Connect with us

FEATURED

Delta Invests Over ₦3bn in Wires Industries as Oborevwori Performs Groundbreaking at Kwale Free Trade Zone

Published

on

The Delta State Government has invested over ₦3 billion in Delta Wires Industries, the first company to take off within the Kwale Free Trade Zone (KFTZ), Kwale, Ndokwa West Local Government Area.

Governor Sheriff Oborevwori made the disclosure on Tuesday, while performing a groundbreaking of what can be termed a major leap in the state’s journey toward industrial transformation.

The KFTZ is a flagship component of the Delta Special Economic Zone Project.

Performing the groundbreaking, Governor Oborevwori described the projects as “a promise made, and a promise kept,” saying that the project would unleash unprecedented economic growth, attract global and local investors, and create thousands of direct and indirect jobs, thus positioning Kwale as a strategic hub for energy, petrochemicals, agro-processing, logistics, and manufacturing.

He said: “Today’s groundbreaking is not just another project launch. It is the fulfillment of our commitment to diversify Delta’s economy, expand our industrial base, and lay the foundation for generational prosperity. We are building a Delta where innovation, technology, and industry will thrive”.

Highlighting the state’s comparative advantage, Oborevwori said Kwale’s abundant gas resources and central location make it a natural magnet for investors seeking cost-effective and energy-efficient industrial operations.

He revealed that eight companies had already indicated firm interest in operating from the zone, with two fully licensed, three approved for licenses, and three others in the final stages of regulatory processing.

Advertisement

“Delta State has invested over ₦3 billion in Delta Wires Industries, the first company to take off within this zone. The company will manufacture conductors, cables, and gas cylinders for both LPG and CNG markets. This is how we intend to use our natural gas resources to power industrial growth and create jobs for our people,” he said.

The governor reaffirmed his administration’s readiness to provide infrastructure, regulatory support, and peace for investors to thrive, warning that government property already compensated for would not be allowed to be encroached.

He said: “We have acquired 1,000 hectares of land, and full compensation has been paid. Anyone attempting to encroach on government property will be stopped. This project belongs to all Deltans, it is our collective future.”

The Deputy Governor, Sir Monday Onyeme, in his remarks as Chief Host, described the Kwale Free Trade Zone as the economic rebirth Ndokwa land had long awaited.

“This project is a blessing,” Onyeme said. “One company alone has promised to create 10,000 jobs. Imagine what will happen when 20 or 30 companies are fully operational here. The issue of unemployment in Ndokwa will soon be history.”

He noted that the industrial park would also help solve long-standing infrastructure gaps, particularly electricity supply, as some investors had pledged to generate power for both industrial and community use.

Advertisement

Former Governor of the State, Senator Ifeanyi Okowa, who chaired the occasion, praised his successor for demonstrating continuity and leadership.

Okowa said: “I am proud to be here. Governor Oborevwori has continued where we stopped, and that is how great leaders build lasting progress. People may not fully understand what has been done today, but in five to ten years, this area will be transformed into a vibrant industrial city.”

He urged host communities to safeguard the project and even consider donating additional land for expansion, saying; “with the level of investment and available gas here, 1,000 hectares will not be enough. This is the beginning of a revolution in our state’s economic structure.”

Chairman of the Delta Special Economic Zone Management Company, Brig. Gen. Mike Ndubisi (rtd), described the groundbreaking as “a milestone for Delta’s industrial evolution.”

“This project will generate thousands of jobs and foster innovation. What was once doubted is now a reality. We are not just building factories — we are building a brighter future for Deltans,” he said.

Pastor Godwin Akpovie, the Managing Director of the Delta Special Economic Zone, revealed that over $100 million worth of investments have already been committed to the Kwale and Koko clusters of the project.

Advertisement

“We are partnering with the Nigerian Ports Authority and the African Development Bank to link Koko Port to Kwale through a new industrial corridor,” Akpovie revealed.

Chairman of Ndokwa West Local Government Council, Chief Obi Nzete, reaffirmed the council’s commitment to securing and protecting all investments within the zone, describing the initiative as a landmark step towards industrial growth and economic transformation in Delta State.

The ceremony also featured goodwill messages from the Nigerian Export Processing Zones Authority (NEPZA) and major investors, including Xenergri Limited, Eastern Delta Wires Industries Ltd, Africa Gas Access, Chorus Energy, and Masters Chemicals & Fertilizer Company, all of which pledged commitment to fast-tracking operations.

From conception under Okowa to fulfillment under Oborevwori, the Kwale Free Trade Zone has emerged as a beacon of Delta’s economic renaissance, a testament to continuity, vision, and the dawn of a new industrial revolution in Nigeria’s oil-rich South-South.

Continue Reading
Advertisement
Click to comment
Drone Strike
FEATURED21 hours ago

Amid Report of Killing of ‘Army General’, DHQ Narrates How Troops Repelled Terrorist Attack in Benisheikh

FEATURED21 hours ago

FG Inaugurates Technical Committee to Review $200bn Proposed Integrated Gas, Powwr and Rail Projects

FEATURED22 hours ago

N5,000 Note Featuring President Tinubu’s Image Fake – CBN

BUSINESS23 hours ago

Delta Highlights Maritime Potential to Attract Investors at Abuja Blue Economy Summit

FEATURED1 day ago

EFCC Busts Yahoo Academy in Abuja, Nabs 31 Suspects

FEATURED1 day ago

Alleged N3.6Bn Fraud: EFCC Appeals Acquittal of Former NDDC Director, Omatsuli, Three Others

FEATURED2 days ago

‘We Run Decentralized Pipeline Security Operations’, Says Tantita’s MD Pondi

NEWS2 days ago

Pipeline Security Has Boosted Oil Production, Says NNPCL GCEO Ojulari

FEATURED2 days ago

Delta Police Foil Robbery in Agbor, Arrest Suspect, Recover Battle Axe, Firearm

FEATURED2 days ago

A’Court Upholds Conviction of Philemon Ibrahim Gora for Alleged N11bn Fraud Linked to Ponzi Scheme

FEATURED2 days ago

Football Agent in EFCC Net for Alleged N11m Fraud

BUSINESS2 days ago

Delta Moves to Build Its Own Grid as Oborevwori Seeks Partnernership With Energy Experts

Helicopter crash
BUSINESS2 days ago

NNPCL Launches Cawthorne Crude onto Global Market, Exports First Cargo to Netherlands

FEATURED2 days ago

Itsekiri Coalition Back Tantita, PINL, Call for Centralized Pipeline Security, Oppose Decentralization

OPINION3 days ago

BRUNO ANAMOSA: WHY NED NWOKO DESERVES A FAIR ASSESSMENT BY ANIOMA PEOPLE, BY CHIDI CHUKWUTEM

Advertisement
Advertisement

z