By Benson Daniel
Vice President Kashim Shettima and Director General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, have underscored the importance of strategic investments, policy reforms and stronger collaboration between government and the private sector as key drivers of sustainable economic growth in Nigeria.
The two leaders spoke at the Delta State Economic and Investment Summit, where government officials, business executives, investors and development partners gathered to explore opportunities for economic transformation and industrial expansion in the state.
Representing President Bola Ahmed Tinubu, Vice President Shettima reaffirmed the Federal Government’s commitment to creating a business friendly environment capable of attracting both local and foreign investments. He said ongoing economic reforms are aimed at improving macroeconomic stability, enhancing infrastructure and unlocking the country’s vast economic potential.
According to the Vice President, Delta State is strategically positioned to become one of Nigeria’s leading investment destinations due to its abundant natural resources, industrial capacity and entrepreneurial population. He urged investors to take advantage of the opportunities available in sectors such as manufacturing, agriculture, energy, technology and logistics.
Shettima noted that partnerships between government and the private sector remain essential to achieving inclusive growth, creating jobs and boosting national productivity. He stressed that sustained investment in critical infrastructure and human capital would strengthen Nigeria’s competitiveness in the global economy.
Speaking at the summit, WTO Director General Dr. Ngozi Okonjo-Iweala called for greater emphasis on economic diversification, innovation and value addition. She encouraged governments at all levels to build investor confidence through transparent policies, efficient institutions and improved ease of doing business.
Okonjo-Iweala observed that subnational governments have an increasingly important role in attracting investments by promoting policy consistency, strengthening infrastructure and supporting enterprise development. She added that states capable of providing a stable investment climate would be better positioned to compete for global capital.
The summit also featured investment presentations showcasing Delta State’s opportunities across oil and gas, agriculture, solid minerals, manufacturing, tourism, renewable energy and the digital economy. State officials highlighted ongoing infrastructure projects and reforms designed to improve the operating environment for businesses.
Participants expressed optimism that stronger collaboration between the public and private sectors would accelerate industrial development, expand employment opportunities and position Delta State as a major hub for investment and economic growth in Nigeria.
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