Delta State Governor, Rt. Hon. Sheriff Oborevwori, has wooed local and international investors to the state, highlighting its natural resources, industrial opportunities and $100 million Viability Gap Funding committed to derisk investments in the state.<\/p>\n
Oborevwori made the call at the 6th African Sub-Sovereign Governments Network (AfSNET) Investment Conference 2026 in Calabar, Cross River State, where he was represented by the Chairman of the Delta State Investment Development Agency (DIDA), Olorogun Lucky Oghene-Omoru.<\/p>\n
The conference, holding from November 12 to 14, has as its theme, “The Role of Sovereigns in Catalysing Development through Trade and Investments.”<\/p>\n
Oborevwori said Delta had identified bankable projects across the industrial, maritime, energy and agricultural sectors, assuring investors of the government’s commitment to creating an enabling business environment.<\/p>\n
He disclosed that the state had two economic free zones in Kwale and Koko, offering opportunities for gas-based industries and manufacturing.<\/p>\n
Among the projects being pursued are a ceramics raw materials plant requiring \u20ac50 million and a glass manufacturing facility estimated at between $50 million and $200 million, depending on its scale. Another industrial project is estimated to require \u20ac19 million.<\/p>\n
He said preliminary studies had been completed, with the ceramics project progressing towards take-off and a leading German glass manufacturer expressing interest in the proposed glass factory.<\/p>\n
On maritime development, he identified the proposed Burutu Seaport as a major investment opportunity, noting its strategic access to inland waterways linking Onitsha, Lokoja and other commercial centres.<\/p>\n
He said the port secured a 40-year concession in 2023, with its second phase designed to accommodate a depth requirement of 41 metres.
\nThe project, he added, had received Federal Executive Council and Infrastructure Concession Regulatory Commission approvals.<\/p>\n
Other maritime assets include ports in Warri, Sapele and Koko, as well as several jetties with potential for shipbuilding and related businesses.<\/p>\n
However, he identified the silting of waterways as a major challenge, urging Afreximbank and other development finance institutions to invest in dredging to improve navigation and maritime commerce.<\/p>\n
Giving an overview of the state’s economy, Oborevwori said Delta had an estimated population of 6.7 million, a GDP of about $1.7 billion and a 2026 budget of approximately N1.72 trillion.<\/p>\n
He recalled that his administration committed $100 million as initial Viability Gap Funding at the August 2026 Delta State Economic and Investment Summit to derisk investments of prospective investors.<\/p>\n
He cited the acquisition of 100 hectares of land by multinational agribusiness company, Olam, for a proposed $70 million agro-processing facility as evidence of growing investor confidence.<\/p>\n
He also highlighted the state’s one-stop-shop investment arrangement and incentives aimed at simplifying business processes and reducing the cost of doing business.<\/p>\n
On electricity, he said power plants in Sapele, Ughelli and Okpai had a combined installed generation capacity exceeding 3,500 megawatts, positioning Delta as a major contributor to national power generation.<\/p>\n
He said the administration was addressing transmission and distribution challenges through legal and administrative reforms, while encouraging private-sector investment in electricity infrastructure.<\/p>\n
He added that the government was also exploring gas-based industries, including liquefied natural gas and compressed natural gas projects.<\/p>\n
“Delta State has the natural resources, strategic location, infrastructure and investment opportunities to support profitable businesses. We are inviting local and international investors to partner with us.<\/p>\n
“Our message is simple: Delta State is ready for business,” Oborevwori said.<\/p>\n
Members of the Delta delegation included the Chief Economic Adviser to the Governor, Dr Barry Gbe; Director-General of DIDA, Hon Anthony Elekeokwuri; Special Adviser on Finance, Investment and International Development, Barr. George Orogun; and Executive Assistant to the Governor on Media, Dr Nelson Egware.<\/p>\n
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