Trending 
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Prof. Taiwo Oyedele, has called on the Delta State Government to take advantage of the Federal Government’s economic reforms to attract more investment, grow businesses and drive long-term economic development.
Speaking at the Delta State Economic and Investment Summit 2026, Oyedele said the summit’s theme, “Harnessing Our Strengths, Unlocking Our Potentials,” captures the opportunity before the state to build on recent economic reforms and unlock greater growth through strategic investments and effective governance.
He said the Tinubu administration had taken difficult but necessary steps to stabilise the economy, including unifying the foreign exchange market, removing fuel subsidies, restoring monetary discipline and introducing tax reforms aimed at widening the tax base while easing the burden on businesses, especially small and medium-sized enterprises (SMEs).
“I mention these achievements not to declare victory, but to underscore a fundamental truth: macroeconomic stability is the responsibility of the Federal Government, and that foundation has now been laid.”
Oyedele noted that the reforms have significantly increased revenue flowing to states and local governments, giving them greater capacity to pay workers’ salaries, settle pension arrears, invest in infrastructure and improve public services.
He stressed that while the Nigerian Government is responsible for creating a stable economic environment, it is up to state governments to turn that stability into tangible benefits for their people by implementing sound policies and creating an environment where businesses can thrive.
“The Federal Government provides economic stability. State governments convert that stability into shared prosperity. Local governments, in turn, translate that prosperity into a higher standard of living for every family. That is what genuine fiscal restructuring looks like in practice.”
Oyedele said many of the policies that directly affect businesses—including land administration, investment facilitation and agricultural value chains—are largely within the control of state governments.
He added that Delta State is well-positioned to attract investors because of its abundant natural resources, strategic location, agricultural potential and entrepreneurial population.
“When strong federal economic reforms are matched with visionary leadership at the state level, opportunity becomes reality. The Federal Government is fulfilling its responsibility at the centre, and Delta State is demonstrating its commitment by creating an enabling environment where investment, enterprise, and prosperity can flourish.”
He urged the Delta State Government to build on the opportunities created by the Federal Government’s reforms by encouraging private-sector investment, expanding industrialisation and creating sustainable economic opportunities for residents.
