CRHA; CR SPEAKER ASSURES ON AMENDMENT OF LAW TO INCREASE INVESTMENT ACTIVITIES

Etop Abara,

The Speaker of the Cross River State House of Assembly, has assured that, the House will do all within it's powers to support the State Investment promotion Bureau to increase investment opportunities in Cross River.

The Speaker, gave the assurance when members of the Bureau lead by the Director General Barr. Rosemary Tutu Ekeng, appeared before the Committee on Commerce, Industries, Public Private Partnership and Privatization to present a position paper on the recent challenges facing the Bureau.

Williams, maintained that there is an existing law covering the Bureau, haven been in the house since the 7th Assembly, but however assured that, the new request by the Bureau to include, the One - stop investment center, will be given due attention.

Also Speaking, the Leader of the House and member representiing Ogoja State Constituency, Rt. Hon. Peter Odey, sought to know why the state Bureau that has been on the leading role is at the bottom now.

The House Committee Chairman on Commerce, Industries, PPP and Privatization and member representiing Etung State constituency, Hon. Chris Njah Mbu-ogar, admonished the Bureau to put in its best in woeing investors to improve on the Economic fortunes of the State.

The Clerk of the House, Barr. Bassey Ekpenyong, was of the view that the Bureau can go ahead with the planed One - stop investment center, while the amendment is being processed.

Earlier, in her presentation, the DG of the Bureau, Barr. Rosemary Tutu Ekeng, said the visit was to seek collaborations from the house to amend the existing law No4 of 2007, to include the One - stop investment center.

Ekeng noted that, the Bureau, was established in 2007, with the mandate to increase business/ investment activities in the State, as well as develop policies that will improve business environment.

She told Committee members that apart from investment promotion, the Bureau needs collaboration and cooperation with the multiple local and international steakholders with the approach to institutional synergies, through the one - stop shop center.

The Special Assistance of the Investment promotion Bureau, Barr Patricia Obim, appealled for, the amendment of law, which according to her will help facilitate relevant Ministries, Departments and Agencies to coordinate and provide efficient and effective services to potential investors in the state.

Other members present at the meeting, were, the member representating, Bekwarra and Chairmam Committee on SDG, Due Process and Anti Corruption, Hon. Edward Ajang, as well as the Obanliku member, and Chairman, Finance and Appropriation, Hon. Sunday Achunekang.

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