Our Mission Is To Grow Economy, Stimulate Private Investments, Says Fubara

The Rivers State Government says its central mission is to grow the economy and stimulate private investments by giving businesses the confidence they need to invest in the State.
Governor Siminalayi Fubara disclosed this during the Niger Delta Economic and Investment Summit at Obi Wali International Conference Centre, in Port Harcourt, last Friday.
Represented by his Deputy, Prof. Ngozi Nma Odu, Governor Fubara said his Administration has made its commitment clear and effective by ensuring the safety, security, and sustainability of investments in the State, noting that the Rivers State Investment Promotion Agency has been established as a one -stop shop for promoting investments in the State.
According to the State Chief Executive, “While the nation’s macroeconomics are beyond us, we have sustained a stable fiscal policy, improved access to land titles, and significantly eased entry requirements into business activities in the State.”
He said more resources are being channeled into human capital development, including the provision of quality education, healthcare delivery and the reduction of poverty.
Governor Fubara also disclosed that under his watch the State Government is providing access to credits and financial services for micro, small and medium enterprises with a 4billion naira matching fund with the Bank of Industry as well as ensured the recapitalization of the State Government owned Micro Finance Bank to ensure that the poor have access to business funds at a little interest rate.
The Governor, who expressed confidence that the State has a brighter economic future, stressed that it would remain focused on the central mission to grow the economy through private sector investments.
Governor Fubara however, regretted that despite the Niger Delta Region’ celebrated economic potential, the region continues to suffer from underinvestment and low economic growth, noting that apart from the oil and gas industry, hardly can we see large-scale commercial investments in agriculture, mining, energy, manufacturing, real estate, industrialisation, construction, engineering, science and technology in any of the Niger Delta States while urging Governments at all levels, ancillary development institutions and policymakers to adopt viable measures to attract direct foreign and internal investments.
Also speaking the Minister of Regional Development, Engr. Abubakar Momoh, who was represented by the Permanent Secretary of the Ministry, Dr Shuaib Belgore, said the region’s useful population provides an opportunity to invest in technology-driven industries that can harness the creativity and entrepreneurial skills of the population, stressing that digital skills training, tech-hub and start-up can drive a new wave of economic activity in the region.
He noted that President Tinubu‘s Administration has taken the lead by creating an enabling environment for businesses to thrive, by enacting investor-friendly policies, ensuring security and investing in critical infrastructure.
In his remarks, the Managing Director of the Niger Delta Development Commission, Dr Samuel Ogbuku, said the theme of the summit: “ Building Synergy” is apt, because he believes that true development can only be achieved in any society where there is synergy while calling on the Governors of the Niger Delta States to put together the resources of the region and synergize with the commission in attracting development to the region.
According to him, “Development is like a language, and for us to communicate the sentences must also align, if it does not align, we will not understand each other, In the Niger Delta, we have the resources, we have the infrastructure, so we need to synergize.” He further stressed.
Earlier the founder and convener of the Niger Delta Economic and Investment Summit and Niger Delta international festival and Trade Expo, Amb. Kenule Nwiya, thanked the State Government and the Ministry of Regional Development for their support in ensuring the success of the Summit.