Governor Fubara Rivers Ensures Safe Business Environment for Germany

10 Feb, 2024

Governor Fubara Rivers Ensures Safe Business Environment for Germany

Rivers State Governor, Mr. Siminalayi Fubara, recently convened a crucial meeting at the Government House in Port Harcourt with a business delegation from the German Chamber of Industry and Commerce. During the closed-door session, Governor Fubara assured the delegation of a secure and conducive business environment within the state, emphasizing the commitment of his administration to foster robust investment-driven relations with the German government.

Governor Fubara's pledge underscores not only the establishment of strong ties with Germany but also the paramount importance of providing a safe atmosphere for business growth and prosperity in Rivers State. This assurance resonated strongly with the Vice Consul-General of Germany to Nigeria, Mr. Jochen Schindelarz, who expressed his enthusiasm for the governor's commitment to safeguarding investments in the region.

Mr. Schindelarz emphasized the critical nature of a secure investment environment, stating that without such protection, the viability of investments would be compromised. He highlighted the significance of Governor Fubara's assurance in bolstering confidence among German companies to invest in Rivers State.

In response, Mr. Sebastian Glaeser, the team leader of the German Industry and Commerce delegation in Nigeria, commended the mutual agreement reached during the meeting. This agreement entails sponsoring more business representatives from Rivers State to Europe, aiming to showcase investment opportunities and facilitate increased direct foreign investments in the state.

Glaeser emphasized the diversification of investments beyond oil and gas into sectors like hydrogen, agriculture, and industrial products, highlighting the potential for fruitful collaboration between European expertise and the economic richness of Rivers State. He stressed the importance of industry leaders visiting Europe to explore synergies and capitalize on investment prospects, thereby fostering sustainable economic growth and development in the region.