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50 foreign investors interested in Nigeria's oil-rich Bayelsa State: official


09:19, July 15, 2013

YENAGOA, Nigeria, July 14 (Xinhua) -- At least 50 foreign investors have indicated interest in investing in Nigeria's oil- rich Bayelsa State, a senior local official disclosed on Sunday.

Ruth Murray-Bruce, the director-general of the Bayelsa State Investment Promotion Agency (BIPA), told reporters in Yenagoa, the state capital, that the investors include those from South Africa, Israel and Britain.

She said the potential investors have sent delegations to the state over the past year.

The state government has laid foundations for the industrial growth, including infrastructure like roads, electricity and water, the official said.

Murray-Bruce described her agency as a one-stop shop for investors, offering various forms of assistance to remove difficulties that often frustrated investments.

She said the state government would continue to provide security and other incentives to promote investment.

It is the desire of the government to ensure that the abundant natural resources in the state are harnessed to boost development and create employment opportunities, she said.

Bayelsa has one of the largest crude oil and natural gas deposits in the West African country, which the top oil producer and the most populous country in the continent.

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