South South States Focus on Blue Economy and Manufacturing

The South South states of Nigeria are targeting the development of a blue economy and manufacturing to promote economic growth in the region. This initiative was highlighted in a communiqué issued at the end of a two-day symposium held in Port Harcourt, Rivers State, where stakeholders discussed strategies for investment and economic integration.

The symposium, attended by various state investment agencies, was led by Ambassador Joe Keshi, Director General of the Brace Commission, and Mr. Patience Ranami Abah, Director General of the Bayelsa State Investment Promotion Agency. The communiqué stressed the need for a collaborative approach to address challenges such as infrastructure deficits and an unfavorable business environment.

It called for the right investments to unlock the region's potential, aiming to transform it into an industrial hub and a maritime gateway for West Africa. The symposium reaffirmed the commitment of the South South states to move away from a resource-dependent model towards a diversified, investment-driven economy.