The commissioner for Trade and Investment, Hon. Samuel Oligida has said that Delta is an investment hub and is ready to do the needful to promote investment.
Oligida made this known, Tuesday, during a courtesy by Sino City International, a Saudi Arabian based company seeking investment opportunities in Delta State.
Oligida explained that the state is at an advantage of foreign investors because of the 2 functioning airports in Asaba and Osubi as well as the 4 sea ports in Warri, Burutu, Koko and Sapele. It was emphasized that Delta State has enough land to give out for real estate and is willing to facilitate the documentation process and give waivers on taxes.
The Government of the state has also provided a good road network for free movement and security for intending investors.
Oligida listed the following sectors as being open for investment with certainty of providing great Return on Investment for the investors:
– Oil and Gas (Refineries)
-Railways (To link different cities)
-Fish Feed Mills
-Green house farming (farming of vegetables in large scale)
-Oil Palm Milling
-Industrial Infrastructure
-Partnering with the State to develop Independent Power Plant (IPP)
-Technology
-Entertainment
-Investment in the Free Trade Zone (Delta State has 2 in Kwale and Koko where import and taxes are free within the free zone)
-Commercial farming of corn and millet
– Mining of mineral resources like silica for glass production.
Earlier, Dr Salsi Salsi, a representative from Sino City International explained that the purpose of the visit was to know the green areas for investment and tap into the favourable atmosphere of Delta State.
Dr. Abdul Lateet from the Nigerian Embassy in Saudi Arabia thanked the commissioner for his vast knowledge and assured him that they would look into the available options and be back with a proper proposal.
