The President of the Rivers Entrepreneurs and Investors Forum, Ibifiri Bobmanuel, has identified a factor responsible for low foreign investment in Rivers State and the Niger Delta and proposes effective measures to overcome this obstacle.
Mr Bobmanuel in an interview on Nigeria Info’s Hard Facts with Kalada Batubo said the low influx of foreign investments into Rivers State and the Niger Delta is due to a number of factors, including a divestment from crude oil exploration and investment.
He is of the opinion that this should motivate states in the region to diversify their economies, saying "They really need to start thinking outside the box."
Citing the successes of Lagos, Mr Bobmanuel said the state is more welcoming to public-private partnerships (PPPs), which has helped to make it less risky for foreign investors, especially in terms of financial losses.
“We need to learnt the art of de-risking our spaces for those foreign investments to keep flowing in,” he said.