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‘Foreign investors flood R-State ‘

Following the cre-ation of enabling environment for businesses in Rivers State, foreign investors are now exploring investment opportunities, Commissioner for Commerce and Industry, Prince Ogbonna Nwuke, has said.

Nwuke, who spoke in an exclusive interview with Vanguard in Lagos, yesterday, said such business explorations were in oil and gas and the hospitality industry particularly.

According to him, the state government is deliberately opening up the non-oil sector to reduce its reliance on oil revenue, which is currently thinning out.

In this regard, Nwuke said some South African investors had taken over the International Airport Hotel in Port-Harcourt.

Similarly, he said some Chinese investors had also indicated interest in the development of a tourist resort at Gokana as well as the re-development of Olympia and Delta Hotels.

This, he added, would be executed by the Chinese in partnership with the state government.

Nwuke said, “God has blessed Rivers State with a lot of potentials and this present government is ensuring that they do all they can to welcome investors who are interested in exploring the opportunities that abound in the state.

“Procuring flight tickets to Port-Harcourt these days is something one has to book in advance for flights to Port-Harcourt are always filled with travellers and foreign investors seeking to explore opportunities.”
in the oil and gas sectors as well as the non-oil and gas sectors”

He also attributed the interest of foreign investors in the state on the relative peace the federal government’s amnesty programme had engendered in the Niger Delta in general and the state in particular.

He said government was only acting in proactive manner to open up other sectors of the state’s economy to make the development of the economy a wholistic one.

Nwuke, who noted that the tourism sector could become the mainstay of the state’s economy, said the state government would ensure that the peace that had been attained in the state was sustained to encourage more investors to be attracted to the state.


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