Sir Siminalayi Fubara, Governor of Rivers State, has signed an Executive Order to establish an investment agency to coordinate the business interests of investors who consider the state to be a preferred destination.
On Monday, the Rivers State Investment Promotion Agency Executive Order No. 002 of 2024, which was presented to Governor Fubara by the state Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, SAN, at the Executive Council Chambers of Government House in Port Harcourt, was signed by Governor Fubara.
The governor explained that what he has done is to give power to one of the proposals in the report submitted to him by the organizers of the Rivers State Economic and Investment Summit which occurred in May.
He said the investment promotion agency will be a one-stop shop for all related activities in the State, and it is undisputed that the summit served as a veritable platform to open the state up for economic advancement.
According to Governor Fubara, “This will enable investors when they come in; they won’t need to run around, and maybe, fall into wrong hands or associations that will want to reap them off their investment stakes.
“With this, they will have an agency that they could go to, liaise with and the agency will have the required answers to whatever it is that they will need to address concerns before it.”
According to Fubara, the organization would be properly constituted within a few days.
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