South-South states focus on blue economy and manufacturing for growth
The BRACED Commission, representing six South-South states, is prioritizing the blue economy and manufacturing to drive regional development. The commission aims to boost economic integration, job creation, and agricultural advancement across Bayelsa, Rivers, Akwa Ibom, Cross River, Edo, and Delta. A recent symposium in Port Harcourt brought together state officials, private sector leaders, and development partners to discuss investment opportunities and challenges. The commission is committed to shifting from a resource-dependent model to a diversified, investment-driven economy.
What we know
- The BRACED Commission is focusing on the blue economy and manufacturing to promote economic activities in the South-South region.
- A technical working group has been set up to develop a regional investment roadmap and implementation strategy.
- The commission aims to transform the region into Nigeria’s gas industrial hub, West Africa’s maritime gateway, and a center for value-added manufacturing.
- Mrs. Patience Ranami Abah was chosen to lead efforts in advancing the commission’s regional economic objectives.
- Major challenges identified include infrastructure deficits, environmental issues, governance deficiencies, and an unwelcoming business environment, but the commission believes these can be addressed through collaboration and targeted investments.
