The Niger Delta Development Commission (NDDC) has taken a significant step towards fostering economic growth in the Niger Delta by releasing N10 billion to the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA).
This initial installment of a promised N30 billion investment aims to stimulate entrepreneurship and empower businesses at all levels.
The announcement came during the inauguration of the NDCCITMA board of directors in Port Harcourt. NDDC Managing Director, Dr. Samuel Ogbuku, emphasized the commission’s commitment to supporting commerce and trade in the region.
“We are fulfilling our promise by releasing this N10 billion to kick-start the entrepreneurs’ development program,” said Ogbuku, who was represented by the NDDC Executive Director of Finance and Administration, Alabo Boma Iyaye.
“This initiative will support businesses at the nano, micro, and small-scale levels, and we are confident that our partnership with NDCCITMA will drive economic growth across the Niger Delta,” he said.
The programme will initially benefit 5,000 businesses, with the NDDC and NDCCITMA working together to implement the operational details. All contractors and vendors working with the NDDC have been advised to register with NDCCITMA by July 31st, 2025, for continued consideration for projects.
The inauguration of the NDCCITMA Board was hailed as a significant milestone for the region by NDDC Executive Director Projects, Sir Victor Antai. He highlighted the board’s composition of seasoned professionals who are committed to driving business development in the Niger Delta.
“This is a new chapter in the region’s development agenda, where business development will take center stage,” said Antai. “We are confident that the NDCCITMA will serve as a catalyst for economic growth and create opportunities for all.”
Ambassador Idaere Ogan, the NDCCITMA Board Chairman, echoed this sentiment, emphasizing the chamber’s alignment with the NDDC’s vision for a prosperous and stable Niger Delta.
“Our purpose is to foster development at all levels of the economy,” said Ogan. “We will facilitate job creation, skill development, innovation, and export growth, creating a platform for productive partnerships.”
The NDDC’s investment in the NDCCITMA signals a commitment to empowering local businesses and fostering a sustainable economic future for the Niger Delta region.
