RIVERS STATE GOVERNMENT READY TO GIVE TAX HOLIDAYS TO SERIOUS INTERNATIONAL INVESTORS SAYS GOVERNOR WIKE

In a move to attract international to Rivers State Governor, Nyesom Ezenwo Wike has stated that the State is willing to give tax holidays to serious  investors as incentive to invest in the State.

Speaking  at the  Government House, Port Harcourt on Friday when he granted audience to the South African High Commissioner to Nigeria, Mr Lulu Mnguni, Governor Wike said international investments will create employment opportunities and generate revenue in the State.

He said that the State government is particularly interested in investments in the agricultural sector as it diversifies her economy.

He also called on South  African  companies to invest in some moribund industries in the State.

He said: "We are ready to give tax holidays to attract international investors. We cannot continue to  rely on oil, that is why we are exploring the agricultural sector to generate revenue and create employment ".

Earlier,  the South African High Commissioner, Mr Lulu Mnguni called for partnership between South Africa and Rivers State in the area of Agriculture,  tourism, health and construction, saying that South Africa had the technical  expertise  and  financial capacity to develop  Rivers State.

While  commending Governor Wike for his development strides, he assured  that  several South African companies  will invest  in  the  State.