Delta State Launches $100M Fund to Attract Investors

The Delta State Government unveiled a $100 million (N136.5 billion) viability gap fund to attract investors during an economic and investment summit held in Asaba. Governor Sheriff Oborevwori announced the fund as a demonstration of the government's commitment to executing agreements made at the summit.

Vice President Kashim Shettima praised the competitive economic drive among states, linking it to President Bola Tinubu’s reform policies. Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO), highlighted Delta State's potential to become a major industrial hub in Nigeria.

Governor Oborevwori stated that the summit aims to foster partnerships with investors to build a diversified economy capable of withstanding external shocks, in line with the MORE agenda of his administration. He emphasized the state's advantages, including a population of six million, abundant resources, and improving infrastructure, positioning Delta as an attractive destination for investment.