Rivers State Governor Siminalayi Fubara has attributed the decline in the state’s economic growth to previous mismanagement but assured residents that his administration is committed to restoring Rivers to its former status as a thriving and economically vibrant state.
Speaking during the inauguration of the new board for the Rivers State Investment Promotion Agency at the Government House in Port Harcourt, Fubara urged the newly appointed board members to use their expertise to restore the state’s economic glory.
Focus on Economic Revitalization and Key Sectors
Governor Fubara emphasized the potential of Rivers State, which boasts significant natural resources, including oil and gas, as well as increasing internally generated revenue (IGR). However, he acknowledged that much more needs to be done, urging the board to focus on sectors such as agriculture, manufacturing, production, and wealth creation, to drive the state’s economic transformation.
“Rivers State has the resources—oil, gas, and a growing IGR—but we need strategic leadership to harness these blessings. The Investment Promotion Agency is critical in restoring Rivers to its rightful place,” Fubara said.
He also assured the board of his administration’s full support, encouraging them to help the state attract back investors who had left in previous years due to various challenges.
Revitalizing Key Economic Zones
Governor Fubara cited specific areas, including Trans Amadi and the Onne gas hub, as potential zones for economic revitalization. He called for proactive measures to rebuild these areas into thriving business hubs, noting that Rivers State has the resources and infrastructure necessary for sustainable growth.
“We have to work towards making Trans Amadi the business hub it used to be and further develop the Onne gas hub as part of our campaign promises,” he added.
New Leadership to Drive Change
The newly inaugurated board of the Rivers State Investment Promotion Agency includes Lawrence Fubara Anga (Chairman), Dr. Chamberlain Peterside (Director General), Tamunoibuemi Life-George (Secretary), and board members Goodliffe Mmekini, Harvey Ideozu, and Baritorlenu Kpagih.
In his remarks, Anga expressed gratitude for the opportunity to lead the agency and affirmed the board’s commitment to supporting Governor Fubara’s vision for economic transformation.
“Together with the Governor’s leadership and support from all stakeholders, we are confident in our ability to fulfill our mandate and help Rivers State reclaim its position as an economic powerhouse,” Anga said.
