NLNG Corporate Caring banner First bank SME Connect Fidelity bank card banner Emerald Energy Institute Camano banner

Kwale Industrial Park: Delta will provide $10m counterpart fund to investors — Okowa

By News Express on 23/10/2019

Gmail icon

Views: 316


Governor Ifeanyi Okowa of Delta on Tuesday said the State Government was ready to provide 10 million dollars counterpart fund for prospective investors towards the construction of Kwale Industrial Park in the state.

He made this known at Kwale Industrial Park Road Show in Shenyang, China.

At the event which was attended by Chinese Government officials and potential investors, Okowa outlined the vision of the state government for an aggressive industrialisation agenda.

Explaining the initiative, he said: “I am here personally and along with key members of the State Executive Council and legislators as a sign and demonstration of our commitment to this initiative.

“Nigeria is open for business and I make bold to say that Kwale Industrial Park is a compelling investment choice.

“I want to say upfront that locating in Kwale, an industrial park opens your business to Africa’s biggest market. Nigeria, and Africa as a whole, is the world’s next frontier business to benefit from that growth.

“In Delta, we are working relentlessly to make Kwale the most investor-friendly location in Nigeria. It is a peaceful community and the support and cooperation of the community is already assured.

“I can tell you that they are eagerly waiting for the park to take off.”

On incentives, the governor affirmed that the state government was creating an intervention fund of 10 million dollars in the first instance.

According to him, this is to support investors that are able to make an early decision to set up their plants in the Kwale Industrial Park.

He said: “The money will be utilised as a counterpart start-up equity fund from the State Government to enable investors to partially de-risk their investment.

“I am confident that some of you who have existing plants will find such equity contribution helpful in kick-starting your venture into the park.

“Delta State is also looking to collaborate with the Province of Liaoning formally in a strategic partnership.

“We believe that such government-to-government partnership will be a confidence-booster for prospective investors and we assure them of the security of their investment.”

In his remarks, Nigeria’s Ambassador to China, Mr Baba Jidda, lauded Governor Okowa’s initiative, and challenged other state governors to key into initiative for the development of the nation.

“I am highly impressed by the initiative of Gov. Ifeanyi Okowa in establishing the Kwale Industrial Park.

“Our responsibility here in China is to promote investment between Nigeria and China, and Delta State Government led by the governor himself has really shown the way.

“We are highly encouraged by the initiative and I want to assure you that the Chinese investors that attended the roadshow were highly impressed.

“We at the embassy will do our very best to support the initiative as we encourage other governors to emulate this positive step,” he said.

The highpoint of the roadshow was the signing of a Memorandum of Understanding between Delta Government and a Chinese agricultural company to grow and process soya bean at the Kwale park.

 

PHOTO: Nigerian Ambassador to China, Amb. Baba Ahmad Jidda, Governor Ifeanyi Okowa and Mr. Zhao Hongbin, Governor, Liaoning Province,  at Kwale Industrial Park Road Show in Shenyang, China.

Source News Express

Posted 23/10/2019 05:06:42 AM

 

 

CLASSIFIED ADS

 

You may also like...
EFCC faults witness’ attempt to distort facts in...

24 Ebola patients flee treatment centre

Nigeria plans N193bn Treasury bill sale next week...

Atiku Abubakar’s Dubai marriage allegation unfounded — Group...

FIRS targets N4.9trn revenue in 2016

Wear full veil and face arrest, trial —Government...

UNILAG commences 50th convocation programme

Britain says regrets role in anti-gay laws among...

Pandemonium as Davido sworn-in at Lagos NYSC camp...

Buhari heads home after ‘technical stopover’ in London...

Election petition: INEC refusing Atiku assess to election...

May 30: IPOB, MASSOB, pro-Biafra groups defy clampdown,...

 

Latest News BREAKING: Edo APC suspends Oshiomhole following vote of no confidence Three actors stabbed on stage IGP, INEC chairman tear gassed in Lokoja Policeman who supplies drugs to Boko Haram nabbed Rat holds up flight for 12 hours Gombe Assembly deputy speaker impeached Trousers palaver: Reinstate dismissed Corps members, HURIWA tells NYSC Bayelsa poll: Court disqualifies APC deputy governorship candidate How a preacher sent gunmen into schools Drama as tricycle operators waylay senate president Camera nails policeman collecting N15,000 bribe Ghanaian traders shut more Nigerians' shops

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (561,408 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (451,649 views) Shameless Genevieve Nnaji exposes breasts in public (400,603 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (334,617 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,008 views) 10 cars more expensive than Jets (279,076 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,397 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,493 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (237,996 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,327 views) Lagos plane crash: Journalist releases victims’ names (200,963 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (197,825 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (108) Business & Economy (4,562) Business Verdict (86) Columnists (1,142) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (702) Features (844) Global Business Monitor (493) ICT Monitor (67) International (4,194) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (481) News (53,870) Opinion (1,418) Pidgin (17) Politics (11,690) Religion (1,118) Sports (2,221) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera