ASABA/Nigeria: The Deputy Governor of Delta State, Sir Monday Onyeme, FCA, has voiced the satisfaction of Deltans with the influx of investors into the state. This sentiment was expressed during a meeting held in Asaba on Tuesday evening, where Mr. Mukesh Sharma, Director of Vulcan, a steel mining and infrastructure company, paid a courtesy call.
Sir Onyeme emphasized the significant benefits expected from the presence of these investors in the state. “From what Mr. Sharma has said about what his company will do in our state, we can’t wait for them to start their business because the benefits of having the companies doing their businesses in our state are enormous,” stated the Deputy Governor.
He further assured Vulcan and other prospective investors of the conducive environment provided by Delta State for their business operations. “The government of Delta State is interested and wants you to start operation as soon as possible,” he affirmed, emphasizing a sense of urgency in facilitating these investments.
Expressing optimism about the swift implementation of these projects, Sir Onyeme stressed, “As an individual, I want action, there is no need for delay. I am confident that before the end of the first tenure of Rt. Hon. Sheriff Oborevwori’s administration, our people will see in practical terms, the delivery of democratic dividends.”
Mr. Sharma, representing Vulcan, disclosed plans to establish a three million tons integrated steel plant in the state, focusing on producing Hot Rolled Coil (HRC) and other value-added downstream steel products. “This plant will not only do import substitution and take care of the requirements of steel products of Nigeria but will also supply steel coils to other neighboring countries, generating valuable foreign exchange for Nigeria,” he explained.
Additionally, the Commissioner for Trade and Investments in the state, Hon. Samuel Oligida, highlighted Mr. Sharma’s enthusiasm upon being shown a site for the project. He revealed that Vulcan intends to construct its own seaport, anticipating the creation of over 3000 job opportunities.
The positive reception from both governmental and business entities underscores a promising trajectory for economic growth and job creation in Delta State. With a commitment to fostering an enabling environment for investment, the state aims to capitalize on these opportunities for the benefit of its residents and the broader Nigerian economy.
