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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Elections & Politics

Delta Governor Urges Investors to Tap Vast Opportunities Beyond Oil

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Delta State Governor Sheriff Oborevwori urged local and foreign investors to explore opportunities beyond oil and gas.
  • The state aims to diversify its economy through strategic investments in sectors like agriculture, energy, and digital innovation.
  • The government is committed to creating an enabling business environment with supportive policies and infrastructure.

Delta State Governor Sheriff Oborevwori is actively seeking to diversify the state's economy away from its reliance on oil revenue. He urged local and foreign investors to capitalize on the "vast opportunities" available across critical sectors during the Delta State Economic and Investment Summit 2026 in Asaba.

Oborevwori emphasized that the state "can no longer depend on one source of revenue." He highlighted that business sessions at the summit demonstrated significant untapped potential in agriculture, livestock, the energy ecosystem, the blue economy, transport infrastructure, solid minerals, and the digital economy. The governor believes diversifying through strategic investments is the key to job creation, business growth, and improved quality of life for the state's residents.

The summit was designed as a private sector-driven initiative, with the government's role focused on creating an enabling environment. This includes implementing supportive policies, enhancing infrastructure, ensuring security, and fostering strategic partnerships. The state has already secured land and undertaken investment roadshows to countries like China and Brazil to showcase its economic potential.

Governor Oborevwori described the summit as a practical platform for connecting investors with viable opportunities, aiming to translate interest into concrete projects. He reaffirmed his administration's commitment to a business-friendly climate through infrastructure development, policy consistency, security, and private sector collaboration. The governor expressed optimism that the summit's outcomes would lead to tangible investments, accelerating industrialization and expanding employment in Delta State.

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.

โ€” Sheriff OborevworiDelta State Governor Sheriff Oborevwori explaining the need for economic diversification during the Delta State Economic and Investment Summit.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.