DELTA STATE SIGNS MOU WITH UK BASED ENTIEIES ON BLUE CARBON PARTNERSHIP-OBOREVWORI.

Delta State Governor, Sheriff Oborevwori, has signed a Memorandum of Understanding with UK-based entities to implement a Blue Carbon Partnership. 

The governor disclosed this in Asaba on Wednesday while addressing the State House of Assembly on the State of the State in commemoration of his second year in office.

According to him, the project, which is expected to conserve over 270 hectares of mangroves and seagrass, generating 4,500 direct jobs and numerous indirect opportunities, will also provide economic benefits through carbon credit sales and promote regenerative agriculture.

Highlighting other initiatives, including Public-Private Partnerships in agriculture to boost production and food security, with ₦1.165 billion allocated for pilot programs, he added that a ₦1 billion Managed Fund Scheme for Micro, Small, and Medium Enterprises (MSMEs) was established to improve access to affordable credit.

Governor Oborevwori also mentioned the revival of the Kwale and Koko Free Trade Zone, with six companies currently operating and more expressing interest, noting that the state has also been listed among beneficiaries of the Special Agro-Industrial Processing Zone initiative and has indicated interest in the Federal Livestock Development Programme