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Bayelsa to host business leaders

Bayelsa State Government will from July 16 to 18, host global business leaders at its maiden investment and economic forum, Bayelsa State Investment and Economic Forum, with the theme, Unlocking Bayelsa State’s Economic Potential.

Briefing newsmen yesterday in Lagos, the state Commissioner for Commerce, Trade and Investment, Kemela Okara, said the forum will provide an opportunity for foreigners and Nigerians who want to invest in the state to interact with government officials.

He assured that the legal framework to protect all business interests of potential investors would be taken care of in addition to the Free Trade Zone will be established as an incentive to the investors.

Chief Press Secretary to Governor Seriake Dickson, Mr. Daniel Iworiso-Markson, who was also at the briefing said Governor Seriake Dickson’s administration had raised Bayelsa State’s monthly Internally Generated Revenue (IGR) to N1bilion from N50million it met, saying the goal is to raise it to N6billion.

According to him, “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 local to invest. We hope to be self-sustainable, not depending on oil or 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. The state has put a lot in place to host this conference in terms of infrastructure, developing Small and Medium scale Enterprises (SMEs). We want a sustainable development and partnership that work,” he said.

Some of the key areas which the forum will focus on are Oil and Gas, Agriculture, Hospitality, entertainment and tourism, and Power.


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