Fubara Meets German Vice Consul-General On Investments

Rivers State Governor Siminalayi Fubara has his administration is not only establishing a strong investment-driven relationship with the German government but has also ensured a safe climate for businesses to thrive in the state.
He gave the assurance yesterday when he met with the Vice Consul-General of Germany to Nigeria, Mr Jochen Schindelarz and the business delegation of the German Chamber of Industry and Commerce at Government House, Port Harcourt.

Schindelarz who briefed newsmen after the meeting expressed excitement at the assurance given by the governor to sustain a safe environment for their various investments in the state and ensure that they are protected.
He said: “This was the main point and I think it is the most important thing the governor can do for us because if investments are not protected and safe, there won’t be any investment.

“So, this is what I take away from this meeting and all these are the basis of good investment. I think we will establish good partnership and it will motivate our companies to invest here.”

The team leader of the delegation of German Industry and Commerce in Nigeria, Mr Sebastian Glaeser, said there is now a mutual agreement for more business representatives of Rivers State to be sponsored to Europe to showcase investment opportunities.

Glaeser said both the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHACCIMA) and the German chamber had been tasked to facilitate such business visits that will facilitate increase direct foreign investments in the state.

“Our investment in oil and gas is already working because last year a big contract was signed for energy supply. Now, the next step is to also go beyond oil to hydrogen, into agriculture, into industrial products and we are looking forward to that.

“Coming to Europe on trade fares, on road shows, on conferences, on business forum to present the opportunities here is important.

“Such visits by industry leaders to see what is there and then to figure out how you can merge those with the richness of Rivers State is good.”