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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Come to Niger Delta, NDDC boss woos investors

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The Niger Delta Development Commission (NDDC) is actively encouraging public and private investors to explore opportunities in the Niger Delta region, highlighting its improved safety and conducive environment.
  • NDDC Managing Director Samuel Ogbuku stated that the region is now a peaceful and viable investment destination, attributing the transformation to President Bola Tinubu's "Renewed Hope Agenda."
  • The Delta State Economic and Investment Summit aims to showcase the region's potential, with officials emphasizing diversification beyond oil and the state's commitment to sound financial management and infrastructure development without incurring debt.

The Niger Delta region of Nigeria is being presented as a prime investment destination, with officials urging both public and private organizations to capitalize on its newly conducive and safe environment. Samuel Ogbuku, Managing Director of the Niger Delta Development Commission (NDDC), emphasized that the oil-rich area is now a haven for investors.

From reserves of three billion dollars ( 52b) and counting in a turbulent world. I think the President deserves commendation.

โ€” Kashim ShettimaVice President Kashim Shettima commented on Nigeria's economic improvement and praised President Tinubu during the Delta State Economic and Investment Summit.

Speaking at the Delta State Economic and Investment Summit 2026 in Asaba, Ogbuku credited President Bola Tinubu's administration and its "Renewed Hope Agenda" for transforming the Niger Delta into a peaceful and viable location for investment. He also commended Delta State Governor Sheriff Oborevwori for organizing the summit, which aims to attract investors and highlight the governor's infrastructural development achievements.

Vice President Kashim Shettima remarked on Nigeria's improved economic situation, noting that reserves are growing. He described the people of Delta State as educated and enterprising, making it a top-tier investment destination. "The purpose of the summit is the call to harness our strength and unlock our potentials," Shettima stated, adding that potential has no economic value unless organized, financed, and put to work.

The purpose of the summit is the call to harness our strength and unlock our potentials.

โ€” Kashim ShettimaVice President Kashim Shettima explained the objective of the Delta State Economic and Investment Summit.

Governor Oborevwori stressed that the summit showcases the state's vision to reposition its economy and enhance business competitiveness. He affirmed that Delta State is safe for investment and is actively seeking diversification beyond oil dependence. The governor highlighted the administration's prioritization of sound public financial management, including careful budgeting, fiscal discipline, and transparency, noting that the state has not borrowed any funds for infrastructure development.

It is a timely awakening because potential has no economic value unless it is organized, financed and put to work.

โ€” Kashim ShettimaVice President Kashim Shettima emphasized the need for action to realize the region's potential.

Keynote speaker Dr. Ngozi Okonjo-Iweala suggested that Delta State could become Nigeria's fourth industrial hub by leveraging its talent and potential. She observed that trade is a crucial element in unlocking these potentials.

This government has prioritised sound public financial management anchored on careful budgeting, physical discipline, judicious allocation of resources, transparency and accountability, matched with excellent service delivery.

โ€” Sheriff OborevworiDelta State Governor Sheriff Oborevwori detailed his administration's financial management approach during the investment summit.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.