A club dedicated to mobilising Delta State indigenes and others to invest in the State has been launched in Asaba. The club's President, Mr. Omas Robinson, a Deltan resident in the United Kingdom, stated that the major objective of the Club is to further empower Deltans at home and in the Diaspora financially. This is to be achieved through investing in already identified potential profitable opportunities in Delta State and across the world.
The Governor of Delta State, Rt. Hon. (Elder) Sheriff Oborevwori, has demonstrated his passion for developing the State by organizing a well-attended Delta State Investment and Economic Summit. During the summit, he instituted a $100 million de-risk fund for investors and personally attended all the sessions with his Executive Council, chairmen of local government areas, and other political appointees, as well as other citizens across the State.
Mr. Robinson revealed that 1,500 Deltans have been earmarked to be integrated as shareholders in the Club’s first phase of investments free of charge. As soon as the first tranche of Deltans are fully empowered, another 1,500 will be admitted as new shareholders. This initiative aims to promote financial empowerment and inclusivity among Deltans.
The Club is open to private investors from other parts of Nigeria, the Diaspora, and across the world. These investors can participate in the Club by either deploying capital to partner with the Club to invest or partner with their expertise and professional competence to achieve the goals of the Club. This inclusive approach is expected to foster collaboration and drive growth.
The Club is partnering with banks, insurance companies, and different companies with requisite expertise to ensure the success of its investments. To guarantee transparency and accountability, the Club will hold an Annual General Meeting every year. This will enable investors to assess the performance of their investments and make informed decisions.
The Delta Investment Club has identified various sectors for investment, including Agriculture, Oil and Gas, Blue Economy, Solid minerals, and other sectors in Delta State. By diversifying its investments, the Club aims to maximize returns and minimize risks. This strategic approach is expected to yield long-term benefits for investors.
The launch of the Delta Investment Club has been welcomed by stakeholders, who see it as an opportunity for Deltans to take control of their economic destiny. With the support of the State government and private sector partners, the Club is poised to make a positive impact on the State's economy and empower its citizens financially.
Key points
- The Delta Investment Club aims to empower 1,500 Deltans as shareholders in its first phase of investments.
- The Club has identified Agriculture, Oil and Gas, Blue Economy, and Solid minerals as key sectors for investment.
- The Governor of Delta State has instituted a $100 million de-risk fund for investors.
