We Have Restored Back The Glory of Rivers Says Gov Fubara

Rivers State Governor, Sir Siminalayi Fubara, has expressed confidence that the ongoing two-day Economic and Investment Summit in the state would propel Rivers State to emerge as a premier investment destination, offering numerous economic opportunities for both domestic and global investors. Governor Fubara made this statement during his address at the summit, where he also outlined his administration’s commitment to making Rivers State the best place in the country to invest and do business by creating a vibrant, investor-friendly business environment, and improving the ease of doing business in order to boost investors’ interest and confidence.

The governor’s administration has already implemented certain policy initiatives and reforms, including the prompt allocation and issuance of land titles and certificates of occupancy to prospective investors and a moratorium on State taxes and levies on new businesses. His government is also working on the harmonization of State and Local Government taxes to eliminate double taxation and the imposition of multiple levies on investors.

In the first year of his administration, Governor Fubara received an appreciable number of expressions of interest from local and foreign investors in diverse sectors of the economy. He has signed a development agreement with TAF Nigeria Limited for the construction of 20,000 mixed houses in the Greater Port Harcourt City and another development agreement with Gosh Nigeria Limited for the construction of an international spare parts market.

Governor Fubara’s administration is committed to restoring the dignity of the Rivers State House of Assembly quarters by undertaking on-the-spot assessment of the condition of the structures for possible rehabilitation work to make it livable. He has also paid 30 percent of the contract sum to mobilize the contractors to commence work on the 12.5km Trans-Kalabari Road project, a move that has brought immense joy to the people of Kalabari Kingdom, who have long awaited the transformation of the swampy areas.

Governor Fubara has vowed to change the economic growth trajectory of Rivers State and has congratulated Muhammad Sanusi II on his reinstatement as the 14th Kano Emir. He has also stormed the House of Assembly quarters to assess the conditions of the structures for possible rehabilitation work to restore its status and make it livable.