Governor of Rivers State, Sir Siminalayi Fubara, has promised to give tax and other incentives to investors bringing their funds into the state.
He also assured of strengthening security to create an enabling environment for investors to add value to its economy.
Sir Fubara gave the assurance when he spoke on Friday at the unveiling of the third branch of Hypercity Supermarket in Rivers State, located at Ikoku Junction in Mile Two Diobu, Port Harcourt Local Government Area.
He explained that he attended the event to demonstrate the importance of the investment and to announce the willingness of the government to work with private investors who are increasing the volume of businesses that are economically empowering Rivers people and developing the State.
The governor stated, “It is upon us to ensure that we give this business entity the needed support. As a government, we will continue to give you security, tax holidays, as you mentioned that you were enjoying before I came in, and any other things you might want to require in the future.
“This is because the government cannot do it alone. The government needs to join hands with everybody for the development of our dear State.”
Speaking while unveiling the third business facility, Oyo State governor Seyi Makinde, commended the Rivers State government for creating the enabling environment and providing captivating incentives to investors, which is making the state be reckoned among those thriving in non-oil economic activities.
Also speaking at the event, the immediate past governor of Rivers State and Minister of the Federal Capital Territory (FCT), Nyesom Wike, expressed delight that Hypercity had taken advantage of the conducive business environment provided to grow its stakes while also providing employment to the people.
Managing Director of Hypercity, Sunny Chawla, said they were delighted to open to the public the third branch of the supermarket in Rivers State, which is a one-stop shopping place for quality goods and foodstuffs.