Skip to main content

Vice President yemi osinbajo lays foundation for N200bn Benin Industrial Park.

"The Vice President,Professor Yemi Osinbajo on Saturday,performed the groundbreaking ceremony of the N200 billion Benin Industrial Park at Iyanomo in Ikpoba Okha Local Government Area of Edo State.Speaking at the event,Prof. Osinbajo said the industrial park will create 170,000 direct and indirect jobs and would contribute significantly to the country's manufacturing sector.He commended the Governor of Edo State,Mr Godwin Obaseki,for the huge public-private investment initiative and said:"This is what the country has been waiting for to take us to the height that we desire.Several other countries have embarked on this line of industry and succeeded.If we put in the same effort as them,we will also excel.”

The Vice President further said, "This strategy has been adopted in some Asian countries and they have achieved economic growth,diversified their economy,and are now exporters of consumer goods.”He expressed optimism that the industrial park would not only lead to job creation but bring down the cost of goods and services in the state and country at large, change the face of the Nigerian economy and unleash its industrial potential.He assured of the federal government’s readiness to support the project and see to its completion.

Earlier,Governor Obaseki said the industrial park at Iyanomo is the first in the series of parks his administration intends to establish in the state to make Edo an Industrial hub.The governor said that the park,which is a public-private partnership initiative was designed by Mahindra Engineering and would conform to 21st Century standard.

"I promised that if I become the governor of Edo State I will create the enabling environment for businesses to thrive and improve the quality of lives of our people. Our goal to industrialise Edo is already yielding results and our hope is to create employment for thousands of people in the state.”He said that the gas that will power the industrial park already exists within the park's location and assured that the park would be built within 12 months.

"The governor commended the Federal Government for its relentless commitment to the industrialisation of Edo,saying that the private sector would contribute about 74 percent share of investments to the industrial park.The event was chaired by the Benin Monarch, Omo N’ Oba N’ Edo Uku Akpolokpolo,Oba Ewuare II.Commissioner for Wealth Creation,Cooperatives and Employment, Emmanuel Usoh,said the development of the industrial park would assist in the formation of industrial clusters that will serve as incubation centres for new businesses.

Popular posts from this blog

Kim kardashian west confirms third baby news.

In a trailer for season 14 of "keeping up with the Kardashian," Kim Kardashian West appears to confirm the rumors from earlier this year that she and husband Kanye West are having a third baby.The 60-second clip, which Kardashian West shared on Twitter, features her speaking with sister Kloe Kardashian and then teasing, "What happens every time I say, 'Guess what?'"Khloe Kardashian,33,says it means someone is having a kid."We're having a baby!" Kardashian West then answers.The reality star and businesswoman,36,did not say how they are having the baby or if they are using a surrogate as other outlets reported earlier this summer.E! News,the network that hosts the family's show, also published the baby announcement.This would be the third child for the Wests, who are already parents to daughter North West and son Saint West.Kim isn't the only Kardashian who has been in the media lately regarding an expected baby. Last week, reports surfa…

Gov Godwin Obaseki signs revised 2017 budget into law.

"Edo State Governor Mr.Godwin Obaseki has signed the 2017 budget revised down to 127 billion naira from its previous 150.6 billion into law.The governor said he feels a sense of accomplishment in signing the revised budget into law because with ten months into the fiscal year,a lot has been achieved in infrastructural development of the state.Explaining reason behind revision of the budget,Governor Obaseki emphasized it was to ensure transparency and credibility while being realistic as a government.“It has been a difficult year especially as revenue has not met expectation but this government is doing everything to provide the best service and fulfill its electioneering promises made to the people of Edo State.“We also created additional ministries such as Ministry of Science and Technology and did not want to vire expenditures from one sub head to another,rather we believed in doing things properly”.Speaking further,Obaseki said the revised budget also become necessary because …

Nigerian virrgin singer, Adokiye says she is ready to auction her virginity or lose it.

Adokiye ngozi kyrian yvonne aka Adokiye often talk about how she was able to keep her virginity till her adulthood and she is determined on remaining a virgin until marriage. Recently, her made global headlines after she offered her virginity to islamic militant sec, boko haram, in return for the over 200 abducted chibok school girls, but in an interview with new telegram, the tombolo crooner says she's ready to auction it. Below is an excerpt from the interview>>
Q; if you get the offer, would you auction you virginity for a million US dollar?
A; my brother, I no fit lie to you, if this economy situation continues, well, I would be left with no choice but to do so.
Q; which Nigerian male celebrity are you crushing on that you'd allow to de flower you and why?
A; I love davido, I think he has a good heart and I 'm guessing a lot of people don't know that he's very nic and soft hearted.
Q; why did you decide to offer your virginity to boko haram in exchange fo…