Vice President Kashim Shettima has said that the Federal Government is willing to render any form of support to viable business investments in the country.
Shettima spoke on Monday at the Delta Economic and Investment Summit in Asaba, Delta State.
The summit is a strategic platform for economic transformation aimed at deepening investor confidence, fostering strategic partnerships, and attracting both domestic and foreign direct investment.
Addressing the gathering in the Delta State capital, Shettima said the rise in investment summits is a sign of healthy competition among states.
According to him, with more money coming to states, sub-nationals have a stronger foundation.
In his address, Governor Sheriff Oborevwori of Delta said his government had set aside $100 million as viability gap funding to de-risk new investments in the state.
“Mr. Vice President, as I conclude my address, I am pleased to announce that the government has set aside 100 million dollars, approximately 133,800,000,000, as viability gap funding to de-risk new investments in the state,” the governor said.
According to him, Delta State has also earmarked over 12,000 hectares of farmland for agricultural development for prospective investors.
“Investment opportunities abound in the value chain production of cassava, oil palm, rice, potato, and other cash crops. It is my pleasure to announce that in preparation for this summit, over 12,000 hectares of farmland have been marked for agricultural development for prospective investors.
“And in addition, the entire state has a coastline of one to three kilometres suitable for the development of a thriving marine economy,” he said.
