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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

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

Also read: Nigeria inflation rises to 15.38% as food prices surge

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.

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.

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.

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. 

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.

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. 

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.

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. 

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.

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. 

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.

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.

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: BoI signs strategic partnership framework deal with German Int’l Agency to accelerate MSME growth

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

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Seven prime ministers in a decade: What Nigeria can learn from Britain’s chaos

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By Dr Toju Ogbe,

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The resignation of British Prime Minister Keir Starmer, less than two years after leading the Labour Party to  a landslide electoral victory, was dramatic, yet reflected a pattern we have become familiar with in recent British politics.

Also read: Church Leader Who Ushers: Low-Key Lifestyle of A Loud Prophet, Elijah Ayodele

Starmer now joins a procession of fallen prime ministers stretching back to 2016 – from David Cameron to Theresa May, Boris Johnson, Liz Truss, and Rishi Sunak.

None of these prime ministers was ousted through military intervention, popular insurrection, or a court order. Rather, each was ultimately brought down by the same political system that elevated them to electoral glory.

To the casual observer, the rapid turnover of British Prime Ministers in the last decade may appear chaotic, or even a symptom of political instability. Some argue that the British electorate has become ungovernable.

However, beneath the apparent chaos at Westminster lies an uncomfortable truth that African democracies would do well to examine, particularly Nigerians who wonder why our democracy has delivered so little despite almost three decades of uninterrupted civilian rule.

The turbulence of British politics over the last decade, presents an important lesson on democratic accountability beyond successful elections.

Once the prime minister is deemed a liability by their own political party, the mechanics of accountability are activated. The daggers are quietly drawn and the ruthless pressure to resign begins.

Every poll and survey on public opinion is closely monitored, local election results are taken as a referendum on leadership. Cabinet resignations begin to gain momentum and backbenchers get restless.

Once the news media smells an internal uprising, they amplify scrutiny of the prime minister, subjecting every move – speech, public appearance, political misstep etc to relentless examination.

Pressure gradually mounts until the prospect of bitter internal leadership challenge becomes impossible to resist. The Prime Minister falls.

For every British Prime Minister, winning an election is merely the beginning of examination, not the end. Political survival lasts only for as long as the prime minister maintains the confidence of his party and the parliament.

This is the muscle of British democratic accountability; a political culture that prioritises institutional survival over individual ambition. Starmer recognised this reality in his resignation speech:

“The question my party is asking now is whether I am best placed to lead us into the next general election. I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.”

That closing sentence alone is a masterclass in British institutional democracy. The party spoke. The leader listened. The correction comes from within.

 

Nigeria presents a strikingly different political logic.

Nigeria on the other hand, presents an interesting contrast with a different political logic and culture.

The notion that a governing party would overtly interrogate the performance of its own leader and engineer a transition to someone better equipped to maintain public confidence, is in most cases politically unthinkable in Nigeria.

Political parties in Nigeria do not coalesce  around ideological principles; rather, they operate more as electoral instruments organised around powerful individuals.

Internal dissent is often dealt with as betrayals rather than as part of healthy democratic engagement. Godfatherism and transactional loyalties shape political succession and leadership retention.

Once elected in Nigeria, there is an inherent assumption that a governor or president has a fixed two-term lease on power.

While 10 Downing Street is preparing to welcome its seventh Prime Minister in a decade, Nigeria, in contrast, has had only two democratically elected presidents during the same period – one of whom is still serving.

Social and economic conditions may deteriorate. Insecurity may worsen. Campaign promises may be ignored.

Public frustrations may become unbearable. Yet, incumbent governors and presidents often remain insulated from meaningful internal scrutiny and are even routinely anointed as ‘consensus’ candidate for second terms provided loyalties to godfathers, rather than the electorates are maintained.

The consequence is that loyalty, instead of performance is often rewarded at the expense of accountability.

This is not an argument for a revolving door at Aso Rock, as frequent leadership changes, by themselves, do not guarantee good governance.

Rather it is a case for making accountability an integral aspect of party politics in Nigeria.

Although the Nigerian presidential system provides for a fixed four-year term regardless of party confidence, political parties should however, be more than instruments for election campaigns, activated to simply retain or take over power every four years.

Electoral victory, should not be the ultimate goal, but the starting point of public service where democratic legitimacy must be continuously earned.

Equally important, political parties must develop the institutional maturity to honestly evaluate their own leaders. They must prioritise public interest and institutional credibility over loyalty to ‘Godfathers’.

The ultimate lesson from Westminster’s revolving door is clear: the true strength of a democratic system, lies not in the ability to produce leaders, but the capacity to effectively replace them, when they no longer command confidence.

Protecting failing leaders from accountability weakens democracy and political parties must ensure that no leader is more powerful than the institution.

Also read: Zamfara Governor, Dauda Lawal Shakes Up Cabinet, Moves Budget Commissioner to Education

As political parties gear up for the 2027 general elections, the political class must decide what matters more: we can continue to reward blind loyalty and endure predictable decline, or discover the courage to demand accountability from those who seek to lead us.

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Chief Obafemi Awolowo and the fabric of Nigeria’s history and society

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By Sabella Ogbobode Abidde,

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As a scholar, I have always wanted to edit or co-edit a book on the Big Ten of Nigerian nationalists, focusing on their lives, times, and generational impact from the nineteenth to the twenty-first century.

Also read: Abolish state of origin: A prerequisite for true national integration

An august list would include greats such as Aminu Kano, Herbert Macaulay, Nnamdi Azikiwe, Alvan Ikoku, Anthony Enahoro, Ahmadu Bello, Egbert Udo Udoma, Tafawa Balewa, Obafemi Awolowo, Eyo Ita, and Nnamdi Azikiwe. Two or more scholarly volumes would be ready before I bid farewell to my academic career.

But for now, this column briefly sheds light on a philosopher and mystic, who was also a political and economic giant: Chief Obafemi Awolowo.

His impact is multigenerational and wondrously woven into the fabric of Nigeria’s history, culture, and society.

Publicly available records indicate that the Nigerian nationalist movement began in the 1920s (Awolowo was born in 1909), so he had forebearers in the movement.

He later became one of the movement’s central figures, and by independence in October 1960, he had perhaps become the dominant personality shaping Nigeria’s political development and economic growth.

Awolowo was also a federalist. The first Premier of the Western region of Nigeria. The founder of the Yoruba nationalist group Egbe Omo Oduduwa.

He was the leader of the Action Group (AG), a political party and an opposition leader in the federal parliament, from 1959 to 1963.

A noted lawyer, author, journalist, and the founder and publisher of the Nigerian Tribune newspaper.

And in later years, under the first military regime, he served as the federal commissioner for finance and as vice chairman of the Federal Executive Council during the Nigerian-Biafran Civil War, 1967-1970.

Much later, Awolowo founded the Unity Party of Nigeria (UPN) and became the party’s presidential candidate in 1979 and 1983.

The consensus was that, on both occasions – especially in 1979 – the electoral body, acting at the behest of the then military regime, put its foot and thumb on the ballot-counting machines to the detriment of Awolowo.

In other words, those who voted didn’t count; the military counted and secured the votes for their preferred candidate.

Those officially sanctioned electoral irregularities, many Nigerians have asserted, partially account for why Nigeria has remained politically and economically miserable and socially chaotic in the years since.

And in the years since his passing, many of the so-called Awoists — men and women who claimed to be adherents and practitioners of his precepts — have fallen by the wayside.

They failed! By 1997, one rarely finds a school of politicians parading themselves as students of or members of the Awolowo Cathedral.

In the second decade of the twenty-first century, many politicians lack the impudence to call themselves Awoists.

The irony is that in the northern part of Nigeria, one can rarely find a pool of politicians who, today, adhere to the teachings and practices of Mallam Aminu Kano. And in the east, there are no more followers of Dr. Nnamdi Azikiwe.

Many politicians, from the east to the west, from the north to the south, and from the middle belt to the south-south, have done away with ethics, morality, ideology, or remaining faithful to their political parties.

Most no longer care about party manifestos or going to the State House, National Assembly, or the Presidency with the people’s burden on their hearts or shoulders.

In public or in private, participants in the Nigerian political and economic space think nothing about integrity, posterity, nation-building, or national interest. It is mostly about self-interest now.

That is what Nigeria has become! Many of the good, effective, efficient, visionary, and purposeful Nigerians are in hiding, while the audaciously corrupt are masters of the game, leaders at various levels of governance.

And we expect to change for the better? Heck no! It is a painful three-ring circus at all three levels.

I do not for once contend that the Federal Republic of Nigeria is a lost cause, a lost experiment, a lost entity, or a forsaken project. No! It can be saved; it can be brought back from the edge of the cliff.

And I also do not for once think that Nigeria should be partitioned into three or four separate countries.

Oh, no! I believe that sustained, first-rate, courageous, and visionary leadership can turn the Nigerian ship around. It is doable. This is not a hopeless country. It is not!

Many of the institutions Awolowo built are still going strong. Many of his policies have been proven right and correct. Many of his teachings have been found to be the appropriate panaceas for Nigeria.

And many of the physical infrastructure projects he built lasted for more than four decades.

And so, imagine where Nigeria would be today on the development scale – on the same level as Taiwan, South Korea, New Zealand, China, and Australia? Or the oil-rich Middle East countries.

Not having Chief Obafemi Awolowo as the president of this federation set her back three to four decades.

Examined dispassionately, his economic and political achievements have yet to be rivaled for several decades after his premiership of the western region, and neither has his commissionership (now minister) of the finance portfolio.

He was good, he was great, and he was miles above his contemporaries in the development of their various regions and in their generational legacies.

Without Awolowo’s policies, much of southern Nigeria – especially the western region — would perhaps be one of the least developed in today’s Nigeria.

Directly and indirectly, Awolowo was the man who made it possible for millions of Nigerians and their offspring to dream of and have a better life.

He promised, he delivered; he built and encouraged others, such as Michael Adekunle Ajasin (Ondo State), Lateef Kayode Jakande (Lagos State), Bola Ige (Oyo State), and Olabisi Onabanjo (Ogun State), to be builders.

If General Yakubu Dan-Yumma Gowon was the most consequential military leader Nigeria has ever had, Chief Obafemi Jeremiah Oyeniyi Awolowo, was the single most consequential leader and public figure beginning with his premiership in 1954.

Above all else, he was a family man, a good man, a good Nigerian, and a Pan-Africanist. He was better than most and far better than we thought. That’s Awo for you, a man who’s woven into our consciousness.

Also read: Abolish state of origin: A prerequisite for true national integration

Chief Obafemi Awolowo would have been 117 this year, but he died at 78 in 1987 at his home in Ikenne, Ogun State. Chief Hannah Idowu Dideolu Awolowo, affectionally called HID, was Awolowo’s “jewel of inestimable value.” He had said of her: “I do not hesitate to confess that I owe my success in life to three factors: the Grace of God, a Spartan self-discipline, and a good wife. Our home is to all of us, a true haven; a place of happiness, and of imperturbable seclusion from the buffetings of life.” HID was born in Ikenne, in1915 and passed in 2015 in the same locality. She was 99. It was a union and a marriage that lasted for five glorious decades.

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Church Leader Who Ushers: Low-Key Lifestyle of A Loud Prophet, Elijah Ayodele

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-by Folorunsho Hamsat

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In today’s clout-chasing world, everyone wants to flaunt their connections, and demonstrate influence. But one famous spiritual leader is completely changing the game on what fame should look like. Meet the leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, the Lagos based mega prophet who chooses to blend into the crowd.

Primate Ayodele is completely redefining spiritual leadership. While his prophetic voice thunders with undeniable authority on the global stage, his personal life is defined by deep, quiet humility. Those in his inner caucus say he does not chase trends or clout. He simply serves.

In a world where spiritual leaders are often expected to be showmen, Primate Ayodele presents a fascinating study in contrast. He is a man who is inherently reserved, yet his ministry commands global attention. He is a naturally quiet personality, but the sheer weight and precision of his prophecies make him appear like a remarkably loud person to the public.

Primate Ayodele’s prophetic ministry has expanded far beyond local borders, capturing the attention of nations across the globe. Renowned for his remarkably accurate insights into international politics, broad economic changes, and governance, Ayodele has quietly become a trusted confidant and friend to numerous men and women of timber and caliber.

Remarkably, Ayodele has direct access to top African presidents and world decision makers. The magic wand? His breathtaking accurate prophecies on global politics and economies that continue to win him honours across Africa, and beyond. However, he is hardly seen or heard bragging about it or dropping names to show off. He doesn’t chase clout, he delivers results, his people affirm. True power doesn’t need to make noise to be felt, Ayodele himself would say.

Church insiders squealed that if you walk into the Oke-Afa, Isolo headquarters of his ministry (where you almost always can find him) on a Sunday, good luck to you spotting him. This clearly shows how super shy and reserved Primate Ayodele really is. However, his voice only thunders when he stands on the altar to preach or drop his trademark prophetic warnings.

The true mark of Ayodele’s unique personality is, he can act as a president’s adviser on a Saturday, and happily serves as an ordinary usher in his own church on a Sunday!

Insiders confirm that once he steps off the altar, Primate Ayodele completely withdraws from the public eye. First-time visitors are said to be stunned because the world famous prophet blends right into the crowd. Within and outside his church, no massive security squad, no fancy exclusive prestige, and no ego.

During church services, we learned, Ayodele would roll up his sleeves and acts as a regular church usher. Sometimes, insiders revealed, he even stands right at the church’s entrance, mounting guard at the door to welcome guests and church members. Talk about ultimate servant leadership.

For Primate Ayodele, indeed, true spiritual power is beyond making a loud noise, but rather about making the biggest impact.

-Folorunsho Hamsat is a Lagos based journalist

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