NDDC Launches N5 Billion Fund for Niger Delta Businesses

At the Niger Delta Economic and Investment Summit, Dr Samuel Ogbuku, the Managing Director and Chief Executive Officer of the Niger Delta Development Commission (NDDC), announced the launch of a N5 billion fund by the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA). This initiative aims to bolster businesses and enterprise development in the Niger Delta region.

Ogbuku emphasized the importance of creating a robust economic foundation for the region, advocating for expanded opportunities for businesses and entrepreneurs while reducing reliance on oil and government support. He highlighted that the region's economic future should focus on its people, stressing the need for investment in skills and entrepreneurship to empower residents, particularly the youth.

Ogbuku also called for enhanced collaboration among the nine Niger Delta states to effectively tackle the region's infrastructure and economic challenges.