News Column

Bayelsa, U.S. Delegation Discuss Investments

June 13, 2014

Augustine Osayande

BAYELSA State Government has assured investors of safety and security of their investments.

The State Governor Seriake Dickson gave the assurance at a meeting with officials of a United States based company, Yeffetmesika Group, at the Bayelsa House in Abuja.

The governor restated his administration's commitment to partner and encourage investors towards fostering economic prosperity as well as expanding the base of the state's economy.

He said opportunities in the state included crude oil and gas.

He noted that the state had the highest Gross domestic Product (GDP), in addition to being ranked as one of the safest regions in the country.

"Bayelsa is naturally endowed and we have the highest Gross Domestic Product (GDP)in the country and this is in addition to the investments we have made as a government in security of lives and property. We have consistently been rated as the safest state in Nigeria, so you can be rest assured of the safety of your investments and we are even doing more in this direction going forward."

The leader of the US team, Ron Yeffet, said they were exploring business in Bayelsa State.

He also expressed his organisation's willingness to make massive investments in the oil and gas as well as the power sectors of the economy.

He assured Governor Dickson of the company's readiness to deliver on a 100 MW gas power plant as well as other key infrastructures including a housing project in the state.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AllAfrica

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters