Delta urges investments beyond oil to diversify economy

Delta State Governor Sheriff Oborevwori has called for a strategic shift away from sole reliance on oil revenue, urging both local and foreign investors to explore diverse opportunities in sectors such as agriculture, mining, energy, and technology. Speaking at the close of the second Delta State Economic and Investment Summit in Asaba, Oborevwori stressed that economic diversification is crucial for sustainable growth, job creation, and enhancing the quality of life for the state's residents.

Discussions during the summit reinforced the governor's message, highlighting the state's strong competitive advantages in various sectors. Oborevwori stated, "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." He expressed confidence that the summit would catalyze investments capable of transforming the state's economy, thanking participants for their engagement.

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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.

The summit featured business sessions focused on agriculture and livestock development, energy, the blue economy, transport infrastructure, solid minerals, the digital economy, and legal reforms. These sessions revealed significant untapped investment potential within the state. Governor Oborevwori emphasized that the summit was designed as a private sector-driven initiative, aiming to directly connect investors with bankable business opportunities rather than serving as a mere government event. "This summit is not a talk show. It is a practical platform that connects investors with bankable opportunities and turns investment interests into real projects," he asserted.

To foster this growth, the government is committed to creating a business-friendly environment through improved infrastructure, enhanced security, consistent policies, and robust partnerships with the private sector. The state has already secured land for key investment projects and has undertaken investment roadshows in countries like China and Brazil to promote Delta's economic potential. Experts at the summit identified agriculture, livestock, mining, the blue economy, and legal reforms as particularly critical sectors for attracting sustainable investments. Chief Eta Enahoro, former South-South Vice President of the Poultry Association of Nigeria, specifically recommended prioritizing investments in poultry and fish production, noting their capacity to generate thousands of jobs.

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This summit is not a talk show. It is a practical platform that connects investors with bankable opportunities and turns investment interests into real projects.