Rivers State Governor Siminalayi Fubara has announced that the state’s recent economic growth is mainly driven by a variety of activities beyond oil revenue. This shift has created a more inviting environment for investors, resulting in the re-opening of numerous businesses in the region.
According to an interview with The Guardian, Fubara noted that one key area experiencing significant transformation is Trans-Amadi, which has changed from a largely underutilized area to a bustling business hub with limited space available due to ongoing developments. This revitalization demonstrates a growing confidence among investors in Rivers State.
Governor Fubara emphasized the importance of diversifying the economy and expressed optimism about future growth, particularly in agriculture. He urged residents to remain patient and promised that they would soon be able to see the state’s progress firsthand during an organized tour showcasing these developments.
According to Fubara, “All our revenue improvements you have heard are not from oil, it’s from other economic activities that are taking place here, the comfort investors are seeing. People are coming back to Rivers State to re-open their companies and businesses, this means we are doing something right.”
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