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Bayelsa ends investment, economic summit [Sun, The (Nigeria)]
[July 19, 2014]

Bayelsa ends investment, economic summit [Sun, The (Nigeria)]

(Sun, The (Nigeria) Via Acquire Media NewsEdge) Bayelsa State Government has rounded off its 3 day in­vestment and economic forum by signing a N25 billion SMEs develop­ment partnership agree­ment with the Bank of Industry, Mainstreet Bank and the Bank of Agriculture in Yenagoa, the state capital.

MoUs were also signed with Ostertrade for the es­tablishment of ceramic tiles, glass and tomato paste and beans canning industries, Proton Energy for the con­struction of a 500 megawatt power plant, and Banner Energy for the siting of a gas plant and a mini LNG in the state. The state government equally signed memoranda of understanding with the Federal Ministry of Com­munication Technology and four media organizations, comprising Channels Tele­vision, Africa Independent Television (AIT), Nigeria Television Authority (NTA) and Silverbird.

The Minister of Com­munication Technology, Dr. Omobolaji Johnson signed on behalf of the Federal Gov­ernment, while Secretary to the State Government, Pro­fessor Edmund Alison Oguru and Information Commis­sioner, Deacon Markson Fe­fegha signed on behalf of the state government.

Speaking at the forum, Governor Seriake Dickson said SMEs remained a criti­cal aspect in implementing the economic diversification policy of his government. Urging the people of the state to key into the SMEs pro­gramme for the creation of wealth and job opportunities, the governor stressed that the era of dependence on politi­cal patronage was no longer sustainable.

Governor Dickson, who also signed and presented some copies of certificates of occupancy to Julius Berger Plc. and other individuals, underscored the importance of the land title document in addressing the issue of ac­cess to business finance.

While assuring the part­ners of the judicious use of the funds, he maintained that government has put in place measures to closely monitor the beneficiaries of the SMEs for effective management of the fund.

In her remarks, the Min­ister of Communication Technology, Dr. Omobolaji Johnson said, Bayelsa State has been chosen for what she described in a smart state to increase its level of internet connectivity as 20% of the state is yet to be covered by mobile signal." She com­mended the state govern­ment's huge investments in security, noting that ICT is a critical component in the de­velopment of any economy, with great potential for job creation.

(c) 2014 The Sun Publishing Limited. All Rights Reserved. Provided by SyndiGate Media Inc. (

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