Thursday, July 9, 2020

Okowa's Investment Development Drive Has Employed 2000 Youths In Delta- DIDA Boss

....As Mr. Paul Nmah lists his Agency's Achievements since he Assumed Office As Chairman.

....Delta DIDA Boss Says over Fifty Billion of Direct foreign investments were attracted to the state by the Agency.

By Victor Bieni

ASABA-The Chairman, Delta State Investment Development Agency (DIDA), and Executive Assistant (EA) to Governor Ifeanyi Okowa on Investment Matters, Mr. Paul Nmah today said that Delta State Governor, Sen. Dr. Ifeanyi Okowa investment development drive has yielded positive results as over two thousand Youths has benefitted in terms of employment generation and attraction of over fifty Billion of direct foreign investment to the state.
Mr Paul Nmah, a World -class Estate and Investment expert disclosed this to some group of Journalists in Asaba, Delta State capital vat the Agency’s office then lists achievements in office since he assumed office as Chairman of the DIDA Agency.

In his words: "One of the greatest attractions was the $20 million Umutu Gas Plant at Ukwuani Local Government Area of Delta State".

“Since I came onboard, we have attracted many investments to the state; and as we speak today, many of them are near completion, some are completed and others are waiting to be inaugurated.
“One of such projects that is waiting to be inaugurated is the Umutu Gas Plant; we were able to attract a foreign investor into that project where they signed GSPA with Platform Petroleum to erect a gas plant for the purpose of transporting compressed gas to industries in Delta State which we were lacking even with the high gas deposit in the state".

“The closest place to get compressed natural gas deport was Edo or Enugu States; that gave rise to high cost of gas in Delta than these places".

“The Umutu Gas Plant has solved that problem because, the project has been completed and it has started processing gas and feeding a lot of companies in Delta with gas at a lower cost".

“That project cost $20 million; it is completed and its inauguration was held up because of COVID-19 pandemic".

Speaking further he stated that over 600 Deltans have been employed, working and earning a living and many more were engaged at different levels of the construction stage of the project.

Mr Nmah noted that the inspection visit last week to the plant, that the Agency is working out plan with Keke riders in Delta to make them use Compressed Natural Gas as fuel which is cheaper compared to the PMS they are using.

Also that the Initiative is another huge investment to the state as the Agency has planned to set up gas fuel station where the Keke can refill their gas.

Delta investment Boss said further that his Agency is discussing with Tanker Drivers in Warri to also key into this project which will also reduce the cost on fuel.

He added that other key ongoing projects attracted by the agency include; Mechanic Village along Asaba-Onitsha express worth N5.6Billion, Warri Tanker Park which cost N10billion and others which are near completion.

According to him, currently these projects has created over 2000 direct and indirect jobs for the youths in the state and by the time they all come on-stream, it will have a multiplying chain effects on the economy of Delta State.

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