With the aim to improve its current Foreign Direct Investment (FDI), Delta State Government has earmarked $26bn as its target for international investment for 2024.
While addressing journalists on Friday, the Executive Assistant on External Relation and Diaspora Affairs, Mr Sunny Ofehe disclosed that efforts have begun to boost the FDI to boost the economic advancement of the state.
He said that a robust FDI in areas where Delta has comparative advantage will improve the overall, saying that “we want to work on how the state can directly benefit from International social programmes without going through the Federal Government.”
According to Ofehe, “It is important to sell Delta to the world by showcasing our potential as a state. Delta has a lot of unused potential, if you put in more effort to maximize our resources, we can generate $26bn which is achievable from our large coastlines and our seaports and modular refineries.
“We need to sell these potentials to the outside world. The Governor is open to let these investors come in to ensure his MORE AGENDA.”
He also mooted that the state government does not want to remain an import dependent economy, stating that by the time the Governor is celebrating one year in office by April 2024, Delta will be ahead of many states in terms of FDI.
He then noted that the state government is committed to ensuring the success of companies interested in investing in any sector to boost the state’s economy.
He also mentioned that there would be a Memorandum of Understanding with investing companies to ensure a minimum of 2 per cent is set aside for development of host communities.
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