Onuesoke Hails Okowa For Housing $40m Africa Largest Manufacturing Tower In Delta State

With the aim to promote industrialization, Delta State Government through 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 will 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.

Speaking  to newsmen on the sideline on Thursday  during the ground breaking ceremony by Governor  Ifeanyi Okowa  at Issele-Uku, Aniocha North Local Government Area of Delta State, Onuesoke said the project will  contribute positively  to the industrial development of  Delta 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 Okowa attracting of  company of such global high economic value into Delta state is   fulfillment of his  earlier promise of attracting foreign investments into Delta state by creating  an  environment  that will make the state  becomes 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 Delta becomes the most investor-friendly destination in Nigeria.

“The meeting, held in Shenyang, China, was part of a roadshow organised 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 $10m 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 his administration’s agenda to truly transform Delta State into an entity weaned of over-dependence on crude oil as revenue source,  Governor Ifeanyi Okowa, has long articulated a policy to industrialise the state by creating industrial parks in designated areas of the state to attract prospective investors, adding the housing of   $40m Africa Largest Manufacturing Tower is one of the achievements of his efforts.