Wike Assures Investors Of Land And Tax Relief In Rivers State

Wike Assures Investors Of Land And Tax Relief In Rivers StateThe Rivers State Governor, Nyesom Wike, has invited foreign and local investors to take advantage of the rapid developmental strides of his administration, to invest in all sectors of the state’s economy, in order to create jobs.

Governor Wike stated that first-time investors in sectors such as tourism and hospitality, housing and property development, as well as agriculture and ICT skills development, would receive attractive tax incentives and easy access to land in the state.

Addressing a group of foreign journalists in Lagos on Wednesday, the State Commissioner for Information and Communication, Dr Austin Tam-George who spoke of the government’s tax plan, also dismissed security concerns about the state, saying that Rivers state is among the safest destinations for investment in the country.

“The narrative that Rivers state is unsafe is an ugly slander against the state by a disgruntled political opposition”, the commissioner said, adding that as the oil and gas hub in the country, Rivers state has offered the highest return on investment in Nigeria since 1958.

Dr Tam-George said that activities marking the Golden Jubilee celebrations in Rivers state in May would showcase the different opportunities for investment in the state.

Present at the media briefing were correspondents from the BBC, AFP, Duetch Welle, VOA, Xinhua, CCTV, the publishers of The Trent, among others.

Over 367 Dead In Southwest China Quake

CHINA 1A magnitude 6.3 earthquake struck southwestern China on Sunday, killing at least 367 people and leaving 1,881 injured in a remote area of Yunnan province.

Thousands of buildings, including a school also collapsed as a result of the earthquake.

According to the U.S. Geological Survey, the quake registered at a shallow depth of less than 1 mile (1.6 km).

Chinese State Media, said it was felt most strongly in Yunnan as well as in the neighbouring provinces of Guizhou and Sichuan.

The official Xinhua News Agency, stated that the epicentre was in Longtoushan town in Yunnan’s mountainous Ludian county.

Communications have been seriously affected and rescuers are already at the scene.

Many people rushed out of buildings onto the street after the quake. Electricity supplies were cut and at least one school collapsed, Xinhua added, with more than 12,000 houses having collapsed and 30,000 sustaining damage.

The government promise to send 2,000 tents, 3,000 folding beds, 3,000 quilts and 3,000 coats to the disaster zone, where heavy rain forecast for the coming days will add to the misery and hamper rescue operations.