Fidelity bank banner Camano banner
World Bank rates Bayelsa number one in Ease of Doing Business in South-South

By News Express on 14/11/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 501

Bayelsa State Deputy Governor, Rear Admiral Gboribiogha John Jonah (Rtd), on Wednesday said the recent ranking of Bayelsa, as first in the Ease of Doing Business in the South-South zone of the country by the World Bank was attributable to the successes recorded in the development of Small and Medium Scale Businesses, (SMEs) over the years.

Rear Admiral John Jonah stated this in Yenagoa, while declaring open the maiden edition of the Business Linkages Forum with the theme, "Promoting Economic Development: Business Linkages In Focus."

Describing members of the state's investment team as world class, the Deputy Governor applauded them for their diligence and hard work in investment promotion activities, which has to a large extent, earned the state its new status in doing business.

He said, Bayelsa has in the last couple of years achieved some milestones from hosting various international conferences on SMEs development, but, however, noted that, a lot more is needed to be done in creating a critical mass in the empowerment of young indigenous business entrepreneurs that would take control of the local economy.

Rear Admiral John Jonah, who expressed regret over the lack of critical middle-level manpower in the state, identified the development as a major challenge to launching the state on the path of industrialisation.

"Our investment team is world class selected specifically by the government because there is no cutting of corners. Without encouraging SMEs, without encouraging productivity, there is nowhere we can go to. We must produce to international standard. We in most cases don't want to start small and gradually develop. By the time we develop from stage to stage, which is what Bayelsa is doing.

"We have not started producing or getting feasible and tangible results to the extent that we would have loved to but consistently we will be there because Governor Seriake Dickson led administration has given the economic team one hundred per cent support and I'm sure, by the expiration of the tenure in 2020, we will be starting an irreversible standards of policies that have been taken and we are not going to fall back to where we were.

"Bayelsa has taken the development of small businesses as the most important element of our development strategy. We can't launch ourselves to become major industries. It's a shame we have middle-level skilled manpower from outside the country taking up jobs that our people should be doing.

That is where we are lacking as a state and a nation and these are things that we are addressing but it will take time. We want to create a critical mass in most of these activities before we leave so that it will be more difficult to reverse moving forward."

In his keynote address, General Ishola Williams (Retd), highlighted a number of factors that the state government needed to tackle towards promoting small businesses, which include, building linkage as with corporate organizations such as international oil companies towards stimulating the state and national economy as a whole.

Retired General Williams also urged the government to establish vocational institutions to create a manpower base of technologists and technicians to drive SMEs development.

Also speaking, the Commissioner for Information and Orientation, Hon. Daniel Iworiso-Markson described the high unemployment rate as a time bomb and urged young unemployed people to engage themselves in business ventures towards building the local economy.

Hon. Iworiso-Markson, who stressed the need for people to change the notion that, Bayelsa is a civil service state, said people needed to divert their attention from government employments and political appointments, stating that, in the next 5 years, Bayelsa has the potential of becoming one of the leading economies in the country.

In her remarks, the Director-General, Bayelsa Investment Promotion Agency, BIPA,  Ms. Patience Ranami Abah said, the World Bank recently ranked Bayelsa as first in the entire South-South and second in the southern hemisphere of Nigeria in terms of Ease of Doing Business.

Ms. Abah said enforcement of contracts and fiscal sustainability were key factors in investment promotion, stating that, the Governor Seriake Dickson-led administration has put in place some measures such as the monthly transparency briefings, which was responsible for the placement of Bayelsa as first on the fiscal sustainability index ranking in the south-south region.

Source News Express

Posted 14/11/2018 7:41:28 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
BREAKING NEWS: Court orders final forfeiture of cash...

APC takes restructuring campaign to Aare Gani Adams...

Ekweremadu dares FG, vows not to be intimidated...

Abia Govt. settles land ownership dispute, gives green...

CBN boosts FOREX market with $318.73m

23 PDP governors endorse Tukur’s sack •Court turns...

Rains likely today in Lagos, Port Harcourt, Eket,...

Alleged corruption: Justice Minister Adoke stalls hearing in...

Breaking: PDP loses 11 Senators to APC ....

Chinese ambassador rates potentials of Made-in-Nigeria high

2015: Urhobo youths demand Jonathan’s re-election, Ibori’s pardon...

Hoodlums return to Onitsha •Lawmaker calls for Gov....


Latest News Kidnappers of Buhari’s prayer warrior demand N300m ransom Ojukwu family disowns late Debe Ojukwu, declares him an impostor Zamfara bandits stockpiling arms — Gov. raises alarm MASSOB chieftain, 5 others docked in Anambra Saraki plans to hijack 9th Senate by enthroning its leadership — APC Implement new Minimum wage before May, Labour to FG NAPTIP DG raises alarm over new human trafficking tricks Why Atiku is challenging Buhari’s victory at election tribunal — Obi Okowa’s re-election as Delta Governor free and fair — IPAC •Promises to reconcile aggrieved parties Osun Govt shuts three tertiary institutions over violent protest Guber polls: Why we’ve not paid ad-hoc staff — INEC Senator calls for 2019 budget increase by N10 trillion


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (460,353 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,104 views) Shameless Genevieve Nnaji exposes breasts in public (345,989 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (296,903 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (261,295 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,313 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,367 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,098 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (192,392 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (176,783 views) 10 cars more expensive than Jets (176,654 views) Lagos plane crash: Journalist releases victims’ names (175,615 views)


NLNG call for entries

CBN banner


Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,091) Business Verdict (59) Columnists (1,005) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (596) Features (724) Global Business Monitor (327) ICT Monitor (23) International (3,197) Interview (174) Live Commentary (28) Love Matters (153) Maggie's Blog (189) News (44,029) Opinion (1,204) Pidgin (17) Politics (10,266) Religion (960) Sports (1,924) Stock Watch (39) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera