NewsBayelsa, New Jersey To Collaborate On Investment Opportunities

Bayelsa, New Jersey To Collaborate On Investment Opportunities

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July 03, (THEWILL) – Bayelsa State Government and the State of New Jersey, in the United States of America, have resolved to explore mutually beneficial business opportunities in the two states.

Governor Douye Diri, who is in the US with his delegation to seek investment opportunities and possible collaboration with some key institutions in New York and New Jersey, presented his economic initiatives to the the Secretary of State, Ms Tahesha Way, who represented New Jersey Governor, Mr Philip Murphy, at an economic meeting in Trenton, New Jersey.

In a statement by his Director, News Media, Dr Kola Oredipe, Governor Diri noted that both Bayelsa and the State of New Jersey had similar coastal terrain and said his administration was desirous to understudy key models of infrastructural development in the American state for the good of Bayelsa State.


He informed his host that the Bayelsa State delegation had met with Donald Milford Payne Jr., top US Congressman representing New Jersey; members of the African-American Chamber of Commerce in New Jersey; visited Rutgers New Jersey Medical School, Newark; Stevens Institute of Technology and Ricovr biolaboratory, an arm of the Princeton University, New Jersey, which is developing cutting-edge saliva diagnostic technology, to seek partnership and support.

According to the Governor, Bayelsa State is seeking partnership in the development of Bayelsa Medical University in Yenagoa, exchange programmes for students, investments in renewable energy and broadband technology to improve connectivity.

“We are here to seek further opportunities for the growth of our country and our dear State of Bayelsa. Bayelsa State is the golden egg of the country, where crude oil was first struck in commercial quantities. But today, we are all aware that oil is almost giving way. We are richer in natural gas deposits and that is a great source for cleaner energy that the world seeks. We are looking for investors in this area. In the area of health, we have a young Medical University, we have been looking for opportunities for programmes exchange, modelling our curriculum to suit modern medical technology, opportunities like these, to see other institutions that will collaborate with us. This is a massive opportunity”, he stated.

Ms. Way, who presented a letter of welcome, personally signed by Governor Murphy to Senator Diri, appreciated the genuine intention of the Bayelsa Governor to attract investments opportunities to his State, and assured that the government in New Jersey would be willing to help mobilise investors to identify opportunities in Bayelsa State.

Mr Victor Lawrence, a Senior Research Scientist at Stevens Institute of Technology and an expert in Broadband technology, said Brass Island in Bayelsa State, had been identified as a great location to site a landing station for Telcom submarine cables that would be commercially rewarding to the oil-rich State.

The Permanent Secretary, Bayelsa State Ministry of Trade, Industry and Investments, Barr. Patience Ranami Abah, said the delegation was excited at the huge opportunities at the various facilities visited and that a technical team from the State would immediately explore the opportunities so identified.

The Consul-General, Nigerian Consulate in the New York, Ambassador Lot Egopija, had accompanied Governor Douye Diri to most of the meeting and visits.

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