Delta Set To Establish Investment Development Agency – Okowa | Independent Newspapers Limited
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Delta Set To Establish Investment Development Agency – Okowa

operation, Ifeanyi Okowa; Delta; Urban planning law, C-Of-O
Posted: Jul 26, 2016 at 2:57 pm   /   by   /   comments (0)

Senator Ifeanyi Okowa, Delta State governor, has disclosed that the Delta State Investment Development Agency (DSIDA) would soon be established to harness investment potentials in the state.

Governor Okowa who stated this when he received Yves Nicolet, the Swiss Consular General, on Tuesday in Asaba, said that the state Investment Development Agency Amendment Bill was already before the state House of Assembly and would be approved in the next few weeks.

He explained that the agency would liaise with the organised private sector, embassies and investors the world over to utilise the investment opportunities and grow the state economy.

Governor Okowa explained that given the recent financial challenges facing the country due to dwindling oil prices, the state had embarked on the diversification of its economy through the agricultural sector using commercial farmers and other farmers on ground.

He said, “In the next few years, they will act as a pivot to aggregate our output, export our produce, improve our revenue and the life of the peasant farmers.”

Senator Okowa commended the Consular-General for the visit and assured him of the state’s readiness to collaborate with Swiss companies and investors to develop the state economy describing the state as the economic hub of the South-South region with the best enabling investment environment.

Earlier, His Excellency, Yves Nicolet, told Governor Okowa that he was in the state to explore the economic potentials stressing that the Swiss Government was interested in improving the bi-lateral trade relationship with Nigeria and diversifying its investments to states other than Lagos.