Ignatius Chukwu, the South South Regional Editor of Business Day Newspaper, has expressed grave concerns over the current economic policies in Rivers State, describing them as experiencing “summersaults.” In an interview with our reporter, Favour Zimoni, Chukwu highlighted the stagnation of investments in the state as a critical issue affecting economic stability.
Chukwu explained that while general commerce, including buying and selling, may still be occurring in Rivers State, the underlying economic policies are crucial for driving sustained growth and development. “Economic policy is the engine room of any state,” he stated, underscoring the importance of consistent and reliable policy frameworks to attract and retain investments.
The editor’s remarks come amid growing apprehension from business leaders and investors regarding the unpredictability of the state’s economic landscape. He noted that the lack of a coherent policy direction could deter potential investors, ultimately impacting job creation and overall economic progress.
Chukwu’s observations resonate with the concerns of many stakeholders who advocate for a strategic overhaul of economic policies in Rivers State to foster a more conducive environment for business and investment. As discussions about the future of the state’s economy continue, both public and private sectors will need to collaborate to rebuild confidence and drive sustainable growth.
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