Investment Drive: Delta Assembly Assures Favourable Legislation For Investors

The Delta state House of Assembly has promised to continue to make a favourable legislation that will promote trade and investments in the state.

The Chairman, House Committee on Trade and investments, Hon Matthew Opuoru gave the promise when he led members of the committee on a familiarization visit to the State Ministry of Trade and investments in Asaba.

Hon Opuoru representing Warri South Two Constituency in the House and his team were received on arrival by the Commissioner in charge of the Ministry, Hon Chika Ossai.

The Lawmaker stated that the Ministry of Trade and Investment was key to building a Stronger Delta and commended the effort of Governor Ifeanyi Okowa in diversifying the economy of the state from oil to industrialization.

Hon Opuoru stressed that the establishment of Kwale Industrial Park is a welcome development, noting that the project when completed would be of great benefit to the state and its people.

He sued for cordial relationship between the ministry and the House committee on Trade and Investments, emphasizing that the House of Assembly will continue to make laws that will encourage investors to the state.

Other members of the committee, including Honorables Austin Chikezie, Moses Anaughe, Alfred Martins and Pullah Ekpotuareyin, commended the Commissioner for his drive for excellence.

The Lawmakers stressed the need for more investors to be attracted to the state and commended the efforts of Governor Okowa towards making investments to thrive in the state.

While assuring the Commissioner of sustained partnership, the Lawmakers said there was the need to make Delta state a commercial nerve centre in West Africa.

The Commissioner for Trade and Investments Hon Chika Ossai told the legislators that the State government investments trip to China was part of government efforts to industrializing the state, disclosing the commitment of government to ensuring a speedy commencement of the Kwale Industrial Park.

Hon Ossai said about four different investors have indicated interest to invest in the Kwale Industrial Park, expressing optimism of more investments that will boost the economy of the state.

The Commissioner told the Lawmakers that the ministry had embarked on re-certification of cooperatives societies in the state to making them conform to the realities of the time as he had observed that some of them were not functioning.

Hon Ossai highlighted the ministry’s support for some fish farmers in the state as well as government effort towards revamping the Bendel Glass Company, Ughelli, disclosing that an investor has already picked interest on it.

He said seventy percent of the 2020 capital budget of the ministry is for completion of ongoing projects, stressing that the ministry will do better next year in terms of budget performance.

Hon Chika Ossai thanked the Chairman of the Committee, Hon Mathew Opuoru and members for the visit, adding that the visit will bridge the gap between the ministry and the Delta State House of Assembly.