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A prosperous Rivers State is built on many core factors, one of which is economic growth and industrialization, according to Siminalayi Fubara, governorship candidate of the People's Democratic Party, PDP, in the March 18, election.
As a candidate with foresight seeking the highest level of job in Rivers State, Fubara believes that Rivers State should focus on providing an enabling environment for businesses to thrive and encouraging foreign investment.
In Fubara's view, these initiatives will create long-term economic stability, create jobs, and attract more investors to Rivers State.
Fubara is convinced that with the right strategies and infrastructure, Rivers State could become a major economic hub in the region.
The following is Rivers State's agenda for economic growth and industrialization according to Siminalayi Fubara.
To develop and implement a 10-year Rivers State Reindustrialization Masterplan to provide the road map for achieving the industrial transformation of the State.
To continue to improve the ease of doing business in Rivers State to attract local and foreign investors to the State.
To implement a business-friendly fiscal regime and incentives for the private sector to thrive in the State.
Further liberalize the processes for the acquisition and registration of land titles, including the issuance of Certificates of Occupancy for commercial, industrial, manufacturing, and agricultural purposes.
To encourage the private sector to build industrial and business parks in each of the senatorial districts of the state.
To collaborate with the Federal Government to reactivate the existing seaports and railway lines in Rivers State.
To encourage and support Rivers State indigenous entrepreneurs with incentives to expand their businesses or start new business ventures in the State.
Facilitate the establishment of economic hubs in mechanized agriculture, manufacturing, the digital economy, and oil and gas in partnership with the private sector, and support the growth of micro, small, and medium-scale businesses in the State.
Encourage private investors to take over and revive state companies.
Establish the Rivers State Sovereign Wealth Fund.
Establish
and strengthen Rivers State Investment Company to coordinate the
State's industrialization drive.
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