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Bayelsa ready to host global leaders

02 July 2014, 19:27

Lagos - The Bayelsa State Government says it has concluded arrangements to host international business leaders at its maiden investment and economic forum which takes place in a fortnight.

The event is scheduled for July 16 and 18 under the theme, "Unlocking Bayelsa State's Economic Potentials."

Disclosing at a press briefing, the State Commissioner of Trade, Industry and Investment, Kemela Okara, said the forum was in line with the present administration's economic blueprint of a private sector driven economy which he said some foreign investors were already tapping into.

"Our expectation is that potential investors from different parts of the world, within Nigeria and Bayelsans in the Diaspora will come and take advantage of the various opportunities that exist in Agriculture, Aquaculture, Oil and Gas, ICT, Tourism and Hospitality, and Power," he said.

He further said that in line with the administration's vision of making the state the "Dubai of Africa" the government was creating an enabling environment complete with adequate security, infrastructure and an investor-friendly legal framework.

Some on-going projects which the commissioner said would delight potential investors include the Agge Deep Seaport, the Cargo Airport, the world class diagnostics centre, a multi-billion naira five star hotel as well as the free trade zone the state government is planning to establish where there will be non-application of local taxation.

The Director General of the Bayelsa Investment Promotion Agency, Freda Murray-Bruce said the choice to host many international events in the last two and half years evidently attests to the fact that it is the most peaceful state in the country.

Daniel Iworiso-Markson, the Chief Press Secretary disclosed that the state was now generating N1billion as internally generated revenue (IGR) per month, representing about 1000 per cent increase; a figure projected to hit N6 billion in the next few years. This, he noted, could only be achieved by inviting investors, both foreign and domestic, to invest.

Special Adviser to the Governor on Investment, Cyril Akika, disclosed that the government, in addition to the present power supply, was planning to generate 3,000 megawatts to boost power supply in the state.

- CAJ 

Tags lagos economy

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