Gov. Fubara Pushes for More British Investment in Rivers

Governor of Rivers State, Sir Siminalayi Fubara, has opened discussions with the British Government on attracting increased foreign investments that will further  strengthen the capability of entrepreneurs in the State.

The discussion between Governor Fubara and the British High Commissioner to Nigeria, (Abuja), 

Mr. Richard Montgomery, held behind closed doors at Government House in Port Harcourt on Wednesday.

After the meeting, the British Envoy spoke to newsmen and said that their discussion firmed up on the issues of strengthening the security architecture and expanding the prevailing economic opportunities.

The envoy stated that the discussion has laid the premise that will tremendously enhance trade and investment partnerships that will engender economic prosperity among the citizenry.

"I think, it is in our interest to trade, to gain mutual benefits from our investments. And for people in areas such as South-South (region) where livelihoods and jobs are essentially important, it is in our mutual interest to try and enhance our trade and investment partnership, generally."

"I am interested in understanding both the security and the economic situations because there is a lot of interests from UK businesses; from the city of London, about potential opportunities in this (Rivers) economy." 

"And of course, the city of London has an interest in Rivers State because of its strategic status, with strategic assets like oil and gas, strategic facilities that facilitate trade in all of Nigeria and indeed strategic institutions including big higher education up here."

The envoy acknowledged the current inflationary trend and foreign exchange situation that have made living difficult for Nigerians but expressed optimism in the reforms being implemented by the President Bola Tinubu-led administration.

"So, we are very interested in tracking what is going on. I feel very optimistic that there are huge assets and potentials here, and that the big reforms that are being implemented by the Federal Government, will result positively."


Signed


Boniface Onyedi 

SSA, Media to the Governor of Rivers State


January 24, 2024

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