Nwiyor Commends Gov Wike As Rivers Becomes Number One Foreign Investment Destination
The Director-General of Wike Solidarity Movement (WSM), Prince Sudor Nwiyor, has congratulated the governor of Rivers State, Chief Nyesom Wike, on the State’s emergence as Number One Foreign Investment Destination in Nigeria.
Nwiyor, who made the commendation in a telephone interview on Monday, while referring to a report by Nigeria Investment Promotion Commission (NIPC), said Rivers State became the number one state on the list of Foreign Investment Destinations in Nigeria because Governor Wike has provided a suitable environment for investors to come and do business in the State.
He said: “You know, investors would always want to invest in a place that is peaceful. You know, the Executive governor of Rivers State had been on top of the security situation and Rivers State is now as peaceful as it used to be. Rivers State has now got back its garden city status because of what His Excellency, Governor Nyesom Wike, has done and as a result, investors will want to come into the State”.
He explained that investors will be attracted to a place if there is constant electricity supply and a peaceful atmosphere, saying that Governor Wike has done exactly that in Rivers State and that he is not surprised about the rating.
Prince Nwiyor explained that the state’s position as the number one foreign investment destination in Nigeria means that Rivers State will have more internally generated revenue.
He used the opportunity to appeal to the people of the State to vote massively for Governor Nyesom Wike in the 2019 General Elections, saying that Governor Wike has so much more to do for the people.
Meanwhile, according to NIPC report, Rivers State topped the list of foreign investment destinations in Nigeria having received 35 per cent of the $45.74 billion invested in 42 projects in nine States and the Federal Capital Territory during the first six months of 2018 followed by Bayelsa and Lagos States which received 26 per cent each of the investments.
The Nigeria Investmennt Promotion Commission said that the sectoral analysis of the investment profile showed that mining and quarrying accounted for 61 per cent of the total investment while manufacturing took 28 per cent.
Other sectors, according to the report, are transportation and storage which took five per cent, real estate (three per cent) and the remaining sectors took three per cent.
The report further said that the investments came from investors in eleven countries of the world with French companies taking up 35 per cent of the total value followed by some Nigerian companies which took up 31 per cent.
The report said that the United Kingdom’s investment was at 20 per cent, Luxembourg had 7 per cent while the remaining eight per cent were from other countries.
