Delta can no longer depend solely on oil, says Oborevwori

Delta State Governor Sheriff Oborevwori declared on Tuesday that the state must move beyond its sole reliance on oil revenue. He urged local and foreign investors to capitalize on the significant opportunities available across various critical sectors of the economy as his administration intensifies efforts to diversify the state's economic base.

Speaking at the conclusion of the Delta State Economic and Investment Summit 2026 in Asaba, Oborevwori highlighted that deliberations reinforced the urgent need to expand investments beyond oil and gas. He noted that business sessions on agriculture, the blue economy, solid minerals, and the digital economy demonstrated Delta State's vast, untapped potential for economic transformation.

"We can no longer depend on one source of revenue. We must diversify our economy by attracting strategic investments into sectors where Delta State has a clear comparative advantage. That is the pathway to creating jobs, growing businesses and improving the quality of life of our people," Oborevwori stated. He explained the summit was designed as a private sector-driven initiative to connect investors with viable business opportunities, with the government's role focused on creating an enabling environment through supportive policies, infrastructure, and security.

The governor revealed that the state has secured land and implemented other measures to encourage investment. Investment roadshows have already been conducted in countries like China and Brazil to showcase Delta's economic potential. Oborevwori stressed that the summit served as a practical platform for connecting investors with bankable opportunities, aiming to translate interests into concrete projects.

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We can no longer depend on one source of revenue. We must diversify our economy by attracting strategic investments into sectors where Delta State has a clear comparative advantage. That is the pathway to creating jobs, growing businesses and improving the quality of life of our people.