Speaking to newsmen on the sideline during the ground breaking ceremony by the governor, at Isselu-Uku, the administrative headquarter of Aniocha north local government area of the state, Chief Onuesoke, said the project would contribute positively to the industrial development of the state in particular and Nigeria in general.
He added that the earning of foreign currency from the project would boost the socio-economic development of Nigeria.
According to him, “This project is one of the best thing that has ever happened to Nigerians. It will encourage investment in other facets of the society, thereby boosting employment, increasing earning and improving the socio-economic life of the people. By so doing, it will reduce the criminal activities in the state to the barest minimum”.
Onuesoke pointed out that for the governor to attract such a company of global high economic value into the state, is a testament of his earlier promise of attracting foreign investors by creating an enabling environment that would make the state become the most investor-friendly destination in Nigeria.
He recalled that Governor Okowa in a meeting with prospective Chinese investors last year made an interesting remarks about seeing to it that the state becomes the most investor-friendly destination in Nigeria.
“The meeting, held in Shenyang, China, was part of a roadshow organized by the state government to build momentum for the impending industrial park in the Kwale region of Delta State. To achieve it, the Governor set up an initial intervention fund of $10 million as a counterpart start up equity to de-risk the investment for investors that are able to make an early decision to set up their plants in the industrial park. While this is a step closer to creating a sustainable economy for Delta, the writing on the wall clearly showed that the state heavily favours industrialization,” he disclosed.
Onuesoke explained that in furtherance of the Okowa-led administration’s agenda to truly transform the state into an entity weaned of over-dependence on crude oil as revenue source, Governor Okowa, has long articulated a policy to industrialize the state by creating industrial parks in designated areas of the state to attract prospective investors, adding the housing of $40 million Africa Largest Manufacturing Tower is one of the achievements of his efforts.
It would be recall that on 14th January 2021, the state government through the Delta Investment Development Agency has partnered Delfrasco to house Africa’s largest Tower Manufacturing, Testing, Research, Training & Hot Dip Galvanising Facility in Issele-Uku, Aniocha North Local Government Area of Delta State.
Upon completion, the industry would be Nigeria’s and indeed, Africa’s first and largest multi-industries local content industrial complex, providing products and services to power, oil and gas, telecoms, agriculture and other industries.
The $40 million, when converted is about N15.2 billion Nigeria currency.
