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Jonathan, Dickson Drum Investment Support for Bayelsa

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The drive by Governor Seriake Dickson  for inflow of investment into Bayelsa State got a big boost yesterday with President Goodluck Jonathan leading calls for willing investors to explore and invest in the vast economic potentials that the state has to offer, particularly in the areas of oil and gas, agriculture, seaport development and the tourism sectors.

The president who made the call  while declaring open a  3-day Bayelsa Economic and Investment Forum with the theme, Unlocking Bayelsa State’s Economic Potentials: Opportunities and Challenges  which started yesterday in Yenagoa, said the state has potentials to drive the nation’s economy, adding that, for this feat to be achieved, there is need for peace and unity. The summit drew over 400 participants around the globe.

According to De-Saint OnlineNews, the President, represented by Vice-President, Namadi Sambo, said that prevalence of  peace and unity is the  panacea for economic growth and  the only way to attract foreign investors not only to Bayelsa State, but to the Niger Delta region as a whole.

Drawing the attention of investors to the state’s unique coastline and green vegetation, President Jonathan stated that, if well harnessed it would increase the state,’ Gross Domestic Product, (GDP).

Earlier in his address, Governor Seriake Dickson described the turn out of investors as massive, disclosing that over four hundred participants from different parts of the globe registered for the investment and economic forum.

He highlighted the areas that the government is looking forward for partnership to include, agriculture, road construction, power generation, small and medium enterprises development, the tourism industry. The governor said this would assist in preparing the state’s economy beyond oil and gas.

He said the Bayelsa Development and Investment Corporation, BDIC which has an asset base of over N300 billion was set up to drive government’s public/private partnerships for the overall development of the state as government alone could not shoulder the responsibility of addressing the challenges of the state.

Responding to questions from an investor on government bureaucratic challenges, Governor Dickson said the BDIC and the Bayelsa Investment Promotion Agency, BIPA were established to facilitate investments in the state.
The ministers of Petroleum Resources, Mrs. Diezani Alison-Madueke and her Trade, Industry and Investment counterpart, Dr. Olusegun Aganga as well as the former chairman of the Peoples Democratic Party, Alhaji Bamanga Tukur were among dignitaries that delivered goodwill messages.

Mrs. Alison-Madueke said the federal government has taken practical steps to deepen its partnership with Bayelsa on a number of projects, including the Brass Liquified Natural Gas (BLNG).

According to her, the final investment decision (FID) will be reached in the first quarter of next year, as the federal government intends to create more jobs in the state through various programmes, using the Nigerian Content Development and Monitoring Board.
She noted that, work on a pipe mill development project at Polaku in Yenagoa local government area was ongoing in addition to the proposed industrial park at Otuoke.

In his remarks, Aganga noted that Bayelsa, like Nigeria possesses a viable macro economic environment for investments to thrive, noting that, the State accounts for more than 30 per cent of the nation’s crude oil production and could do well in agriculture, if the much needed investment is made in the sector.

Keynote Speaker, Mr. Jim O’Neil, Retired Chairman of Gold Sachs Asset Management, represented by Chairman of the World Economic Forum, Lord Malloch-Brown stressed the need to build an inclusive political government, create critical infrastructure as well as build institutions to gain the confidence of investors.

Article Credit: Thisdaylive

Updated 5 Years ago

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Tags:     Bayelsa Economic and Investment Forum     Governor Seriake Dickson     President Goodluck Jonathan     Namadi Sambo