Governor Siminalayi Fubara has stated that Rivers State remains the best investment destination for investors in the oil and gas sector.
The governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this assertion on Tuesday during the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation Oil and Gas Roundtable in Port Harcourt.
Fubara emphasised that the economic development and survival of Rivers State are closely connected to the growth of the oil and gas industry, which contributes over 40% of the country’s revenue and is the centre of Nigeria’s hydrocarbon industry.
The governor stressed his administration’s collaboration with the Federal Government and host communities to protect natural assets in the sector.
“Since the beginning of this administration, we have focused on safeguarding the national oil and gas assets in collaboration with the Federal Government, Security Agencies Communities and other Stakeholders, and we will maintain this commitment for as long as it is necessary,” he said.
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He also affirmed that his administration has established and maintained a conducive, peaceful, and secure environment for companies to open and flourish, a move aimed at stimulating the economy, generating jobs, and enhancing citizen well-being.
Fubara recognised the vital role indigenous companies are playing in advancing the oil and gas industry. He expressed his administration’s readiness to support indigenous organisations like the NESH Foundation.
He assured Nigerian-owned companies in the sector that the state is “ready and willing to respond positively to any administrative, policy, or legislative recommendations within our jurisdiction as a subnational state.”
The Founder of the NESH Foundation, Emeka Ugwu-Ozu, disclosed that the summit is intentionally held only in oil and gas-producing states to brainstorm and suggest best practices for local players.
He declared that, based on his observation, “Rivers State is back and open, safe and good for business.”
