Bayelsa State is to establish two free trade zones to woo investors as the Seriake Dickson administration gets set to boost the economy of the riverine state. Commissioner for Trade and Investment Kemela Okara said in Lagos yesterday that beyond the incentives, the legal framework that will enable investors – both foreign and local – to enjoy the benefit of their investment would be put in place. To actualise this, the state will host an investment and economic forum in its capital Yenagoa between July 16 and 18. Media Adviser to the Governor, Daniel Iworiso-Markson, said the state’s Internally General Revenue (IGR) has been boosted to N1billion monthly from a paltry N50milion raked in before the Dickson administration. The target according to him is to move it up to N3billion. The state is also set to build a 500-room hotel to boost tourism, which is one of the areas of comparative advantage. It has hosted major national and international entertainment events Okara said the theme of the forum, which is “unlocking Bayelsa’s growth potential,” is apt because of the boundless opportunities available for investors to take. These are to be showcased during the forum, he added. According to him, “Bayelsa is looking for people to help us unlock our potentials especially in the area of agriculture. We produce rice which has a high grade grain, in large quantity.” The commissioner said the government had in the last two years undertaken a great drive for infrastructure development including building roads between Yenagoa and the major towns which has opened it up and prepared it to host massive investment. He said Bayelsa is also one of the safest places in the country, with a low crime rate, whic-Read more below
Posted on: Thu, 26 Jun 2014 18:53:29 +0000
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