Beyond DIDA’s Call For Partnership With Private Sector, by Jerome-Mario Utomi

Recently, Hon Anthony Elekeokwuri, Director General, the Delta Investment Development Agency (DIDA) called on serious minded local and foreign investors to take advantage of the state government’s ease of doing business package.

While noting that the creation of DIDA was instructive of the seriousness attached to fully explore the investment potentials of the state as MORE agenda of the Oborevwori administration had lots of investment opportunities to explore, Tony who made the call in Asaba, the state capital, reportedly assured of a conducive environment to do business in the state, adding that government would assist in land acquisition, provision of safety, ensuring cordial relationship with host communities, as well as grant tax waiver to prospective investors’’.

Without labour, the most telling evidence that renders the present call by Hon. Tony as understandable and validly important is critically signposted in the fact that it is within the preview of DIDA to use every creative means to revive the moribund industries in the state, and if achieved, will definitely create massive employment opportunities in ways that will end the protracted youth unemployment which seems to have visibly defiled every solution in the past.

This is closely followed by the new awareness that the role of private sector in driving investment and the economy can no longer be substituted as the crushing weight of infrastructural provision and economic diversification has become too heavy for the government alone to carry.

In fact, this second point becomes more appreciated when one commits to mind that the call to development minded agencies for productive collaboration between private and public sectors at the global stage has become a lingua franca of the sort. A typical example to this fact is the 2030 Sustainable Agenda, which loudly encourages private sectors to partner with public sector in areas such as; agriculture, oil and gas, power generation, environmental remediation among others.

However, beyond these peripheral advantages coupled with accompanying promise by DIDA Boss that government would assist in land acquisition, provision of safety, ensuring cordial relationship with host communities, as well as grant tax waiver to prospective investors, there are in the opinion of this piece, other critical steps that must first be taken by DIDA and state government for critical minds to take the state Government seriously in its present bid.

To attract investors, the state government must do more in the area of security provision as it has the capacity to promote atmosphere of peace, enhance profitability in business, assist investment to thrive while attracting new ones. For the purpose of clarity, it is not as if the state has not done anything in the past to secure the state. But looking at commentaries, it is obvious that the state government needs to do more in the interest of deltans and prospective investors.

The reason for the above demand by this author is not farfetched. It is a well known truth that as unchained torrents of water submerges whole country sides and devastates crops, even so, absence of security within the state will serve but to destroy investments and chase away potential investors. This is a reality confronting the state of which the state government must look into and act very fast.

Again, catalysing this needed partnership with private sector in the race for massive industrialization and economic development of the state will in the opinion of this author, call for a higher level of transparency on the part of the government. Transparency will remain the cornerstone as it will increase the confidence expected by these interventionists’ private sectors who may not be disposed to investing in an environment that is devoid of transparency and accountability.

In a similar vein, to succeed in the present vision, it is important for the state to openly admit and adopt both structural and managerial changes if achieving this agenda is at the centre of our goal. This to my mind will necessitate the state welcoming approaches that impose more leadership discipline than conventional, and creating government institutions that are less extractive but more innovative in operation.

This shift in action is important as we cannot solve our socio-economic challenges with the same thinking we used when we created it. And this time is auspicious for the state government to bring a change in leadership paradigm by switching over to a leadership style that is capable of making successful decisions built on a higher quality of information while dropping the age-long mentality which presents execution as more important than idea incubation.

Very instructive also, finding solution to other societal problems that hinder business growth in the state and developing a climate of sustainable future and innovation is another critical part of the assignment that needs a disciplined attention on the part of the state government if this present call by DIDA is to be achieved.

To make this call and existence of DIDA most rewarding in the state, this piece holds the opinion that the agency need not wait for local, national or international investors before they act. Hon. Tony and his agency must start where they are and with what they have, particularly as the state is dotted with moribund establishments that they can restart without delay. The state must take action as a practical demonstration of sincerity convincing enough for investors to jump in.

As an incentive, few kilometers away from DIDA’s corporate office is now rested Delta state owned Textile Mill popularly known as Asaba Textile Mill.

While deltans wait, one thing is sure, if these establishments are revived, it will appreciably create huge employment and positively add visibility to the reputation of the present administration in the state.

The state government must do this not for political reasons but for the survival of the state’s economy and guarantee the future of her youths. For his part, the state governor must not fail to remember that: “We are in dire state of strait because unemployment has diverse implications. Security wise, large unemployed youth population is a threat to the security of the few that are employed’’. Also worth committing to mind is Development Professionals’ admonition that any transformation agenda that does not have job creation at the centre of its programme will take us nowhere”.

As we know, youths challenge cuts across, regions, religion, and tribe, and has in the past led to the proliferation of ethnic militia as well as youth restiveness across the country. And it is only by engaging these teeming youths through employment creation that the incessant youth restiveness can be abated.

Jerome-Mario, a journalist, write in from Lagos, via Jeromeutomi@yahoo.com./08032725374.