Gov Fubara signs executive order to establish state investment promotion agency

Governor Siminalayi Fubara of Rivers State has signed an Executive Order to establishment an investment agency that will coordinate business interests expressed by investors who now consider the state as a destination of choice.

Fubara signed the Executive Order No. 002 of 2024 for the establishment of the Rivers State Investment Promotion Agency presented to him by the state Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, SAN, at the Executive Council Chambers of Government House in Port Harcourt on Monday.

The governor explained that what he has done is to give force to one of the recommendations in the report submitted to him by the committee that handled the organisation of the Rivers State Economic and Investment Summit in May.

He said it is undisputed that the summit served as a veritable platform to open up the state for economic advancement, adding that the investment promotion agency will be a one-stop-shop to handle all related activities seamlessly in the State.

Fubara said: “This will enable investors, when they come in; they won’t need to run around, and maybe, fall into wrong hands or associations that will want to reap them off their investment stakes.

“With this, they will have an agency that they could go to, liaise with and the agency will have the required answers to whatever it is that they will need to address concerns before it.”