Yenagoa - Freda Murray-Bruce, the Director-General, Bayelsa Investment
Promotion Agency (BIPA), on Friday said that some investors from Pakistan and
Turkey had indicated interest to invest in Bayelsa.
Murray-Bruce told the News Agency of Nigeria (NAN) in Yenagoa
that investors from the two countries had visited the state and
signed Memoranda of Understanding (MOU) with the state government.
She said that the investors included Heritage Oil Company UK, Drill
Stem Testing (DST) Petroleum Ltd, the Lagray Chemical USA and Turkey Management
“The investors have indicated interest in the real and service sectors and
have signed memoranda of understanding with the government.
“The Heritage Oil Company UK will develop hydro-carbon resources, while
Drill Stem Testing (DST) Petroleum is to establish a fertiliser plant in Brass
Local Government Area of the state.
“The Lagray Chemical USA is for the development of pharmaceutical products,
while Turkey Management is for building aquarium facility,” she said.
The company director reiterated BIPA’s commitment to re-position the
business climate in Bayelsa and its readiness to make the state a
preferred investment destination for investors worldwide.
“We want to make Bayelsa the foremost private sector-led,
multi-sectoral global business hub in Africa.
“We have developed and launched a website: www.bipa.gov.ng to create a platform for interaction
with the international business community,’ she said.