Crude only can’t drive N’Delta development – NDDC

Forum 9 months ago

Crude only can’t drive N’Delta development – NDDC

The Managing Director of the Niger Delta Development Commission, Dr Samuel Ogbuku, says the commission is focused on deepening partnerships and promoting investments to secure the future of Niger Delta people in the years beyond the oil-driven economy.

The NDDC boss said this during a three-day “Develop Ondo 2.0 Investment Summit” in Akure, Ondo State.

The NDDC Corporate Affairs Director, Dr. Ibitoye Abosede, disclosed this in a statement on Tuesday.

The statement quoted Ogbuku as saying the partnership with the private sector and development partners would boost funding for accelerated development in the region.

He said, “Thinking beyond oil is not only a pathway to sustain development in the Niger Delta region, but it is also becoming inevitable as the reality of energy transition and the global climate crisis continue to stare us in the face.

“We need the meaningful engagement of stakeholders to form relevant and sustainable partnerships.

“That is why in the NDDC, we take time to listen to our stakeholders to know their priorities and ensure that our interventions adequately reflect them.”

The acting Governor of Ondo State, Lucky Aiyedatiwa, said the state was targeting $2bn through investments that would transform the state into an industrial hub.

He stated, “The response from potential investors thus far has been highly encouraging, with growing interest in exploring the investment opportunities that Ondo State offers.

“Our previous summit has borne witness to remarkable success stories, illustrating the effectiveness of this platform in attracting investments, fostering economic growth in our state, and providing enormous value to our partners and investors.”