Niger Delta
Okowa Confirms Investors’ Interest In Kwale Industrial Park
Delta State Governor, Senator Ifeanyi Okowa, has said some prospective investors in Kwale Industrial Park in the state, have indicated readiness to commit funds to the project and relocate to Nigeria.
Okowa made this known at The Natural Gas and Chemicals International Forum In Nanjing, China.
The event with the theme “Nigeria: The Kwale Industrial Park Investment Opportunity”, had investors, consultants, Federal Government delegation as well as delegation from the state in attendance.
The Governor expressed confidence that his trip to China was fruitful, adding that the industrial park project had been properly positioned before the international investing community.
”I have had the privilege of attending these strategic meetings and one of the companies which is a methanol company is ready to relocate to Nigeria.
”We had a very useful session, answering most of their questions and also asking them questions which they’ve provided answers to.
”We are hoping that within the next two weeks there will be a communication between them and our team.
”The Chairman of the company is also looking
forward to being in Nigeria before the end of November and all things being normal, we hope that by next year, they will be in Delta at the Kwale Industrial Park to begin the process of construction
”Deltans have also been reassured of our commitment to ensuring that the Kwale Industrial Park project comes to fruition,” he said.
The governor said that the state government was aware of the advantage of the industrial park to the state, adding that his delegation
was in china to market the project.
”We have worked with technical partners who are knowledgeable and we have done a lot of work.
”The process started about 18 months ago and the responses we are getting from here is very reassuring.
”I ask our people to continue to ensure a peaceful environment which is necessary to attract the enterprises that we need to deliver this project,” he added.
In his remarks, a Federal Government Representative, Mr Peter Ekwozo, restated the commitment of federal s initiative in attracting foreign direct investment in methanol fuel industry.
government towards supporting Governor Okowa’s initiative in attracting foreign direct investment in methanol fuel industry.
Ekwozo, who is a director in the Federal Ministry of Science and Technology, said: “This is an excellent move by Delta State Government.
”This will involve so much because of the value chain effect; there will be so many spills off industries that will create jobs and generate wealth.
”It will also take Nigerian youths off the streets.”
He added, saying, “Methanol fuel is actually targeted at five sectors that the federal government has committed to the global community under the Paris Agreement that will be coming into effect next year.
”I just want to tell the governor that he should keep it up, look at where he is now, he is far ahead of the federal government so, this policy will help him to further drive this project.”
Albert OGRAKA, Asaba
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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