Governor Fubara Pursues Increased German Investment in Rivers State

Governor Siminalayi Fubara of Rivers State engaged in closed-door discussions with Mr Jochen Schindelarz, the Vice Consul-General of Germany to Nigeria, alongside a German business delegation at the Government House in Port Harcourt.

Following the meeting, Mr Schindelarz, speaking to reporters, expressed satisfaction with Governor Fubara’s commitment to maintaining a safe climate for investments within the state, emphasizing the pivotal role security plays in fostering economic growth.

Mr Sebastian Glaeser, the leader of the German Industry and Commerce delegation in Nigeria, revealed plans for reciprocal business ventures, including sponsoring representatives from Rivers State to Europe to showcase investment opportunities.

Governor Fubara Pursues Increased German Investment in Rivers State
Governor Fubara with the German delegation

Both the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHACCIMA) and the German chamber have been tasked with facilitating these visits, aimed at attracting increased direct foreign investments to the state.

Highlighting existing investment successes in the oil and gas sector, Mr Glaeser underscored the importance of diversifying investments into areas such as hydrogen, agriculture, and industrial products.

He emphasized the significance of industry leaders’ visits to Europe for trade fairs, road shows, conferences, and business forums to explore potential partnerships and synergies between Rivers State’s resources and European markets.

The collaborative efforts between Governor Fubara’s administration and the German delegation signify a strategic move towards enhancing economic opportunities and fostering sustainable growth in Rivers State.

This was contained in a statement released by the governor on Friday.

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