The Director General of Bayelsa Investment Promotion Agency (BIPA), Ms Freda Murray-Bruce has said the state is safe for investment and ready for economic and enduring intercontinental business activities.
The Director General stated this to news men in her office while reacting to the successful hosting of the 1st Bayelsa State Investment and Economic Forum in Yenagoa.
Ms Murray-Bruce, who noted that the 1st State Investment and Economic Forum was marked with several activities aimed at promoting investment opportunities in the state, added that it was equally utilized to dissect the theme of the Forum ‘Unlocking Bayelsa State’s Economic Potentials: Opportunities and Challenges’ in five key areas where the state has comparative economic advantage.
The areas include expansion of oil and gas value chain to encourage local participation, capital allocation as well as development of the agriculture sector.
Others are the leveraging of new frontiers of technology and e-Commerce, and international bench-marking of the state's efforts in the hospitality and tourism sectors.
She further said that through the Forum the present administration has shown it's desire to develop a private sector-driven economy capable of creating job opportunities and wealth in Bayelsa State.
The BIPA boss added that the event is tailored to seek private collaboration to build foundations of private enterprise as a sustainable avenue for the state and the country.
She equally hinted that the event was rounded off with the state government's signing of multiple MoUs designed towards economic diversification, independence and development.
The MoUs signed include the N25billion SMEs development fund partnership agreement with the Bank of Industry, Mainstreet Bank and the Bank of Agriculture, the signing of an agreement with Proton Energy for the construction of a 500 megawatts power plant.
There was also an agreement with Banner Energy for the siting of a gas plant and a mini LNG in the state as well as another one with Ostertrade for the establishment of ceramic tiles, glass as well as tomato paste and bean canning industries.
The state government equally signed memoranda of understanding with the Federal Ministry of Communications Technology and four media organizations.
Source; http://www.dailytimes.com.ng/article/bayelsa-safe-investment-says-bipa-dg
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