Rivers State Governor, Siminalayi Fubara, has signed Executive Order No. 002 of 2024 to establish the Rivers State Investment Promotion Agency. This agency will streamline the coordination of investment inquiries and business interests as Rivers State emerges as a preferred destination for investors.
The signing took place at the Executive Council Chambers in Port Harcourt on Monday, with the Executive Order presented by the State Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, SAN. Governor Fubara stated that this move implements a key recommendation from the Rivers State Economic and Investment Summit held in May.
The governor emphasized that the Investment Promotion Agency will serve as a one-stop-shop, simplifying the process for investors and protecting them from potential pitfalls. He assured that this is part of his administration’s broader effort to fulfill its economic promises and drive the state toward significant economic growth.
“We are not stopping here,” Governor Fubara said. “The agency will be fully constituted in a few days, ready to serve the people of Rivers State and prospective investors. We look forward to robust business deals, especially in healthcare and agriculture, which will help address the high cost of living.”
Attorney General Iboroma highlighted that the agency is crucial for harnessing the gains of the successful Rivers State Economic and Investment Summit. The agency will promote investment through various channels, including public-private partnerships and the commercialization of state-owned assets.
Governor Fubara concluded by thanking the Attorney General and his team for their efforts in bringing the committee’s recommendations to life, reiterating his commitment to making Rivers State economically vibrant.
