Tuesday, 21 August 2012

Turkish investors to establish over 1000 industries in Niger Delta


The Ministry of Niger Delta has disclosed that over 1,000 industries were expected to be established by Turkish businessmen in the region before the end of 2013.
This was revealed by Edema Udoh, the industrial development consultant to the Minister of Niger Delta. She said the business enterprises will be located in Akwa Ibom, and the Turkish businesses will partner with the ministry in the venture.
She added that the ministry has signed a Memorandum of Understanding with the country for the establishment of industrial clusters in Niger Delta.
Udoh said that the conglomerate of industries envisaged under the Niger Delta Action Plan would be modeled after the Organized Industrial Region known as ‘OSTIM Project’ in Turkey.


She stated that a site in Mbo Local Government area of Akwa Ibom had been chosen as a pilot location under the OSTIM/MNDA agreement, and the project would be replicated in other states in the region.

The programme is to be executed under Public-Private Partnership (PPP); a development model that will promote industrial clusters with shared manpower, shared resources and facilities.

The Development consultant noted that the project is expected to create new towns and boost economic activities in the Niger Delta. It is also hoped that the nine state governments would co-operate with the Niger Delta Ministry to bring the plan to fruition.

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