Fubara: Mismanagement Responsible for Rivers’ Economic Drift

Blessing Ibunge in Port Harcourt

Rivers State Governor, Siminalayi Fubara, has attributed the drift in prospective economic development of the state to mismanagement.

The governor, however, assured that the state under his watch would be restored and transformed to its rightful position as an enviable and economically viable State.

Fubara disclosed this yesterday, while inaugurating the new board of the Rivers State Investment Promotion Agency at the Government House, Port Harcourt.

Addressing the inaugurated board, Fubara charged them to deploy their wealth of experience and expertise in different fields to restore the lost economic glory of the state.

He pointed out that although the state was blessed with enormous natural resources of oil, gas and improved Internally Generated Revenue (IGR), much still needed to be done to develop the state, stressing that the Investment Promotion Agency was strategic to achieving the desired economic development in the state.

The governor, who restated the commitment of his administration to fulfill the promises of developing every sphere of the state’s economy, enjoined the new agency to concentrate on agricultural development, manufacturing and production, wealth creation and employment, assuring that he will provide all the necessary support for them to succeed.

“People were leaving other places to come and stay, live and do business here. It got to a time when things turned around, maybe will I call it expansion of the state, because normally development comes with its own challenges.

“But in the other hand it is not really the cause, it was a mismanagement of our blessing. Channeling our blessings into the wrong cause, and this in one way or the other, set Rivers State to become pitiable economically.”