Thursday, July 24, 2025

Budgit foundation urges Delta govt to diversify economy beyond oil

The Budgit Foundation has called on the Delta State Government to embrace economic diversification and prioritize fiscal sustainability to reduce its heavy dependence on oil and gas revenues.

The Budgit researcher, Alice Adebayo, in a meeting with the community leaders and civil society organizations in Asaba, Delta State, on Monday, highlighted the state’s untapped investment potential in agriculture, tourism, manufacturing, and other non-oil sectors.

Adebayo also emphasized the need for improved energy transmission infrastructure, warning that Delta risks economic stagnation if it fails to shift from oil-based revenues.

Responding to the discussion, Chief Odio Berkeley Asafia stressed that meaningful diversification would remain unattainable without consistent and reliable electricity to power industries and attract investors.

Supporting the call for innovation, Engr. (Chief) Christopher Chukwurah proposed the establishment of an engineering research and development center free from political interference to drive investment and ensure proper monitoring and evaluation mechanisms for sustainable growth.

Read also: Education Transformation: Agofure champions school renovation drive in Ughelli North

More Top Stories

Is Japa to the UK on a student visa greener pasture or self-imposed hardship?
Delta approves electricity policy, set for reliable, affordable power
Osimhen Lands in Turkey as Galatasaray Finalize Deal
Maduka Okoye Banned
Deputy Governor Onyeme resolves land dispute crisis between Emu-Ebendo, Obodo Ugwa-Ogume communities in Ndokwa
Delta commences disbursement of housing, vehicle loans to civil servants
Security Stops Sen. Natasha from Entering National Assembly

Leave a Reply

Your email address will not be published. Required fields are marked *