River’s economy dwindling, Amaechi raises alarm

Governor Rotimi Amaechi of Rivers State has raised alarm over the dwindling fortunes of the state, following the closure of many companies and the sacking of hundreds of workers as a result of the economy which has nose-dived.
 

Speaking while swearing-in a 29-member Economic Advisory Council, Amaechi said the committee “has been mandated to produce a blue print for the economic prosperity of the state.

At the inauguration of the council on Friday, in Port Harcourt, Amaechi said the task before the “high-powered team is to make recommendations that would attract new investors and make old ones more profitable”.

He said the responsibility of the state government was to abide by the blue print because government alone cannot be the sole producer of funds and employment, noting that the present security challenges in the Niger Delta cannot be an excuse for mass poverty in the state.

Amaechi explained that the present economic position of Rivers State was worrisome because a lot of companies have down sized their operations while others have closed down completely.

He disclosed that he had set up a committee headed by the deputy governor and made up of members of the Nigerian Society of Engineers, quantity surveyors, urban and regional planners, architects, amongst others to produce a blue print for the infrastructural development of Port Harcourt.

 


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