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T e future: an architect’s impression of what the Bayelsa State capital, Yenagoa, may look like if ambitious development plans come to fruition


GENUINE INVESTORS AND INVESTMENTS.


Vision: Governor Dickson


private company, with limited subsidy required from the State and freedom from political infl uences.


• Private investment/joint venture: T e State and a private company jointly own the assets and also drive the management of the venture.


• Private investment/privatisation: T e State Government sells off the asset to a private investor and manages the process of privatisation.


T ere is no running away from the fact


that the oil-rich Niger Delta region of Nigeria has been a hotbed of instability over the past few years. But things have changed, as Governor Dickson himself attested to when he spoke to interested British businessmen and investors during his recent visit to the United Kingdom: “Bayelsa today is one of the


most peaceful and secure states in the whole of Nigeria. We have achieved this given the huge investment we have made in the area of security since we assumed offi ce barely six months ago. Mind you, we are even doing more because of the seriousness we attach to the security of not only the lives of our investors, but also to their investments. T at is why today in Bayelsa, all the multinational companies who abandoned the state at one time, are all back and they are on ground as we speak, working.” For those interested in small- and


medium-scale enterprises, the fi eld is wide open, too. T e State Government has signed a Memorandum of Understanding with the Bank of Industry (BOI) to promote such enterprises. T e Agreement will open up various opportunities for partnership, especially in the areas of poverty alleviation, wealth creation, and capacity building. T e Government’s commitment to this partnership is its N1 billion share of the contribution of N2.5 billion. As a new State, Bayelsa is in need of major


THE NEW BAYELSA STATE IS READY TO WELCOME


infrastructural development. T ere are opportunities for private-sector participation as well as partnership with the State Government in the areas of Housing and Urban Renewal; Development of the Central Business District; Markets and Commercial Buildings; Telecommunications; Power Generation and Distribution; Mass Transit; Ring Roads; Water Transportation; and Seaports and Airports.


URBAN RENEWAL A few road networks in the capital city, Yenagoa, have been created but are inadequate to support the needs of a modern State. T ere is also a need to link the rural areas to the city, develop adequate mass transit, build quality homes, ensure adequate water supply and suffi cient power generation and distribution, all of which are currently insuffi cient for the ever-growing urban population.


POWER Power has been a perennial problem not just in Bayelsa, but in Nigeria as a whole.


WWW.POWERFUL-MEDIA.COM | POWERLIST 2013 93


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