The Bayelsa State Government said it has concluded plans to host global business leaders at its maiden investment and economic forum.
The investment forum tagged: “Bayelsa State Investment and Economic Forum,” has as its theme: “Unlocking Bayelsa State’s Economic Potential.”
The state Commissioner for Commerce, Trade and Investment, Kemela Okara, said yesterday in Lagos that the main incentive for investors wishing to invest in the state was a free trade zone, which the state was planning, noting that there would be non application of local taxation in the free trade zone.
Okara added that that government would ensure that stakeholders in the public and private sectors are present at the conference and promised that all the legal framework that would accommodate and protect all business interests of potential investors would be taken care of.
Also, the Chief Press Secretary to Governor Seriake Dickson, Mr. Daniel Iworiso-Markson, said the present administration in the state has raised the state’s Internally Generated Revenue (IGR) from N50million to N1 billion monthly. He stated that the goal of the state government was to raise the IGR to N3billion.
Also, the Chief Press Secretary to Governor Seriake Dickson, Mr. Daniel Iworiso-Markson, said the present administration in the state has raised the state’s Internally Generated Revenue (IGR) from N50million to N1 billion monthly. He stated that the goal of the state government was to raise the IGR to N3billion.
Furthermore, Iworiso-Markson said the state had put a lot in place to host the conference in terms of infrastructure and developing Small and Medium Scale Enterprises (SMEs).
“We want a sustainable development and partnership that work. More so, we are now targeting N6billion as IGR per month in the next few years. This can only be achieved by inviting investors, both foreign and domestic investors to invest. We hope to be self-sustainable, not depending on oil and not depending on monthly allocation.
“Like my governor would say, we are not looking for contractors but developers.
All unique opportunities in Bayelsa State would be articulated at the conference and it won’t be a regular talk-show,” he said.
“Like my governor would say, we are not looking for contractors but developers.
All unique opportunities in Bayelsa State would be articulated at the conference and it won’t be a regular talk-show,” he said.
Speaking on the forth coming conference, the Director General of the Bayelsa Investment Promotion Agency (BIPA), Freda Ruth Murray-Bruce said there were five areas of opportunities to be exploited by investors, who would show interest in Bayelsa.
She listed the areas as oil and gas, agriculture, technology and ICT, the hospitality business and power.
SOURCE; THE SUN
http://sunnewsonline.com/new/?p=69266
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