BAYELSA ANNOUNCES NEW SECURITY, TAX POLICIES FOR INVESTORS


29 October 2013.

Bayelsa State Government has announced a new tax regime and special security policy for potential investors interested in doing business in the state or seeking partnership with the state and its new development drive.
The Director General of the Bayelsa State Investment Promotion Agency (BIPA), Ms. Freda Murray-Bruce disclosed this while speaking to the news men in her office recently in Yenagoa.
Ms Murray –Bruce said the new security package involved the on-going installation of close circuit camera televisions (CCTV) in most part of the state in order to curb crime, tackle insecurity, protect investors’ business concerns as well as a reviewed tax policy aimed at encouraging and sustaining private investment in the state.
The BIPA boss said the package proposed by the state government was fair and investment-friendly as the new tax policy would straighten out grey areas in the existing tax regime.
Ms. Freda Murray Bruce said that the Agency would partner with the special police outfit, Operation Doo-Akpo, established by Governor Seriake Dickson to protect people’s investment.
She disclosed that BIPA was established to enhance transparency, security of lives and property of investors, promote investment as well as render investment assistance at every stage of investment procedures.
Ms. Murray-Bruce added that BIPA equally collates high data base of potential Nigerian and foreign investors and has received over 50 proposals from investors willing to invest in the several sectors of investment opportunities in the state.
She however called on every stakeholder in the state to pursue the dream of the present administration in making Bayelsa State the preferred investment anchorage.

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