Austin Avuru, the founding chairman of Seplat Energy and head of the Delta State Economic and Investment Summit, has proposed a strategic plan to enhance the state’s economic competitiveness. Addressing attendees in Asaba, Avuru emphasized that the state must transition away from reliance on legacy economic models to focus on its inherent advantages.
Avuru highlighted the state’s significant maritime potential, noting the presence of four seaports—Warri, Sapele, Koko, and Burutu—and two airports. He urged the government to dredge waterways leading to Warri and Burutu to handle larger ships, which he believes would significantly boost trade and job creation. Maintaining the road networks connecting these hubs is also essential.
Regarding agriculture, Avuru suggested the government establish land banks by securing 30,000 hectares for commercial use. This initiative would simplify the leasing process for investors interested in oil palm and large-scale cassava production. On industrialization, he pointed to existing parks in Kwale and Koko, noting that reliable gas and electricity infrastructure will make these sites highly attractive to manufacturers.
Concluding his remarks, Avuru stated that while the previous administration prioritized foundational infrastructure, the current focus must shift toward maximizing the economic returns on those projects. He also underscored the necessity of a technology-based security framework to ensure safety and support commerce throughout the state.
