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25 Investors To Storm Delta Economic Summit,As Shettima,Okonjo – Iweala Expected

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Dr Ngozi Okonjo-Iweala,

By David Owei

The Delta State Government, Monday, said 25 prospective investors from Brazil and China have indicated interest in the forthcoming Delta State Investment and Economic Summit, as Vice President Kashim Shettima and Director-General of the World Trade Organisation, WTO, Dr Ngozi Okonjo-Iweala, Patrice Lumumba headline a high-powered list of participants.

Secretary to the State Government, SSG, and Chairman of the Main Organising Committee, Dr Kingsley Emu, disclosed this during an interactive session with stakeholders in Asaba, saying the summit would connect the state’s vast economic potential with local and international capital.

Emu said the summit, themed “Harnessing Our Strengths and Potential,” would also attract the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, development finance institutions and leading private-sector players, while renowned oil and gas industry leader, Engr. Austin Avuru, would serve as Chairman.

He said: “To date, 25 potential investors are coming in from Brazil and China. They have indicated interest and we are already making preparations for them.

“Our sister, Dr Ngozi Okonjo-Iweala, Director-General of the WTO, will be the keynote speaker. Engr. Austin Avuru is the Chairman of the Summit. The Minister of Finance has personally acknowledged his attendance, while the Vice President, Senator Kashim Shettima, has also confirmed his attendance.

“So, it is going to be a star-studded programme, with participation from the national level, development finance institutions and a host of others.”

Emu stressed that local businesses would play a critical role in translating foreign investor interest into sustainable economic activity, noting that prospective investors were already seeking credible indigenous partners.

“For every potential investor who has expressed interest, they are talking about local partners, and those partners will come from among our people.

“The significant success we will achieve on this journey will depend on your cooperation, collaboration and positive disposition to what we want to do,” he told stakeholders.

The SSG said Delta was approaching the summit with clearly defined and bankable investment propositions rather than a broad promotional agenda, identifying agriculture, aquaculture, power, oil and gas, solid minerals, manufacturing and the blue economy as priority sectors.

According to him, Delta possesses strong economic fundamentals, including a youthful population, extensive land and waterways, abundant oil and gas resources, expanding infrastructure and a broad network of tertiary, technical and vocational institutions.

“We have a lot of strengths. We are one of Nigeria’s leading subnational economies, with a youthful population and enormous consumption potential.
We have vast land and water resources that give us a competitive advantage, particularly in the blue and marine economy,” he said.

Emu said the state was deliberately repositioning beyond its traditional identity as a leading oil-producing state, with services, agriculture and other non-oil sectors increasingly contributing to economic growth.

He said; “we have four universities owned by the state, so we are providing a new level of manpower. Potential investors can partner freely and easily with our institutions and technical colleges to train manpower tailor-made to suit their operations.
This presents enormous opportunities in human capital development and availability of skilled manpower.

“We are very strong in agriculture and we want to translate that strength across the entire value chain. Cassava is one of the areas we are looking at. We are also looking at rice and other agro-products. What we want is investment that creates value, jobs and sustainable economic activity”.

The SSG described aquaculture as one of Delta’s strongest but underdeveloped opportunities, saying the state has a huge concentration of fish farmers and fish ponds but requires significant investment in fish feed production, cold rooms and processing facilities.

“Fish feed is one of the most important, expensive and challenging issues for fish farmers. Once you have those feeds available, you can be sure that we will become a major fish basket.

“If we have cold rooms and processing facilities around, our farmers will produce much more. We are looking for investors, both foreign and local, to partner with us to bridge these gaps,” Emu said.

He said the state’s extensive waterways also offered opportunities for commercial fishing, processing and other blue-economy ventures.

On solid minerals, Emu listed kaolin, coal, silica, clay and lignite among resources with commercial potential, stressing that some deposits were already attracting concessions and commercial activity.

“Solid mineral opportunities exist here. It is no longer storytelling; the resources are proven and people are already doing business in some of these areas,” he said.

Emu also identified power as a major investment frontier, citing Delta’s gas resources and proximity to critical gas infrastructure as competitive advantages for industrial development.

He said the government was exploring decentralised electricity solutions, particularly mini-grids and captive generation, to provide more reliable energy for industrial clusters, manufacturing concerns and commercial centres.

“The preferred model for us is the mini-grid because the national grid has become a major challenge. We have opportunities for power across the state, particularly in our cities and industrial areas where demand is high.

“If you have consistent power supply, the economy will do much better. We have the gas, we have the strategic location and we have the opportunity to provide competitive power for industries,” he said.

Emu said the summit would go beyond speeches to include sector-focused engagements, investment matchmaking, site visits and structured follow-up aimed at converting investor interest into bankable projects.

Speaking on behalf of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Janet Olisa said the organised private sector was fully on board and ready to partner with the state government.

She expressed confidence that sustained public-private collaboration would help translate the summit into tangible investments, job creation and broader economic growth.

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Business & Economy

Alausa To Universities, NASENI: Move Lab Breakthroughs to Factories, Jobs,wealth

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Education Minister, Tunji Alausa (middle) flanked Vice-Chancellors, Directors of Academic Affairs, Directors of Postgraduate Studies and officials of the Federal Ministry of Education’s Directorate of University Education

By Our Correspondent

The Minister of Education, Dr. Maruf Tunji Alausa, has called on Nigerian universities and the National Agency for Science and Engineering Infrastructure, NASENI, to bridge the divide between scholarship and the market by transforming campus inventions into enterprises, employment and real-world solutions that can power Nigeria’s economic renewal.

The Minister made the declaration during a briefing for Vice-Chancellors, Directors of Academic Affairs, Directors of Postgraduate Studies and officials of the Federal Ministry of Education’s Directorate of University Education. The meeting focused on a proposed partnership model through the NASENI Campus. He said the model is designed to link researchers with state-of-the-art laboratories, prototyping hubs, industry players and funding sources, creating a clear route for ideas to travel from the lab bench to commercial use.

According to Dr Alausa, Nigeria must intentionally shift from pure research to commercial rollout if it wants to get full value from its people. He warned that research should not stop at journal articles or demonstration models. Citing the innovation cluster around Cambridge, Massachusetts as a reference, Dr. Alausa said Nigerian academics should be able to secure patents for their work, scale those inventions into sellable goods, and team up with investors to launch sustainable firms. That, he noted, is how intellectual capacity becomes tangible national progress.

To deliver this, he urged NASENI to deepen ties with universities located near its development centres. Universities, he said, hold a large reservoir of researchers, lecturers and students whose skills can strengthen the agency’s mandate. NASENI, he added, can fill the critical gap between academic work and business success by assisting with patent applications, linking innovators to venture capital, and helping to set up spin-off companies. He also tasked the agency to look into lithium refining and battery production as Nigeria ramps up renewable energy and industrial growth.

Reiterating government backing, Dr. Alausa said the Ministry will keep working with NASENI, universities and other partners to build a working pipeline from research and innovation through to investment, manufacturing and job creation.

Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, he stressed, the goal is not just to generate more research papers, but to ensure Nigeria’s knowledge, skills and inventions become products, companies, jobs and lasting prosperity for citizens.

Earlier, the Executive Vice Chairman and Chief Executive of NASENI, Mr. Khalil Suleiman Halilu, outlined the agency’s push to close the gap between research and manufacturing, in line with President Bola Ahmed Tinubu’s directive to go beyond prototypes and reach full production. He said the planned NASENI Campus will sit inside a 100-hectare free trade zone and function as a fully integrated ecosystem where scholars, professors, prototyping units, industries and commercial pathways operate side by side. Several factories and industrial plants are already set up within the zone.

Giving a practical example, the Vice-Chancellor of the University of Abuja, Professor Hakeem Babatunde Fawehinmi, said the school’s current collaboration with NASENI shows what the model can achieve. The partnership has delivered an integrated agricultural incubation centre, greenhouse units, automated poultry systems and tissue culture laboratories that serve both undergraduate and postgraduate research. He added that the university is prepared to expand the work into dairy science and renewable energy.

Also highlighting market-ready research, the Vice-Chancellor of Bayero University, Kano, Professor Haruna Musa, said BUK is pursuing wider cooperation with NASENI in nanotechnology, vaccinology, toxinology and mathematical modelling. He revealed that two BUK projects have reached the final phase of NASENI’s research commercialisation grant scheme. The projects are a reusable sanitary pad and the industrial production of starch derivatives from sweet potatoes.

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Business & Economy

Africa’s mineral wealth must not cost human lives — Ministers’ Group warns after Zamboye disaste

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Dr. Dele Alake,

By Correspondent
The African Minerals Strategy Group, (AMSG), has disclosed that the collapse of an artisanal gold mine in Zamboye, Central African Republic, which reportedly killed more than 100 miners, as a “profound tragedy” that should trouble the conscience of the continent.
In a press statement signed by its Chairman, Dr. Dele Alake, the group said the victims were not just statistics but “brothers, fathers, uncles, sons and indeed, bread-winners.”
“On behalf of the African Minerals Strategy Group, I extend my deepest condolences to the Government and people of the Central African Republic, (CAR) and most especially to the families who have lost loved ones in this terrible disaster. We stand in solidarity with them at this moment of grief,” Alake stated.

He, however, said condolences alone were not enough, stressing that the disaster must force African countries to confront the dangers of illegal and unregulated mining.
According to him, illegal mining has not only deprived African countries of legitimate revenues and damaging the environment, but it has also facilitated illicit trafficking of mineral resources and putting lives at grave risk.

“This tragedy is again, a painful reminder that behind every statistic about illegal mining are human beings—young men and women trying to earn a living, support their families and escape poverty,” he said.
Alake emphasized that “no mineral is valuable enough to justify the loss of a human life.”
The AMSG Chairman called for a dual approach: firm enforcement of laws against illegal mining and criminal networks, and the creation of legal, safe and productive pathways for artisanal and small-scale miners.

“The African Minerals Strategy Group will continue to advocate a continental approach that strengthens regulation, improves mine-safety standards, promotes responsible formalisation of artisanal and small-scale mining, protects mining communities and ensures that Africa’s mineral wealth translates into decent livelihoods rather than preventable deaths,” he said.
He warned that the Zamboye incident must not become “another statistic that we mourn today and forget tomorrow.
“Africa’s mineral revolution must be a revolution that values both the mineral beneath our soil and the human life above it. We owe the victims of Zamboye more than our condolences. We owe them action,” Alake added.
Artisanal mining employs millions across Africa but remains largely unregulated, with frequent accidents, child labour, and environmental damage reported in mining communities.
Stakeholders said formalising the sector through training, access to finance, safety equipment, and designated mining zones could save lives and increase government revenue.
The AMSG is a continental body of African Ministers responsible for mineral resources, set up to coordinate policy and ensure Africa benefits optimally from its mineral wealth.

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Business & Economy

Tinubu’s new tax break sparks a $50 billion offshore rush

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President Bola Ahmed Tinubu

By Our Correspondent

In abid to enhance the nation’s revenue earnings,President Bola Tinubu just signed the Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order 2026, and it’s designed to do two big things at once: pull in up to $50 billion in fresh capital and add roughly one million barrels per day of crude and condensate from Nigeria’s deepwater fields.

Speaking Tuesday on NTA with Cyril Stober, Engineer Enorense Amadasu, Executive Commissioner for Development and Production at the Nigerian Upstream Petroleum Regulatory Commission, represented the Commission Chief Executive.

Amadasu said the order sets up a clear, rules-based investment structure built for the next wave of deep offshore projects. The goal is to cut red tape so international oil companies can move from plan to payout faster.

Right now Nigeria produces about 1.7 million barrels per day of crude and condensate. Deep offshore still plays a smaller role: around 24% of total oil output and 19% of gas.

Amadasu credited the President for steering the sector forward.
“We are on the right path all thanks to Mr. President. It will be a huge leap. As of today, we have mined over 4.6 billion barrels from deep offshore assets. In cargo terms that is over 5,000 tankers,” he said. He added that the new framework now opens more room for growth in deepwater.

The volumes won’t appear from nowhere. Nine projects already have Field Development Plans worth billions approved by NUPRC. The next milestone is Final Investment Decision, and the EO is meant to speed that up.

“So, where will these volumes be coming from? Nine of these projects have approved FDPs so the next step expected is the FID in the near to midterm. The $10bn Bonga South will come in 2027 and within the next four to five years, we are expecting almost an additional one million barrels additional per day,” Amadasu stated.

The order isn’t just about wells. Amadasu pointed to the wider marine economy. To handle the coming surge, Nigeria will need to expand its logistics and marine base to support deepwater operations.

The broader ambition: position Nigeria as the go-to regional center for deep offshore projects in West Africa.

According to the Executive Commissioner, the incentives also deliver: Bigger reserves;:more oil and gas booked for the future,Technology and skills transfer, new expertise coming into local teams .New jobs, employment across drilling, services, and support industries.

In a statement issued by Head, Media and Corporate Comm, Eniola Akinkuotu the 2026 EO ties tax relief to tangible output, with $50bn in investment, 1 million bpd more production, nine shovel-ready projects, and a push to make Nigeria’s deepwater the hub for the region

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