Fubara calls for private sector action on Nigeria’s blue economy
Governor Siminialayi Fubara has urged the organised private sector to quickly invest in Nigeria’s blue economy to prevent foreign dominance. Speaking at a conference in Port Harcourt, he highlighted the need for partnership between government and private businesses to unlock economic opportunities in Rivers State and across Nigeria. Fubara warned that if local investors do not act, foreigners will continue to exploit the country’s resources without benefiting the nation. Business leaders at the event praised the state government’s efforts to create a business-friendly environment and promote investment.
What we know
- Siminialayi Fubara emphasized that the private sector must act swiftly to harness Nigeria’s blue economy or risk losing it to foreign interests.
- He pointed out that foreign trawlers currently exploit local resources without paying taxes or contributing to the government.
- Fubara reaffirmed his administration’s commitment to fostering private sector participation, job creation, and investment.
- Jani Ibrahim, President of NACCIMA, commended the Rivers State government for its investment-friendly policies and infrastructure improvements.
- Chinyere Nwoga, President of the Port Harcourt Chamber of Commerce, highlighted the state’s readiness for business and its strategic importance in the region.
