By Paul Obiajunwo, Port Harcourt
The Rivers State Government yesterday said it is developing a revenue base that would compete with what the state was getting from oil.
The Chairman, Integrated Medical Industries (IMI), Dr. Tamunoiyoriari Sampson Parker, stated this in Port Harcourt after returning from Vienna Austria where he had done to inspect a power plant.
Dr. Parker who is also the State Commissioner for Health said: “Oil has been good to Nigeria and the Rivers People but Governor Chibuike Rotimi Amaechi believes that the best way to sustain the development of Rivers State is to develop an economy that is independent of oil
“That is why Rivers State Government has invested heavily on manufacturing, farming, education, health and energy.”
“The power plant with 624,612 series will provide 14 mega watts of electricity to Integrated Medical Industries and the manufacturing plants in Port Harcourt.
Dr. Parker noted that the Integrated Medical Industries is a company jointly owned by the Rivers State and the Federal Government, but currently financed wholly by the Rivers State Government.
He noted that the company has embarked on a $27m expansion, which currently produces about 160 million syringes a year, pointing out that on completion of the expansion in 2014 this figure will raise to 1.3 billion syringes.