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Wike urges leading European investors to invest in Rivers State

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Rivers State Governor, Nyesom Wike

Rivers State Governor Nyesom Ezenwo Wike has declared that his administration has implemented sound economic policies and programmes that have made the state the investment destination of Nigeria.

A statement signed by Special Assistant to Rivers State Governor on Electronic Media, Simeon Nwakaudu, said Wike, who spoke during a special investment programme organised for Rivers State by the Financial Times tagged: “Invest in Rivers State,” at their headquarters in London yesterday, told the select investors at the event that return on investment in the state is the highest in Nigeria.

He said: “The Government of Rivers State remains committed to making Rivers State the best place in Nigeria to live, work and do business through the implementation of sound policies and creating the enabling peaceful, secure and friendly environment for doing business.

Investors are warmly welcomed, Rivers State awaits you.”

According to him, the Rivers State Government under his leadership has provided visibility gap funding, minimum revenue guarantee, provision of land for development, provision of subsidies and reduction of/exemption from payment of taxes and levies.

He told the European investors that investment opportunities exist at the Greater Port Harcourt City Development Authority, where his administration has established framework for public-private partnership, land subsidies and the development of infrastructure.

He also stated that there are investment opportunities in the area of manufacturing where investors can take advantage of the Trans-Amadi Industrial Estate.

In his remarks, Commercial Director of Financial Times in charge of Africa and Middle East, Mark Carwardine, assured the Rivers State Governor that the message of the investment potentials of Rivers State would promote economic growth in the state.

Also, Vice Chairman of Westminster Africa Business Group, Mr. Tim Johnsen, noted that the presentation of Governor Wike has highlighted key areas of investment to be explored by European investors.

The Chief Executive Officer of Invest Africa and United Kingdom Business Council for Africa, Karen Taylor, said that the state government had redefined the economic advantage of Rivers State, making it attractive to the world.

While Editor, Special Reports of Financial Times, Leyla Boulton, said Rivers State had become Nigeria’s leading economic destination due to the programmes initiated by the governor, a Senior Consultant at Control Risks, Imad Mesdoua, expressed satisfaction with the quality of information and opportunities that Wike exposed to Europe on Rivers State.


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