Delta State Government has intensified effort at job creation by engaging Stallion Auto Keke Limited to establish a tricycle manufacturing plant in the state.
Chief Economic Adviser to the Governor, Dr. Kingsley Emu, who disclosed this at the exhibition of the new Auto Keke Bajaj tricycle in Asaba yesterday said the partnership is a humongous project because of Stallion’s reputation as a leading and foremost automobile player and a global brand with model automobile showrooms across the country.
He said the state was leveraging the company’s successful operations in the past 52 years to replicate their success story in Delta to boost employment generation, wealth creation, skills acquisition and enhance the state’s Internally Generated Revenue IGR.
According to Emu, the state government is providing incentives and an enabling environment while Stallion is providing the state government with a three per cent equity stake in the venture.
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“The Auto Keke Tricycle plant shall be consummated under a PPP arrangement with Delta State Government providing enabling environment and land to establish the plant.
“By bringing them to Delta, we are bringing them closer to the South-South and the South-East because they have a lot of market share in the region.”
“In the past 6 years we have directly established over 10,000 and over 100,000 indirectly affected while over one million jobs have been created within the corresponding period,” Emu said.
Director-General of the Delta State Investment Development Agency (DIDA), Chief Lucky Oghene-Omoru, commended stakeholders for their commitment to the project, adding that Delta remained peaceful with an enabling environment that guarantees massive returns on investments.
Managing Director, Stallion Auto Keke Limited, Manish Rohtagi, said production would commence next week as soon as machines were shipped from Lagos.
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