Delta State Grows Revenue Through Economic Diversification

The Delta State Government has announced a significant rise in its Internally Generated Revenue (IGR), increasing collections from about ₦84 billion in 2023 to more than ₦200 billion. The government said the over 138 per cent growth was achieved through strategic reforms and economic diversification under Governor Sheriff Oborevwori’s MORE Agenda.

The achievement was highlighted during an assessment visit to Asaba by a delegation from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). The team evaluated the state’s efforts to expand its revenue base and strengthen economic activities beyond the oil sector.

According to the state government, the growth in Internally Generated Revenue reflects deliberate investments in sectors such as agriculture, industrialisation, innovation and other non-oil industries. These initiatives form part of the administration’s broader strategy to build a stronger and more resilient economy.

The Internally Generated Revenue increase comes as many states across Nigeria work to reduce their dependence on monthly allocations from the Federation Account. Several state governments have increased investments in agriculture, manufacturing, technology, tourism and other sectors to improve financial sustainability and generate more local income.

During the visit, the RMAFC praised Delta State’s commitment to economic diversification, describing its approach as a strong example of how states can create lasting economic growth through non-oil investments.

Governor Oborevwori’s MORE Agenda—which stands for Meaningful Development, Opportunities for All, Realistic Reforms and Enhanced Peace and Security—places strong emphasis on infrastructure development, economic expansion, improved governance and human capital development.

Since taking office in May 2023, the governor has consistently promoted Internally Generated Revenue growth as a key part of his administration’s plan to strengthen Delta State’s finances and reduce its reliance on oil earnings.

Do you think greater investment in non-oil sectors can help other Nigerian states achieve similar revenue growth?