Gov. Sim Fubara signs Executive order 002 of 2024 on Rivers State Promotion Agency into law
Governor Sim Fubara has signed Executive Order 002 of 2024, which establishes the Rivers State Promotion Agency. This agency is tasked with promoting the state’s economic development, attracting investments, and improving the overall business environment. The move is part of Governor Fubara’s efforts to diversify the state’s economy and reduce its dependence on oil revenues.
The Rivers State Promotion Agency will work closely with the private sector to identify investment opportunities, provide incentives for businesses, and facilitate the establishment of new industries. The agency will also focus on improving infrastructure, promoting tourism, and enhancing the state’s image as a desirable investment destination.
This initiative has been met with enthusiasm from both local and international investors, who see it as a positive step towards creating a more business-friendly environment in Rivers State. However, some critics have raised concerns about the potential impact on the environment and the need for transparent and accountable governance in the agency’s operations.
