The Delta State Government on Tuesday entered into an agreement with the Stallion Auto Keke Limited to establish tricycle manufacturing plant in the state.
The Chief Economic Adviser to the Governor, Dr. Kingsley Emu, at the exhibition of the new Auto Keke Bajaj tricycle at the Cenotaph, Asaba, said that the temporary manufacturing plant will be sited along the Benin -Asaba Expressway, Okpanam, Oshimili North Local Government Area.
Dr. Emu noted that the partnership is a humongous project because of Stallion’s reputation as a leading and foremost automobile player and global brand with model automobile showrooms across the country.
He said the state was leveraging on 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, “Delta Government is providing incentive and enabling environment, while Stallion is providing the state government with 3% equity stake in the venture.”
he maintained: “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.
“Delta is famous for entrepreneurship and job creation and I must commend Stallion Group for their desire to establish the manufacturing plant in Delta.
“By bringing them to Delta, we are bringing them closer to the South-South and the Southeast 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.
“The partnership will also entail the training and establishment of 2,000 mechanics among the Keke riders.
“With all of these efforts, we are committed to deepening our entrepreneurship programmes to create more jobs for our people.”
The 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 that they are partnering with Delta Government to establish the pant in Delta to provide better product at affordable price.
He stated that Keke riders were important because they make their money daily and contributes to the economy of the nation.
The Stallion boss added that production would commence next week as soon as machines were shipped from Lagos.
The President of Keke Riders Association in Delta Atate, Chief Obi Nzete, commended Governor Ifeanyi Okowa for having the interest of the Keke riders, adding that the Keke riders would continue to reciprocate government’s kind gesture and pledged the support of the union to the venture.
He said a lot of youths who would have taken to crime and criminality have been engaged, thereby, making them bread winners in their families.
The ceremony was attended by top government functionaries, including the Commissioner for Finance, Chief Fidelis Tilije; Commissioner for Information, Charles Aniagwu; Commissioner for Youths Development, Ifeanyi Egwunyenga; Commissioner for Women Affairs, Mrs. Flora Alanta; Chief of Staff to the Governor, Festus Agas; Chief Strategist to the Governor, Dr. Festus Okubor; Chairman, Delta State Investment Development Agency, DIDA, Paul Nmah, amongst others.