Chairman of Heirs Holdings, Tony Elumelu, has described Delta State as one of Nigeria’s emerging investment destinations, saying the state is well-positioned to attract both local and foreign investors.
Speaking at the Delta State Economic and Investment Summit in Asaba, the billionaire businessman commended Governor Sheriff Oborevwori for what he described as visionary leadership, noting that ongoing developments across the state have strengthened investor confidence.
“I want to congratulate our Governor for his visionary leadership and for what he is doing for the people of Delta State,” Elumelu said.
According to him, the visible transformation taking place in Delta has encouraged more private sector investments, with more businesses and real estate projects springing up across the state.
“Through television, social media and other platforms, I have seen the remarkable progress being made. I see people investing and building estates in Delta State, and that is encouraging. Delta State is changing, and we are proud of what is happening,” he added.
‘Delta Is Ready for Investment’
Elumelu described Delta as a profitable and business-friendly environment, urging investors to take advantage of the opportunities available in the state.
“Delta State is ready for investment. It is profitable, investor-friendly and very receptive to businesses,” he said.
Power Supply Remains Key
The business mogul stressed that reliable electricity remains the foundation of industrial growth and economic development, calling for stronger collaboration between the Delta State Government and the private sector to address challenges in the power sector.
“Everything we have discussed here ultimately comes down to one critical factor—electricity,” Elumelu stated.
He revealed that Delta currently has about 1,000 megawatts of installed electricity generation capacity, but noted that a significant portion of it remains underutilised due to gas supply challenges.
“We are unable to fully utilise this capacity because of certain constraints, particularly gas supply challenges,” he explained.
Calls for Government-Private Sector Partnership
Elumelu appealed to Governor Oborevwori to work closely with private investors to remove the bottlenecks affecting electricity generation and distribution.
According to him, stronger collaboration would enable Delta to become a leading power-producing state, providing affordable and reliable electricity for businesses and residents.
“Working together, we believe Delta State can become a leader in electricity generation and distribution, making power more available, more reliable and more affordable,” he said.
He added that such a partnership would be Heirs Holdings’ contribution to the state’s long-term economic development.
