BAYELSA NEWS: Bayelsa Govt abolishes laws hindering establishment of businesses
LEGISREPORTS NG – Determined to boost business activities in the state,the Bayelsa State Government Tuesday announced the abolition of stringent legal provisions required for the establishment of private Businesses in the state.
Director-General of the Bayelsa Investment Promotion Agency (BIPA), Ms Freda Murray-Bruce, who gave the indication said the abolition of the stringent laws is to remove the bottlenecks and obstacles associated with establishing new businesses in the state.
Speaking to newsmen in Yenagoa, Murray Bruce said the new system of business operation will establish a one-stop-shop where investors could process all the necessary documentations under a single roof and makes the state well positioned for the establishment of industries, particularly for the processing of salt.
According to DG, the decision was reached due to the abundant and readily available raw material for the production of salt for both domestic and industrial purposes.
“There were already existing artisanal salt production facilities which could be mechanised to achieve greater efficiency as they produced for household use.”
Murray-Bruce noted that there were several industrial applications for salt which compelled manufacturing concerns in the country to import the commodity, adding that the establishment of a salt production facility in the state would curb capital flight and create jobs.
While pledging to assist potential investors in the solid minerals sub-sector, she said that Bayelsa government had taken steps to reduce the cost of doing business by providing the requisite infrastructure.
According to her, there was sufficient demand for industrial and edible salt production in Bayelsa to make the local production a viable and feasible project for local and foreign investors.
“Prospective investors in the sector should avail themselves of various incentives provided by the Bayelsa state government for the manufacturing sector of the economy,” she maintained.
This report was prepared by our reporter in Yenagoa