By Nosa Akenzua, Asaba
Delta Government and Stallion Auto Keke Limited on Tuesday reached an agreement to establish tricycle manufacturing plant in the state.
Chief Economic Adviser to the Governor, Dr Kingsley Emu disclosed this at the exhibition of the new Auto Keke Bajaj tricycle at the Cenotaph, Asaba.
He said the temporary manufacturing plant will be sited along the Benin Asaba Expressway, Okpanam, Oshimili North Local Government Area of the State.
Dr. Emu said 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.
“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 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.
