Fubara Signs New Executive Order To Create Rivers State Investment Promotion Agency

Fubara Signs New Executive Order To Create Rivers State Investment Promotion Agency

Rivers State Governor, Siminalayi Fubara, on Monday signed Executive Order Number 2, 2024, to establish the Rivers State Investment Promotion Council.

The State Attorney General and Commissioner for Justice, Dagogi Iboroma, presented the draft order to Governor Fubara for his assent at the executive council chamber in Government House, Port Harcourt.

In his remarks, Governor Fubara said that this action aligns with the recommendations of the committee that organized the State Economic and Investment Summit in May.

He emphasised the importance of having a one-stop shop for investors to make inquiries and receive advice on investments.

Governor Fubara said the initiative demonstrates his administration’s commitment to enhancing the state’s economic landscape.

He announced that the agency’s board will be formed in the coming days and expressed optimism about attracting robust investments in agriculture and healthcare.

According to him, the tension being faced in the country will reduce by 70% if the cost of living is drastically reduced.