Vice President Kashim Shettima has encouraged global and domestic investors to explore the diverse economic opportunities in Delta State, emphasizing that inter-state competition for resources and development is essential for national growth. During the Delta State Economic and Investment Summit held in Asaba, the state government unveiled a $100 million, or N137.8 billion, Viability Gap Fund designed to mitigate risks for private sector participants.
World Trade Organisation Director-General Dr. Ngozi Okonjo-Iweala expressed confidence in Delta’s potential to emerge as a primary industrial hub, comparing its future trajectory to that of Lagos. She praised the state’s new funding mechanism as a decisive move to attract external capital. Meanwhile, Governor Sheriff Oborevwori stated that the initiative is intended to convert business commitments into immediate, functional projects.
The summit featured contributions from various leaders. Kenyan academic Prof. Patrick Lumumba advocated for the removal of visa restrictions across Africa to support the African Continental Free Trade Area. Anambra State Governor Chukwuma Soludo highlighted the synergy between Delta and Anambra, suggesting they function as regional twin hubs. Additionally, investor Tony Elumelu signaled his support for Delta’s energy potential, while Austin Avuru, chairman of the summit, recommended prioritizing maritime reforms and industrial land banks to secure long-term economic expansion.
