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Rivers State Govt Signs $300M Waste-to-Wealth Deal to Boost Economy

adminadminOctober 25, 2024 2930 Minutes read0
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By Helen Okechukwu, JKNewsMedia Reporter

RIVERS STATE is set to see significant economic growth with a new $300 million investment deal focusing on waste-to-wealth conversion, employment generation, and enhanced electricity supply.

Signed by the Rivers State Government with Intec and Omene Group, this initiative aims to transform waste management, generate jobs, and increase state revenue.

Representing Governor Siminalayi Fubara, Attorney General Dagogo Iboroma highlighted the strategic move as an outcome of the recent economic summit and lauded the Rivers State Investment Promotion Agency, established to attract such partnerships.

The CEO of Omene Group, Otumba Omene, expressed gratitude for the support from the Rivers State Waste Management Authority (RIWAMA).

German-based Intec Group representatives, including Srinibach Dora Tepal and Franklin Bottino, also praised the governor’s commitment to an investor-friendly climate.

Key figures in attendance included RIWAMA Acting Sole Administrator Hon. Princei Ohia.

Tags
Employment generation Rivers StateRivers State economyWaste-to-wealth project
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