Ayade will not relent on industrialization agenda; DG Investment Promotion assures

Cross River state industrialization agenda, cannot afford to have policies and regional agreements, that put it at disadvantage position with competing nations and states in the region, Governor Ben Ayade has disclosed.

In the same vein, the governor charge states to protect their economy from adverse foreign investment policies, that would take advantage of the resources and leave the communities and people underdeveloped.

Ayade spoke through the DG investment Promotion Bureau, Arch John Etim-Bassey, while declaring open the south-south Sensitization workshop on ECOWAS investment code organized by the Federal Ministry of Industry, Trade and Investment in Calabar.

The Workshop which is organized by the Federal Ministry of Industry, Trade and Investment on the implementation strategy for the recent collaboration agreement signed by ECOWAS region member countries on investments, seeks to engage the organized private sector in ensuring that the agreed investment code benefits Nigerian business men and investors.

He proffered that though the Investment code is a welcome development towards easing trade and business in the region and improve on the ease of doing business, Nigeria as a participating country in the agreement must protect its own from foreign domination.
Highlighting further he noted that Nigeria domestic investors and business people are sometimes in their own country treated as less privileged to their foreign counterparts but do not enjoy the same privileges in these foreign countries.
If we are to improve our economy, we must go to these agreements with our eyes wide open and posterity in mind so we do not loose out on the benefits of the Investment code.
He welcome them to Calabar and offered to host them on a guided tour of HE Sen Ben Ayade’s industrialization projects and to experience the warm hospitality of Calabar.
He subsequently declared the workshop open and proceeded to partaking in the activities of the sessions.

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