The Bayelsa State Investment and Economic Forum – BSIEF, is themed “Unlocking Bayelsa State’s economic potential: Opportunities and Challenges”. The forum would focus on wealth creation, sustainable business growth and success in West Africa.
The Niger Delta remains an emotive subject in the Nigerian economic conversation, and a controversial issue in world politics. Bayelsa State is committed to rising above these challenges to create a sustainable economic climate for indigenous Bayelsans and for all Nigerians. Bayelsa State’s rich land offers vast economic opportunities in fish-farming, rice-production, cassava, sugar cane, cocoa, salt mines and more – all of which are vital in sustainable economic growth.
Moreover, while oil and gas production are currently being intensified in the state, the government is also focusing attention on its other resources – clay, salt deposits, sand, gravel, lead, zinc, and more.
Recently, we have seen the emergence of MINT nations (Mexico, Indonesia, Nigeria and Turkey), frontier (a subset of emerging) markets that offer vast opportunities for investment. As one of the MINTs, Nigeria presents significant growth potential, due largely to reforms in the power, agricultural and oil and gas sectors. Projections of steady growth at over 6% of GDP suggests abundant investment opportunities as well as a promise for significant returns on investments (ROI) in virtually all sectors of the nation’s economy.
Bayelsa State is a significant source of Nigeria’s wealth, providing nearly 40% of the crude oil volumes and about 60% of exported gas from the country. The state has vast endowments in agriculture, and has the potential to transform the Nigerian power sector. Importantly, the state government of Bayelsa recognises the importance of policy and integration that are politically and economically beneficial for the state and its people. The aim of BSIEF is to address the perceived and real challenges of investing in this frontier market, while also presenting the immense opportunities of Bayelsa State as a first-rate location for investment. The forum is expected to suggest solutions to perceived challenges for the benefit of investors and the economy of the state.
BSIEF would offer a unique platform for researchers, policy makers, development practitioners and global investors to discuss investments in frontier markets with key government agencies. In light of Nigeria’s search for economic transformation, the moment is now to provide a platform, and discuss the issues needed for inclusive economic growth.
Bayelsa State Investment and Economic Forum aims to become a leading setting for discussions on investments in constituent local economies. BSIEF would focus on wealth creation and sustainable business growth in West Africa, providing an opportunity for private organisations to engage with government agencies in order to identify key investment opportunities.
These interactions would be organised through a mixture of: conference workshops, interactive Q&A and panel sessions. The forum would close with a gala dinner reception.
This first BSIEF, which is set to become an annual event, Kickstarts today in Yenagoa, Bayelsa State, Nigeria by Gov. Henry Seriake Dickson
You are We welcome to Bayelsa the Glory of all land
Banks and financial services organizations
Development finance and impact fund investment institutions
Mobile payments and technology companies
Government agencies with responsibility for SME development
Food packaging companies
Consumer products companies
NGOs and charities
Businesses and individuals dedicated to moving Nigeria forward.
Saint Mienpamo; Reporting for Bayelsa New Media Team.