Delta State Can Rival Lagos as Nigeria’s Economic Hub

At the Delta State Economic and Investment Summit held in Asaba, Dr. Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation, expressed her belief that Delta State could emerge as Nigeria’s next significant industrial and economic hub, alongside Lagos.

She urged the state to capitalize on opportunities arising from shifting global trade patterns to foster inclusive growth. Okonjo-Iweala endorsed the Delta State Government’s newly announced investment fund exceeding $100 million, describing it as a strategic initiative to de-risk investments and attract private capital.

She emphasized the importance of establishing Special Economic Zones as a central part of the industrialization strategy, highlighting the need for reliable infrastructure and collaboration with the Federal Government. Additionally, Mr.

Austin Avuru, founding Chairman of Seplat Energy, presented a roadmap for enhancing Delta's economy through maritime reforms and commercial agriculture, advocating for policies that improve the ease of doing business and attract sustained private-sector investment.