Nigeria’s oil-rich Rivers State makes moves to become West Africa’s investor magnet ...Middle East

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Nigeria’s oil-rich Rivers State makes moves to become West Africa’s investor magnet
By Tife Owolabi, CNN (CNN) — Nigeria’s oil-rich Rivers State has a unique opportunity to emerge as a beacon of progress, replacing hopelessness with hope, according to former Apex Bank governor Sanusi Lamido Sanusi. At the same time, Rivers State Governor Siminalayi Fubara has highlighted the state’s efforts to create a more vibrant, investment-friendly environment, aiming to reassure investors of the requisite return on their investments. Located in the Niger Delta region, Rivers State is a key oil-producing area in Nigeria. It hosts several major oil companies and boasts several oil wells. Despite its vast oil wealth, the region has faced oil theft and sabotage over the years and

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