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Beyond oil: Niger Delta attracts new investments for economic growth and development

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Niger Delta

Niger Delta Summit in Port Harcourt targets $5bn investment and 500,000 jobs through diversification and innovation

By Ehi Braimah

In the mangrove-fringed creeks and bustling markets of the Niger Delta, the scent of crude oil has long defined daily life. 

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Also read: Nigerian Banks Drive Strong Growth After Bold Recapitalisation Boost

For decades, the region’s nine states – Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, Rivers, and Abia – have powered Nigeria’s economy through vast hydrocarbon reserves.

Yet for many residents, that black gold has delivered more curses than blessings: environmental degradation from oil spills, youth unemployment fueling unrest, and a sense of abandonment amid federal wealth that rarely trickled down. 

Families in fishing villages watched their waters turn toxic; young graduates in Port Harcourt scanned job boards dominated by oil multinationals, only to face cycles of militancy and amnesty programmes that offered temporary relief but little lasting dignity.

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Now, a quiet but determined shift is underway. 

Local business leaders are rewriting the script, betting that the Niger Delta region’s true wealth lies not just in its subsoil but in its people, rivers, farmland, and untapped entrepreneurial spirit. 

At the heart of this pivot is the maiden Niger Delta Economic and Investment Summit (NDEIS), scheduled for May 19 – 21, 2026, in Port Harcourt, Rivers State, with the theme: Driving investment, innovation, and industrial growth in the Niger Delta.

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Organised by the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA), the event carries an audacious goal: catalysing up to five billion dollars in structured investments over the next five years and creating more than 500,000 direct and indirect jobs.

Ambassador Idaere Gogo-Ogan, NDCCITMA chairman, framed the ambition plainly during a pre-summit media briefing in March 2026. “The region is ready to deliver 500,000 new jobs, inclusive of investment drive and wealth creation,” he said, describing the summit as a platform to deliberate on “investment mobilisation, enterprise growth, industrial expansion, and regional coordination.” 

President Bola Tinubu is expected as special guest of honour, with Barbados Prime Minister Mia Amor Mottley delivering the keynote, an intriguing nod to lessons from small-island economies that have thrived through diversification and resilience.

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Dr. Solomon Edebiri, NDCCITMA secretary and local organising committee chairman, struck a note of pragmatic optimism. The summit, he explained, is “a strategic initiative designed to reposition the Niger Delta as a competitive hub for investment, enterprise development, and sustainable industrialisation.” While the world knows the Delta for oil and gas, its real legacy, he argued, rests on “a wealth of diverse and largely untapped opportunities” that the gathering aims to unlock.

Those opportunities are starting to crystalise. 

Discussions at the summit and related roundtables point to concrete sectors beyond crude: agriculture and agro-processing to leverage the region’s fertile soils and waterways; manufacturing and logistics to turn Port Harcourt and Warri into industrial nerve centers; blue economy initiatives harnessing fisheries, shipping, and coastal tourism; energy transition projects that optimise the existing oil-and-gas value chain (a shift toward renewable energy), and small-and-medium-enterprises (SME) scaling that could empower local entrepreneurs. 

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Recent analyses echo this vision, highlighting how five billion dollars in inflows could reshape the economy by reducing oil dependency and channeling capital into youth-driven ventures in farming, light manufacturing, and services.

The Niger Delta Development Commission (NDDC) has thrown its weight behind the effort, signaling institutional buy-in for broader regional plans. 

Chairman Chiedu Ebie and Managing Director/CEO Samuel Ogbuku have championed infrastructure upgrades, skills programmes, and sustainable projects that align with the summit’s goals – efforts that extend beyond flashy announcements to the gritty work of roads, power, and training centres that make investment viable on the ground.

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This local momentum dovetails with a national story of cautious investor re-engagement. 

Despite persistent security challenges, rankings on global terrorism indices, sporadic attacks in the northeast, and lingering instability in parts of the north-central zone, foreign and domestic capital is showing renewed interest in Nigeria, and the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture is poised to announce the region to the world as a land full of opportunities for investors. 

While speaking on a recent Sunrise Daily broadcast on Channels TV, I pointed to President Tinubu’s UK visit last month and a high-level investment forum hosted by the Central Bank of Nigeria alongside the UK’s Foreign, Commonwealth and Development Office. 

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Reforms such as exchange-rate unification, fuel-subsidy removal, and strengthened banking capital requirements have begun to stabilise macroeconomic indicators and rebuild confidence. 

I noted that 28 percent of recent capital inflows came from foreign investors, with 34 banks meeting the new CBN recapitalisation thresholds.

For the Niger Delta, the development agenda feels personal. During the interview, I specifically praised the region’s push to mobilise local capital and foster self-reliant growth, urging the six regional development commissions to adopt their template.

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The message is clear: reducing dependence on federal allocations and oil rents is no longer optional, it is the path to dignity and sustainable development.

Yet nuance demands caution. Skeptics will recall past summits, master plans, and billions pledged that evaporated into reports and photo-ops.

 Youth unemployment remains painfully high; environmental remediation lags; and trust between communities, government, and investors is still fragile. 

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Roadshows across the Delta states, Abuja, and Lagos at some point will definitely amplify the mission, thereby turning ideas into bankable projects, but execution will test whether discipline and speed can match the ambition. As Edebiri emphasised, the shift from “ambition to implementation” is everything.

Still, the human stakes are unmistakable. 

Picture a young woman in Yenagoa who once saw her family’s fishing nets come up empty because of pollution; today she eyes training in aquaculture under blue-economy initiatives.

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Or the engineering graduate in Uyo who once joined restive groups out of frustration but now dreams of a manufacturing startup backed by summit-linked investors. 

These are not abstract statistics – they are the 500,000 jobs, lives that could move from survival to aspiration if the pieces align.

As Port Harcourt prepares to host investors, business leaders, CEOs, development finance executives, members of the diplomatic community, heads of MDAs, young innovators, exhibitors, media practitioners, policy analysts, changemakers, and members of business membership organisations, the Niger Delta stands at a crossroad. 

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The oil rigs will not disappear overnight, but value-chain optimisation remains part of the transition. Indeed, the narrative is broadening. 

What was once dismissed as a region of perpetual crisis is quietly positioning itself as a diversified engine of national economic growth, rooted in agriculture, innovation, and human capital rather than a single extractive resource.

The world is watching. The Niger Delta is home to over 30 million people and the economic engine of Nigeria.

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It contributes more than 90 percent of Nigeria’s oil revenue, and holds the vast majority of the nation’s gas reserves. Even with the immense natural wealth, the region remains economically underserved.

NDCCITMA was established with a mandate to facilitate rapid, even and sustainable development of the Niger Delta into a region that is economically prosperous, socially stable, ecologically regenerative, and politically peaceful.

The chamber serves as the private sector implementation arm of the region’s development strategy to attract investment, marking a critical pivot from aid-based development to enterprise-driven growth.

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If the summit delivers even a fraction of its promise, the creeks that were once a major security flashpoint, may yet sparkle with a new possibility of attracting investors from around the world for the Niger Delta people and Nigeria.

Also read: Nigerian Banks Drive Strong Growth After Bold Recapitalisation Boost

Clearly, the journey beyond oil has begun which marks a new dawn of development for the region.

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Opinion

Still on Government neglect of our hospitals…

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hospitals

By Bolanle BOLAWOLE,

 

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Few days ago, a senior pastor of mine called and spoke fata-fata, as they say, about the state of our hospitals. His preambles were something else; it went something like this: Pastor Bolawole, I know you journalists are part of the problems of this country! You don’t tell our leaders the truth.

Also read: FAAN: Nigeria Air Passengers Hit 18.8m in 2025

Is it because of the brown envelopes you collect from them? That is why you are in cahoots with them.” I had started wondering what was the matter before he hit the nail on the head: Someone dear to him was ill and they needed him or her (I can’t remember which one) to undergo MRI scanning but no MRI machine was available “in the whole of Ogun state”, he said.

Eventually, they had to hire a vehicle for N50,000:00 to convey the sick person to the Redeemed Christian Church of God (RCCG) medical facility at the Redemption City (formerly Redemption Camp) along the Lagos-Ibadan Expressway, Mowe, for the MRI to be done. “And they will say Redeemed (RCCG) is not doing anything!” As I made to speak, he rounded up with “I just felt I should let you know about this” and hung up.

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Not a single MRI machine in the whole of Ogun state? It appears unbelievable. But come to think about it, is Redemption City, where they eventually found one, not in Ogun state? Syllogism, which I learnt in Philosophy 101, taught at the then University of Ife (now Obafemi Awolowo University), Ile-Ife, by Dr. Dipo Fashina (aka Jingo), as he then was, is instructive here. According to Google, a syllogism is a form of logical reasoning that uses deductive logic to combine two statements and arrive at a new conclusion.

A standard syllogism has three parts: The first part is the major premise, which is a general statement or rule that is assumed to be true. The second part is a minor premise, specific fact or case that relates to the major premise. The third part is the conclusion, which is the logical result that follows from the two premises.

A classic example is: All humans are mortal/Socrates is a human/Therefore, Socrates is mortal. Another example is: All mammals are warm-blooded/All dogs are mammals/Therefore, all dogs are warm-blooded.” Arising from the above, we can construct our own syllogism thus: Redemption City is in Ogun state/MRI machine was found at Redemption City/Therefore, there is an MRI machine in Ogun state! QED!

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The curiosity of a journalist still pushed me to ask questions about MRI machines. What exactly are they and their use? I got the following answer: “An MRI machine is a medical imaging device that uses powerful magnets and radio waves to create highly detailed, cross-sectional pictures of the inside of the body.

Healthcare providers use MRI scans to evaluate, diagnose, and monitor a wide variety of medical conditions without using harmful radiation. It is especially effective for viewing soft tissues.

Common uses include examining the brain and spinal cord; diagnosing strokes, multiple sclerosis (MS), brain tumors, aneurysms, and spinal cord injuries.

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It is also useful in detecting “tears in ligaments, tendons, and cartilage (such as in the knee or shoulder), as well as bone infections, evaluating heart damage from heart attacks, congenital heart disease, heart structure, and blood flow abnormalities. MRI machines are also used in checking organs in the chest, abdomen, and pelvis—including the liver, kidneys, pancreas, prostate, and uterus—for tumors, inflammation, or disease.

Waooh! If MRI machines are this useful; nay, indispensable, how come they are not commonplace in our hospitals? Are their costs prohibitive? I got the following response: “New clinical MRI machines typically cost between $1 million and $3 million while advanced 7T research systems can reach $7 million. Purchase Price Breakdown: New Systems: A standard 1.5T or 3T MRI scanner costs $900,000 to over $3.7 million for the hardware alone. Refurbished or Pre-Owned Systems: Used or refurbished units range from $100,000 to $700,000, depending on field strength (Tesla rating), bore size, and condition. Budget/Low-Field Open MRIs: Basic or low-field models (0.25T–0.5T) cost between $130,000 and $300,000.

Additional Ownership and Operating Expenses: The sticker price is only part of the investment; total cost of ownership involves heavy infrastructure and maintenance outlays: Installation and Site Preparation: Specialized room construction, radiofrequency (RF) shielding, cryogen venting, and structural reinforcement typically add $75,000 or more.

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Maintenance and Cooling: Annual service contracts and maintenance range from $10,000 to $100,000 per year, driven heavily by liquid helium consumption used to keep superconducting magnets cold (though newer low-helium or helium-free technologies are emerging).

These are not costs that even a local government cannot afford in today’s Nigeria, especially with the quantum of money the Bola Ahmed Tinubu administration is heaping on the two tiers of government – state and local governments. But to make assurance doubly sure, as they say, I asked Google if it has any information on the availability of MRI machines in Ogun state. This is the answer I got: “Yes, an advanced MRI machine is available in Ogun state at the private specialist facility – Redeemer’s Health Village located in Redemption City, Mowe.”

It goes further to say: “Redeemer’s Health Village (RHV) houses a 1.5 Tesla MRI system featuring a wide 70 cm bore capable of accommodating plus-sized patients weighing over 300 kg. They also offer subsidized scan slots for low-income and indigent patients.” Thumbs up for RCCG, but thumbs down for Ogun state because “major public healthcare facilities in the state – such as the Olabisi Onabanjo University Teaching Hospital (OOUTH) in Sagamu and the State Hospital in Ijaiye have lacked functional on-site MRI equipment, with the State House of Assembly actively pushing for their procurement.”

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It is common knowledge that our leaders at all levels devote scanty attention to the state of our hospitals, primarily because they don’t patronize them. They always fly abroad for medical treatment – and can also afford the charges in the best private hospitals available locally.

These days, we are inundated with stories of “lack of bed space” in virtually all our hospitals. The father of one of my choriters spent hours on his wife’s wrapper spread on the bare floor along the corridors of LUTH before he was attended to because there was no bed space. He died. My panel-beater’s 14-year-old girl was rejected in one government hospital after another because of lack of bed space. She died.

The unprofessional conduct of health workers is another worrisome experience that anyone unfortunate enough to approach government hospitals have had to tell ad nauseam, ad infinitum.

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My treasured niece, Abosede Oluwayemi Edema, aged 54, died last June at the Federal Medical Centre, Ebute-Metta, Lagos after being left unattended from 2.00am until she fell into a coma at 4.00pm. Her blood infection, which should not have killed her if she had been adequately and promptly attended to, was left untreated till she died. Doctors’ negligence, nonchalance, unprofessional conduct, and the complicity and duplicity of her husband, sent her to an untimely grave. We can go on and on!

One story that made headline news last week was the death of one Mr. Olatunde John Kolawole, which reportedly occurred at the Lagos State Teaching Hospital (LASUTH), Ikeja. Kolawole had an accident while trying to avoid an errant tricycle rider; he promptly got to the hospital but reportedly was left unattended for many hours that eventually proved fatal.

One of the dead man’s siblings had this to say: “Your death was not just an accident… It was a failure of duty. The people sworn to protect life let you slip away. An accident didn’t kill you, but (the) negligence of LASUTH (did).”

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I could feel her pain because I have been through that valley lately. It was not the cancer that my niece, Bose, bravely fought that eventually killed her; the concoctions applied on her by her husband and his family, caused the blood infection that took her to the hospital. The nonchalance of doctors at the FMC, Ebute-Metta, was the last straw that broke the camel’s back.

Issues arising from these incidents include the dearth of qualified and experienced health workers in our medical facilities. JAPA has turned our hospitals into a ghost of their former selves – and our governments appear to be doing nothing about it. They don’t patronise our hospitals anyway.

The remaining medical personnel are criminally over-worked and stretched beyond elasticity level; with many collapsing and dying on duty. Little wonder, then, that they have become somewhat nonchalant and cavalier while on duty. “Do your best and take a rest or leave the rest” now appears the mantra. In addition to shortage of hands, available facilities have not grown in tandem with population explosion, leaving gaps that cannot be filled overnight.

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Factor in the widespread corruption cankerworm and you begin to see how deplorable, to say the least, the situation has become in our hospitals.

There also is the question of the free rein given to Okada and Keke riders in many South-west states.

It was the mercy of God that saved my family from mourning two years back when an Okada rider suddenly made a u-turn into the lane of my son’s power bike. All they need to hear is a shout of “okada”! Pronto, they stop! They turn! Anything! Something has got to be done about these pests.

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But until citizens become more proactive and begin to hold the feet of our leaders to the fire, nothing will change. Fela said it all in his song, “Suffering and Smiling”: For as long as we keep smiling back at them, they won’t see our pains; but the moment we begin to bare our fangs, they will feel our pains – and act appropriately!

PHCH’s hideous tariff hike

I read somewhere recently that the Government said it preferred that consumers be metered than for PHCN to hike tariffs.

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Either the government is not aware of what is happening in the power section or it is duplicitous and complicit. PHCH has silently been adjusting its tariff without any commensurate improvement in service delivery. I got to know this – and with empirical evidence – last week when I recharged. I usually do this on a yearly basis. PHCN surreptitiously reviews tariff upward and or upgrade end-users from a lower-paying to a higher-paying Band without notice. On September 22nd, 2025, I bought 1488.8 KWh for N50,000.00 (Fifty Thousand Naira) only.

One year after, specifically on September 16, 2026, the same N50,000.00 (Fifth Thousand Naira) could only fetch me 1015.5 KWh, a loss of 473.3 KWh! A whopping 46.61% increase within a space of one year without any commensurate improvement in services provided! Tell me, where are we going in this country?

Also read: FAAN: Nigeria Air Passengers Hit 18.8m in 2025

When the government flaunts parameters and economic indices indicating that things are looking up, but citizens counter that their life isn’t improving, it is because of hidden and hideous costs such as PHCN’s that is not allowing the common man to enjoy the fruits of government’s efforts at revamping the economy. Must we fold our arms and look – and suffer in silence?

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(Published in the ON THE LORD’S DAY column in the Sunday Tribune newspaper edition of Sunday, 27 September, 2026).

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