Delta State courts foreign investors in agriculture and energy

Delta State's initiative to attract foreign direct investment gained momentum Wednesday as investors from Brazil, Malaysia, and the United States signaled their intent to partner with the state. Their interest spans the agriculture, energy, and industrial sectors, following inspections of key investment sites during the Delta State Economic and Investment Summit.

The delegation visited the Kwale Special Economic Zone, touring the Kwale Gas Gathering Hub and Phoenix Company. They also inspected facilities at Skyward Resources Group and Uzezi Farms. Investors commended the state's investment climate and pledged to explore strategic partnerships. Roberto Fonseca, leader of the Brazilian agribusiness delegation, described the Kwale Special Economic Zone as a "very wise decision" by the state government, highlighting its potential for global investors and industrial growth. Brazil is keen on investing in natural gas power generation and cassava processing, aiming for a "fruitful partnership."

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We have been studying the Kwale Special Economic Zone with great interest because we believe it is a very wise decision by the Delta State Government. We are planning investments in natural gas power generation and cassava processing, and I believe the Brazilian flag will soon stand alongside the Nigerian flag here in a fruitful partnership.

Fonseca emphasized Brazil's readiness to support Nigeria's agricultural development through technology transfer, innovation, and investment in areas like ranching and beef processing, addressing Nigeria's food security challenges. The Malaysian High Commissioner to Nigeria, Aiyub Omar, indicated Malaysia's interest in oil palm development, with Malaysian firms exploring collaboration to expand Delta State's agricultural potential. Dr. Shermal Perera of Agrinexus also confirmed ongoing work with Nigerian partners and exploration of further investment opportunities.

Delta State Deputy Governor, Sir Monday Onyeme, stated that combining investment discussions with site visits demonstrates the state's readiness for foreign partnerships. The government seeks partnerships, technology, and expertise to drive development beyond oil, aiming to diversify the economy and create a more robust industrial base.

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Food security remains one of Nigeria’s biggest challenges, and Brazil is ready to contribute by bringing technology, expertise and investment. We are committed to partnering Nigeria to build a stronger agricultural sector.