Delta State Governor, Rt. Hon. Sheriff Oborevwori (right), in discussion with the Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, at the podcast room on the second day of the ongoing Delta State Economic and Investment Summit 2026 in Asaba on Tuesday. Photo: Samuel Jibunor
From our Bureau Chief, Asaba
In the resolve to aggressively diversify the economy of Delta State, the Governor, Rt. Hon. Sheriff Oborevwori has declared that the State can no longer solely rely on oil as a source of revenue.
Oborevwori made the declaration on Tuesday, 4 August, 2026 while speaking at the close of the second day of the Delta State Economic and Investment Summit in Asaba, the State Capital.
The Chief Press Secretary to the Governor, Festus Ahon made this known in a press release circulated amongst journalists in the State Capital.
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The Governor was said to have urged local and foreign investors to take advantage of the vast opportunities across critical sectors of the economy, as his administration intensifies efforts to actualise the resolution.
He thanked all participants, local and foreign investors, noting; that deliberations at the summit had reinforced the urgent need to expand investments beyond the oil and gas sector, to ensure sustainable economic growth, job creation and shared prosperity, it was said.
The Governor was quoted to have noted the gains of the business sessions on agriculture and livestock development, the energy ecosystem, the blue economy and transport infrastructure.
Also, the solid minerals and mining, the digital economy and innovation, as well as the legal framework for investments.
They had demonstrated that Delta State possesses enormous untapped investment opportunities capable of transforming its economy, Oborevwori stated.
“We can no longer depend on one source of revenue! We must diversify our economy by attracting strategic investments into sectors where Delta State has a clear comparative advantage.
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“That is the pathway to creating jobs, growing businesses and improving the quality of life of our people.”
The summit was deliberately designed as a private sector-driven initiative rather than a government-centred event, he was said to have explained.
Stressing that its primary objective was to connect investors with viable business opportunities capable of delivering, sustainable returns.
According to him, the State Government’s role is to create an enabling environment for businesses to thrive through supportive policies, improved infrastructure, security and strategic partnerships with the private sector.
Consequently, the State had already secured land and put other critical measures in place to encourage investments across key sectors of the economy, the Governor was again quoted to have stated.
Adding; that investment roadshows had been undertaken to countries such as China and Brazil to showcase Delta’s economic potential.
Oborevwori was said to have described the summit as more than a policy dialogue, which had become a practical platform for connecting investors with bankable opportunities and translating investment interests; into concrete projects.
As he maintained that the summit was not a mere “talk show” but a strategic platform backed by serious investors already on ground.
Also, he was said to have reiterated his administration’s commitment to creating a business-friendly environment by strengthening infrastructure, guaranteeing policy consistency, promoting security and fostering stronger partnerships with the private sector.
The Governor expressed optimism that the ideas, partnerships and commitments emerging from the summit would culminate in tangible investments capable of accelerating industrialisation, expanding employment opportunities and positioning Delta State as one of Nigeria’s leading investment destinations.
Earlier during the panel sessions, experts reportedly identified agriculture, livestock, mining, blue economy and legal reforms as critical sectors for attracting sustainable investments.
Speaking during the agriculture, agribusiness and agro-industry session, former South-South Vice President of the Poultry Association of Nigeria (PAN), Chief Eta Enahoro, was said to have urged the State Government to prioritise investments in fish and poultry production.
Delta State Governor, Rt. Hon. Sheriff Oborevwori, addressing participants during the panel session on the second day of the ongoing Delta State Economic and Investment Summit 2026 in Asaba on Tuesday. Photo: Samuel Jibunor
Saying; both sectors possess enormous capacity to create jobs, reduce unemployment and transform Delta into a leading agribusiness hub.
He was said to have noted that many young people seeking political appointments could become successful entrepreneurs, if adequately supported to establish poultry and fish farms.
Also speaking, Brazilian agribusiness investor, Roberto Fonseca, unveiled plans to partner the Delta State Government to develop a modern cattle and beef value chain, covering cattle breeding, ranching, slaughterhouses, beef processing, cold storage, refrigerated transportation and distribution networks, it was said.
Fonseca was quoted to have pointed out that Delta possesses climatic and environmental conditions similar to those that enabled Brazil to become the world’s largest cattle and beef producer.
Adding; that the partnership could position the State as a major livestock production hub for Nigeria, and neighbouring African markets.
On the blue economy and transport infrastructure, Dr. Uche Igwe called on the State Government to tackle illegal and unregulated fishing activities, to maximise the economic potential of its waterways.
In the same vein, Mosra Energy Managing Director, Ramos Olukayode reportedly said Delta State has over 200 million tonnes of coal deposits in Obomkpa, Ugbodu and Ukunzu, exceeding the estimated reserves in Enugu and Kogi States.
He described the deposits as a major asset for the State’s industrialisation drive.
Olukayode therefore disclosed plans to build a 600-megawatt power plant at Obomkpa, with over 200 hectares already secured for the project, adding that the area also has abundant kaolin and clay deposits to support manufacturing activities at the proposed industrial hub, it was said.
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