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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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President Bola Ahmed Tinubu is expected to declare open the Niger Delta Economic and Investment Summit 2026 in Port Harcourt, Rivers State, on Tuesday, September 15, 2026, as government leaders, investors, development partners and business stakeholders gather to explore new opportunities for economic growth in the region.

Also read: Oluremi Tinubu Announced ₦5oom for Calabar Fire Victims

The three-day summit, organised by the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture, NDCCITMA, in partnership with the Niger Delta Development Commission, NDDC, is themed “Driving Investment, Innovation, and Industrial Growth in the Niger Delta”.

The organisers are positioning the event as more than a conventional conference, with an emphasis on converting discussions into investment commitments, partnerships and bankable projects.

The programme is expected to bring together policymakers, investors, industry experts, development institutions, community leaders and young innovators to examine the region’s economic potential beyond its traditional dependence on oil and gas.

Among the priority areas are agriculture and agro-processing, energy transition, oil and gas value-chain development, manufacturing, infrastructure, technology, environmental sustainability and the blue economy.

The summit is also expected to feature business-to-business and business-to-government engagements, investment matchmaking, exhibitions, deal rooms, sectoral forums and policy discussions aimed at connecting investors with projects across the region.

According to the organisers, the Niger Delta has significant opportunities in sectors including agro-industrial development, marine industries, manufacturing, logistics, renewable energy, digital innovation and tourism.

The summit’s broader ambition is to shift the economic narrative around the region from one centred largely on resource extraction to one driven by value creation, enterprise and investment.

Earlier preparations for the summit included discussions with the Maritime Organisation of West and Central Africa, MOWCA, in Abidjan.

MOWCA Secretary-General Dr Paul Adalikwu was invited to participate in the summit, reflecting growing interest in the Niger Delta’s maritime and blue economy potential.

The region’s extensive waterways, coastline and access to the Gulf of Guinea provide opportunities for maritime transport, fisheries, aquaculture, coastal infrastructure and regional trade, areas the organisers believe could generate jobs and attract new investment.

The organisers have also identified several specific proposals for discussion, including the establishment of a Niger Delta regional development bank, improved air connectivity, a palm oil refinery, integrated gas utilisation and measures to improve the ease of doing business.

Other thematic discussions will focus on strengthening micro, small and medium-sized enterprises, developing industrial value chains, green growth, regional trade integration, infrastructure competitiveness, youth-led innovation and digital transformation.

The economic ambition behind the summit is considerable. NDCCITMA previously said it hoped to catalyse up to $5 billion in structured investment commitments over five years and generate more than 500,000 direct and indirect jobs.

NDCCITMA Chairman Ambassador Idaere Gogo-Ogan had described the initiative as an opportunity to move the region “from discussion to delivery, from potential to productivity”. Leadership

The summit has, however, had a change of schedule. It was originally announced for May 19 to 21, but organisers later rescheduled it after noting that the dates coincided with political party primary elections. The current NDCCITMA information places the event on September 15 to 17 in Port Harcourt.

There has also been a separate dispute over the summit’s name involving Ken-Eva and its chief executive, Kenule Nwiya. NDCCITMA has rejected claims that it improperly used a trademark, while Nwiya has maintained that his company has intellectual property rights relating to the name.

The disagreement has added a layer of controversy around an event whose organisers say is intended to promote regional economic development.

Despite the dispute, NDCCITMA has continued preparations for the summit and presented it as a collective platform for the Niger Delta’s economic future.

The latest programme information indicates that the event is expected to attract about 1,500 delegates and more than 200 exhibitors, underscoring the organisers’ attempt to create a sizeable marketplace for investment and commercial partnerships.

For the Niger Delta, the significance of the gathering will ultimately depend less on the number of speeches delivered than on whether the conversations produce concrete investments, policy commitments and projects that improve economic opportunities across the region.

Also read: Oluremi Tinubu Announced ₦5oom for Calabar Fire Victims

With Tinubu expected to open the summit, attention will be on whether the event can translate the region’s enormous natural and human resources into a more diversified and competitive economy.

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Dangote Refinery Sets ₦525 Share Price for Landmark IPO

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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

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The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.

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