Bayelsa State Development and Investment Corporation Law, 2012
Ministry of Industry, Trade and Investment, Nigeria
This is a law to provide for the establishment of the Bayelsa State Development and Investment Corporation. It clearly states regulations for the establishment of the corporation, vesting of assets, objectives of the corporation, establishment and responsibility of the board, composition and tenure of the board, appointment of staff, and investment of funds of the corporation. The corporation’s objectives are to invest in such commercial, agricultural and or industrial activities or ventures that could be profitably undertaken, to drive, enhance and encourage economic and commercial activities in Bayelsa State, to start new activities after a careful assessment of risks and returns, such as petroleum refineries, petrochemical industries, toll roads, highways, water, sewage, waste management, hospital, real estate and such other activities that can be carried out profitably, to develop and or increase its human resources so it can gradually and correctly assert control and supervision of the core sectors in which it has substantial stakes, and to encourage and assist in the development and diversification of commerce and industry in Bayelsa State.
You are viewing a previous version. Click here to view the current version.
Read in full screenProcess Flow
State House of Assembly ⬤
Office of the Governor ⬤
Bayelsa State Development and Investment Corporation Law, 2012 Current Version
January 2022
This is a law to provide for the establishment of the Bayelsa State Development and Investment Corporation. It clearly states regulations for the establishment of the corporation, vesting of assets, objectives of the corporation, establishment and responsibility of the board, composition and tenure of the board, appointment of staff, and investment of funds of the corporation. The corporation’s objectives are to invest in such commercial, agricultural and or industrial activities or ventures that could be profitably undertaken, to drive, enhance and encourage economic and commercial activities in Bayelsa State, to start new activities after a careful assessment of risks and returns, such as petroleum refineries, petrochemical industries, toll roads, highways, water, sewage, waste management, hospital, real estate and such other activities that can be carried out profitably, to develop and or increase its human resources so it can gradually and correctly assert control and supervision of the core sectors in which it has substantial stakes, and to encourage and assist in the development and diversification of commerce and industry in Bayelsa State.
Thank you for requesting an expert analysis
A member of our team will review your request and reply back to the email address on file.