Nigeria’s oil-rich Rivers State has a unique opportunity to emerge as a beacon of progress, replacing hopelessness with hope, according to former Apex Bank governor Sanusi Lamido Sanusi. At the same time, Rivers State Governor Siminalayi Fubara has highlighted the state’s efforts to create a more vibrant, investment-friendly environment, aiming to reassure investors of the requisite return on their investments. Located in the Niger Delta region, Rivers State is a key oil-producing area in Nigeria. It hosts several major oil companies and boasts several oil wells. Despite its vast oil wealth, the region has faced oil theft and sabotage over the years and suffers from a high unemployment rate. Building an investor’s paradise However, Fubara emphasized that his administration is taking measures to re-industrialize the state and bring back numerous production factories that had shut down operations. During the two-day Rivers State Economic and Investment Summit (RSEIS), themed “Rivers Emerge:…
