Delta Government and Stallion Auto Keke Limited have reached an agreement to establish a tricycle manufacturing plant in the state.
Dr Kingsley Emu, Chief Economic Adviser to Gov. Ifeanyi Okowa, said this at the exhibition of the new Auto Keke Bajaj tricycle in Asaba on Tuesday.
Emu said that the temporary manufacturing plant would be sited on the Benin Asaba Expressway, Okpanam, Oshimili North Local Government Area of the state.
He said that the partnership was 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 that 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 in 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 six years, over one million jobs have been created within the corresponding period.
