Skip to content
NAIJASPORA

NAIJASPORA

  • Home
    • Breaking News
  • Business
    • Diaspora
  • Education
  • Nigeria
  • Entertainment
    • Sports
  • Technology
  • Immigration
  • Opinion
    • Scholarships
    • Events
    • Jobs
  • Home
  • 2026
  • August
  • 4
  • ‘Delta’s Economy Bigger Than 20 African Countries’ — Lumumba 
Chief Editor & CTO
Business
Nigeria Poised for $50bn Offshore Investment Boom
Juliet Oladele, Reporting  NIGERIA is bracing for a tidal wave of investment in its deep-water oil and gas sector, with 22 major offshore developments worth an estimated $30 billion to $50 billion slated to move forward between 2026 and 2030, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed. Speaking at the Society of Petroleum...

Popular News

1

APC diaspora chairmen warn media against recognising Doherty as chairman

  • Politics
2

How Nigerian Bishop Was Gunned Down in Johannesburg

  • Body of Christ
3

How Nigerian-British bizman died after penis enlargement

  • Metro
4

Nigerian woman found safe in Qatar Hospital after uncertainties

  • Metro
5

Former Nigerian Care Worker Jailed for Robbing Elderly UK Victims

  • Metro
6

UK-Based Nigerian Taxi Driver Bags Six Years After Killing Man

  • Metro
7

‎British Woman Says Nigerian Husband ‘Disappeared’ After Moving to UK on Spouse Visa

  • News Features
8

Nigerian Woman, Ada Ngozi Otuka, Convicted in US for Election Rigging, Identity Theft

  • Breaking News
  • Politics
10 hours ago

APC diaspora chairmen warn media against recognising Doherty as chairman

  • Body of Christ
2 days ago

How Nigerian Bishop Was Gunned Down in Johannesburg

  • Metro
6 days ago

How Nigerian-British bizman died after penis enlargement

nouveautés maison - FG Deploys 3,000 Man O’ War Personnel for Safe School Initiative

Thanks for the useful tips, very practical.

vSCUazMfjWbAbBImZmqCG - Team Nigeria Finishes as Top African Nation at 2026 Commonwealth Games

hzeSjsVdElIWBKVDFi

Gandys outlet - APC Women Leaders Storm Osogbo Market for Voter Sensitisation Ahead of Osun Election

Very helpful post, keep up great work.

  • Economy

‘Delta’s Economy Bigger Than 20 African Countries’ — Lumumba 

Iwaalaye1 month ago05 mins

Rita Enemuru, Reporting 


ASABA — Renowned Pan-African scholar and governance expert Professor Patrick Lumumba has issued a powerful challenge to Delta State, urging its leaders to stop measuring success against other Nigerian states and instead position the region as one of Africa’s premier industrial and investment destinations.

Speaking at the Delta State Economic and Investment Summit 2026 in Asaba, Professor Lumumba revealed that Delta’s economy already surpasses that of more than 20 African nations, insisting that the state possesses all the raw ingredients required to become a continental economic powerhouse.

“Your own state has an economy larger than over 20 African countries,” he declared. “The question is, with all the resources that we have — whether we are talking about agriculture, minerals, oil, pharmaceuticals or the blue economy — what are we doing that is keeping with the demands of the 21st century?”

The esteemed scholar argued that Africa’s population now exceeds 1.4 billion, yet millions of young Africans continue to risk their lives making perilous journeys to Europe in search of opportunities.

He contended that the continent already possesses the human and natural resources needed for prosperity but lacks the political will and strategic leadership required to unlock them.

Professor Lumumba praised Governor Sheriff Oborevwori for recognising the state’s strengths and initiating bold policies to attract investment, particularly the recently announced $100 million Viability Gap Fund designed to de-risk private sector investments. He described the initiative as precisely the type of courageous leadership African governments must embrace if they hope to transform their economies.

However, he issued a stark warning against excessive reliance on foreign capital, insisting that Africans possess both the financial resources and intellectual capacity to finance their own development.

“It is deeply tragic that in our interpretation and understanding of who an investor is in Africa, we still don’t think that fellow Africans are investors,” he said. “We think our investors must be Chinese, Malaysians, Brazilians or Europeans. That is not the case.”

The professor called for stronger regional integration and urged Delta State to take full advantage of the African Continental Free Trade Area (AfCFTA) by attracting investors from across the continent rather than focusing solely on international partners.

He disclosed that members of the Pan-African Investment Movement had expressed interest in participating in the Delta Investment Summit but were not invited, urging organisers to ensure broader African participation in future editions.

He also encouraged Governor Oborevwori to build stronger economic partnerships with neighbouring states, particularly Anambra, saying co-operation among sub-national governments would accelerate regional development and complement the Federal Government’s macroeconomic reforms.

Professor Lumumba further challenged Delta State to prioritise research, innovation, skills development and industrialisation, urging greater investment in universities and research institutions capable of generating solutions for agriculture, energy, manufacturing and technology.

He highlighted energy as the backbone of industrial growth, echoing earlier calls by business leaders for expanded electricity generation and distribution.

“Delta looks promising,” he concluded. “Keep it that way. Make it even better. Think beyond yourselves, bearing in mind that you are not truly successful until your successor also succeeds.”

Tagged: Delta State

Post navigation

Previous: Mother Freed After 180 Days in Captivity, Carries Dead Child for Miles
Next: Amnesty Programme Produces 16 New Postgraduate Scholars as PAP Expands Human Capital Drive

Leave a Reply Cancel reply

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

Related News

Nigerians’ Cost of Living Pain Deepens as Election Looms

Iwaalaye1 month ago 0

Recent Posts

  • APC diaspora chairmen warn media against recognising Doherty as chairman
  • How Nigerian Bishop Was Gunned Down in Johannesburg
  • How Nigerian-British bizman died after penis enlargement
  • Nigerian woman found safe in Qatar Hospital after uncertainties
  • Former Nigerian Care Worker Jailed for Robbing Elderly UK Victims

Recent Comments

No comments to show.

Archives

  • September 2026
  • August 2026

Categories

  • Africa
  • Anambra State
  • Aviation
  • Body of Christ
  • Breaking News
  • Business
  • Celebrity News
  • Culture & Tradition
  • Delta State
  • Diary of a Teacher (DoT) with Titilope Ogundele
  • Economy
  • Education
  • Entertainment
  • Features
  • Health
  • Health
  • Metro
  • News
  • News Features
  • Nigeria
  • Obituary
  • Oil & Gas
  • Opinion
  • Politics
  • Security
  • Sports
  • TOP NEWS
  • World News

Recent Posts

  • APC diaspora chairmen warn media against recognising Doherty as chairman
  • How Nigerian Bishop Was Gunned Down in Johannesburg
  • How Nigerian-British bizman died after penis enlargement
  • Nigerian woman found safe in Qatar Hospital after uncertainties
  • Former Nigerian Care Worker Jailed for Robbing Elderly UK Victims

Recent Comments

No comments to show.

Archives

  • September 2026
  • August 2026

Categories

  • Africa
  • Anambra State
  • Aviation
  • Body of Christ
  • Breaking News
  • Business
  • Celebrity News
  • Culture & Tradition
  • Delta State
  • Diary of a Teacher (DoT) with Titilope Ogundele
  • Economy
  • Education
  • Entertainment
  • Features
  • Health
  • Health
  • Metro
  • News
  • News Features
  • Nigeria
  • Obituary
  • Oil & Gas
  • Opinion
  • Politics
  • Security
  • Sports
  • TOP NEWS
  • World News
Iwaalaye consult ltd. All Rights reserved. A subsidary of stonixnews.com and Crimeschroniclers Free Theme By BlazeThemes.

Powered by
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
►
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None
Powered by