Fubara wants to rejig security, tax system to attract investors

Governor Sim Fubara of Rivers State has unveiled plans to attract investors, saying security boost and tax incentives were the key policy weapons.

The governor has thus assured of strengthening security in the state so as to create an enabling environment for investors to add value to its economy.

Fubara gave the assurance when he spoke at the unveiling of the third branch of Hypercity Supermarket in Rivers State, located at Ikoku Junction in Mile Two Diobu, Port Harcourt Local Government Area on Friday.

Read also: Fubara may want to fight for fame with project delivery, genuine ‘good governance’

He said he attended the event to demonstrate the importance of the investment and to announce the willingness of government to work with private investors who are increasing the volume of businesses that are economically empowering Rivers people and developing the state.

“It is incumbent upon us to ensure that we give this business entity the entire support that is needed. As a government, we will continue to give you security, tax holiday as you did mention that you were enjoying before I came in, and any other thing that you might want to require in the future.

“This is because government cannot do it alone. Government needs to join hands with everybody for the development of our dear State.”

Unveiling the third Hypercity, Oyo State governor, Seyi Makinde, commended the Rivers State government for creating the enabling environment and providing captivating incentives to investors, which is making the state reckon among those thriving in non-oil economic activities.

Read also: Fubara says Rivers’ development remains his greatest focus

Also speaking at the event, immediate past governor of Rivers State and minister of the Federal Capital Territory (FCT), Nyesom Ezenwo Wike, expressed delight that Hypercity had taken advantage of the conducive business environment provided to grow it’s stakes while also providing employment to the people.

Managing Director of Hypercity, Sunny Chawla, said they were delighted to open to the public the third branch of the supermarket in Rivers State, which is a one stop shopping place for quality goods and food stuff.