HomeBusinessBlue economy investments to unlock 50% boost in Rivers IGR – EMR

Blue economy investments to unlock 50% boost in Rivers IGR – EMR

…Urges Rivers to set up blue economy ministry, carry out environmental audit 

Investments in maritime infrastructure and a transportation backbone will boost Rivers State’s Blue Economy prospects and grow its internally generated revenue (IGR) by more than 50%.

This was one of the key resolutions reached at a dialogue organised by the Energy and Maritime Reporters of Nigeria (EMR) to mark this year’s World Ocean Day in Port Harcourt.

Martins Giadom, EMR’s National Chairman, noted the huge opportunities available to a littoral state like Rivers, adding that the State Government should take advantage of the federal–state collaboration model proposed by President Bola Tinubu’s Administration to double its maritime sector revenue.

He said, “The Tinubu’s Administration has created an opportunity for littoral states to benefit from their God-given natural resources. Rivers State must take advantage of this to grow its income streams. We cannot have water all around us and be

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