Business Delta: 7 Takeaways From Governor Okowa's Economic and Investment Summit

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ProfRem

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Dr Ifeanyi Okowa led Delta State Government convocated an Economic and Investment Summit to chart a way for the prosperity of the state.

The summit, the first in the state, which attracted business, financial gurus and top government functionaries from across the country, including Vice President Yemi Osibanjo, Governor Aminu Tambuwal of Sokoto State, Chairman of Zenith Bank, Mr Jim Ovia, former Governor of the Central Bank of Nigeria, CBN, Prof Charles Soludo among others, was part of activities to mark the 25th Anniversary of the creation of the state and was sponsored by the private sector.

Here are 7 takeaways from the summit:

- All the speakers at the summit spoke with passion, putting forward ideas on how to diversify the economy of the state.

- Governor Ifeanyi Okowa has been working hard on how the economy of the state could improve with or without oil.

- Prof Yemi Osibanjo who flew into Asaba at about 10:30 am from Abuja on the first day of the summit, stressed the need to beef up and strengthen the country’s institutions, noting that peace and security were crucial to economic growth.

- Governor Ifeanyi Okowa, noted that the State had over the last 25 years, grown to become a strong, vibrant and strategic component of the Nigerian federation and carved a niche for itself as a pioneer in many respects. He noted that with the size of the its economy standing at approximately $24.6 billion, the state was perhaps the fourth largest economy in the country.

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- Delta State is perhaps the only state in the federation with multiple urban centres, numbering as many as 12. As a coastal state, it has four sea ports in Warri, Koko, Burutu and Sapele even though about three are challenged at the moment.

- Delta State Peace Building and Advocacy Council, which has adopted a proactive, people oriented and community based approach in dealing with the issue of security and public safety. Also, the Delta State Government Advocacy Committee against Oil Facilities is working to contain resurgence of pipeline bombings in the State.

- Okowa who described the state is an investors’ haven waiting to be harnessed, said “I make bold to say that you can never go wrong when you invest in Delta State".
 
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