Delta State Governor, Sheriff Oborevwori has unveiled a “$100 million (₦133 billion) Viability Gap Fund to de-risk strategic investments” in the state.
- +Delta launches $100 million fund to attract private investment
The governor announced this at the Delta State Economic and Investment Summit 2026 in Asaba.
The governor announced this at the Delta State Economic and Investment Summit 2026 in Asaba.
The event convened government officials, business moguls, and development partners.
Governor Oborevwori said the summit is designed to connect ideas with capital and maximize the comparative advantages inherent in the state’s socio-economic potential.
However, the Vice President pointed out that diversification is an instinct of economic self-preservation and a measure of the quality of leadership.
He also urged states to transition from basic asset documentation to practical execution and job creation.
Also speaking, the Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, stressed that despite the current global disruptions, there are significant opportunities for Delta State, Nigeria, and Africa to maximize.
He called on states and entrepreneurs to drive the nation’s shared prosperity.
While the Delta State governor announced his de-risking measures, the Federal Government has also applied de-risking measures in a number of sectors.
He said the initiative is part of the Tinubu administration’s plan to address high lending rates—currently as high as 28% to 30%—which continue to stifle MSME growth.
