us as we strive for the betterment of our people.
“Bayelsa has enormous economic potential based on its location and natural resources. It sits on an extremely fertile land area, which is part of the third largest wetlands and mangrove forests in the world, contributing immensely to carbon sequestration.
“Our state is endowed with the longest coastline in Nigeria, measuring 203km, and is a natural access point to the Gulf of Guinea (one of the richest fishing waters in the world),” Diri said.
“Bayelsa has the widest access to the Atlantic Ocean in Nigeria. Therefore, it is an ideal location for international trade for West Africa, the Gulf of Guinea and beyond”, he said.
“In addition, Bayelsa has the largest gas reserves in Nigeria, exceeding 18 trillion cubic feet and supplies 60% of the Nigeria Liquefied Natural Gas (NLNG) resources.
“We are also developing a template for tax relief to investors just as we are looking at providing land as the state’s equity contribution to interested investors.
“Security of lives and property is our priority. We employed more of a non-kinetic approach to conflict resolution by engaging stakeholders. We have invested significantly in upgrading our security apparatus by deploying state-of-the-art equipment and technology”,he added.
The Bayelsa Chief Executive said government was leveraging technology to improve the education sector with the introduction of a technology-driven tool known as BayelsaPRIME (Bayelsa Promoting Reform to Improve and Modernise Education) as well as establishing of technical and vocational schools across the state to equip students with the skills to be self-dependent.
He added that the tuition, accommodation and feeding cost of the students are borne by the state government.
The governor expressed the hope that Bayelsa would gain a lot from the forum and solicited partnership to “develop innovative solutions to our environmental challenges, create jobs and economic opportunities for our people, improve access to healthcare and education, and build infrastructure that support business and investment.”
Director-General of the Bayelsa Investment Promotion Agency (BIPA), Barr. Patience Abah, also spoke on the investment prospects in the state.
Highpoint of the event was the presentation of the Best Performing Governor Award by Founder/Executive Chairman of the African Leadership Magazine, Dr Ken Giami, as well as the bestowing of honorary citizenship of the State of Georgia on Diri and legislative recognition of the South Carolina State Legislature.
Another honoree, Senator Sunday Katung representing Kaduna South, received the African Leadership Legislative Excellence Award.
The event held on the sidelines of the ongoing United Nations General Assembly (UNGA) and organised by the African Leadership Magazine.
The Tide learnt that the programme attracted several political, business and industry leaders, including President and Chairman, United States Export-Import Bank, Reta Jo Lewis, Governor of the Central Bank of Barbados, Dr. Kevin Greenidge, and President/Chief Executive Officer of Hightower Petroleum, Stephen Hightower.
Also in attendance were Rosalyn Henderson-Myers, a member of the South Carolina House of
Representatives, Dee Dawkins-Haigler, former chair of the Georgia Legislative Black Caucus, Harry Kalaba, former Zambia Minister of Foreign Affairs and Chairman, Citizens First Party of Zambia as well as Ms Nomvule Mokonyane, Deputy Secretary General of the African National Congress in South Africa and other leaders from Angola, Ghana, Uganda and South Africa.
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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