• About Us
  • Advertise
The Hope Newspaper
Advertisement
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports
No Result
View All Result
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports
No Result
View All Result
The Hope Newspaper
No Result
View All Result
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports
Home News

Industrialization: The trees Akeredolu is planting

by The Hope
31st October 2018
in News
0

By Adetokunbo Abiola
|
Recently, the Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, received a preliminary report on the proposed deep seaport in the Southern  Senatorial District from Maritime Transport Business Solutions, (MTBS).

During the occasion, the governor proposed a detailed documentary on the efforts made so far on the deep seaport, to convince Nigerians on why the project is inevitable in the state.

“This project is going to be like a tree we are going to plant. We may not benefit from the shade it is going to provide, but the next generation would benefit from it. And that is the way to grow an economy,” the governor stated.

Indeed, the governor has many trees he is planting in the industrial sector, and if they turn out to benefit the state, hundreds of thousands of unemployed youths will be absorbed in the industrial sector.

The Guangdong Free Trade Zone in Ondo State could be one of them, with 25 companies to be registered to commerce operations in the initiative, each of them to employ at least 500 people.

The state government will be partnering a team of expatriates and management of ZGM Investment Group of Companies for the exercise.

The proposed industrial site will be located at Ugbo Nla in Ilaje Local Government Area, and it could have the capacity for refineries, glass production, construction materials,  hardware processing, printing, steel pipe, ceramic and battery manufacturing companies.

The state will be exploiting the fact that it has the deepest and longest coastline in the West African sub region, with 90 percent of its natural resources yet exploited.

Another initiative could be the successful operation of the Ore Industrial Hub, which seems to be picking up.

Already, the ODSG/Wewood Afforestation Project has had Gmelina arborea planted on 1,500 of the 10,000 hectares, which is a very commendable development.

During a visit to Linyi City in China, the governor was able to woo Chinese investors with reasonable incentives to get them to invest in Ore.

So far, four out of the seven companies have established a paper mill and an  MDF plant.

The investors, who are under the Shandong Group, moved their sophisticated equipment into Ore Industrial Hub for the exercise.

According to government reports, the paper mill will employ well over 5,000 people, as its mdf production line of about 33,000 tonnes per day is the first of its kind in the country.

Earlier this month, government announced that no fewer than five new companies are ready to begin operations at the Ore Industrial Hub.

During the commissioning of a five-star hotel in Oba-Ile recently, the governor vowed not to rest on his oar to transform Ondo from a civil service to an industrial hub.

The governor then said new industries expected in the state include the N42 billion Egg Powder Plant, under a Public Private Partnership (PPP) between the state government and Greenfield Asset Limited at Emure-Ile.

It could  provide 25,000 new jobs, a foreign exchange earnings of $1billion, in addition to increased income for poultry farmers in the country.

Another project is the N45 billion Housing estate at Abo-Asakin in Akure North Local Government Area.

Government has also reworked a Memorandum of Understanding between it and the African Redcrest Nigeria Limited for the establishment of a mass rice production facility at a project value of N12 billion.

The Ondo State government holds a 20 percent equity state in the project, for contributing 500 hectares of land beside Owena Dam area, while Redcrest owns 80 percent of equity share.

The Akeredolu administration hopes that in the near future youths in the state will harvest a lot from the ethanol plant initiated by the Nigeria National Petroleum Company (NNPC) at Okeluse in Ose Local Government Area of the state.

According to the Special Adviser to the state government on Development and Investment, Mr Boye Oyewumi, the project would involve NNPC, the state government, Obax Worldwide and Complant, a Chinese Company.

According to NNPC, the Okeluse initiative is worth $175 million and could employ over one million Nigerians in both direct and indirect jobs on its completion.

In time, it could prove one of the most significant and engaging ways of utilizing the cassava production of farmers in this part of the country.

Needless to say, the deep seaport could end up being the intimate legacy of this administration, if it is capable of pulling off a feat that has challenged previous governments in the state.

45 consultants are currently on the field, working on the project, with MTBS on a 10- week design feasibility study, before talks about implementation can begin.

An industrial estate, according to reports, will be part of the package, which would take about twenty years to build.

With a seaport at the Erunna-Ogboti-Ugbo axis, the congestion problem at the Lagos Sea-port would be solved.

Cynics may say these projects are still on paper, but the administration can point to the Wewood project as evidence of its seriousness, since the project partners are recording some success.

Still, the administration has shown tremendous energy in its industralisation drive, and  if it turns out to be successful, future generations will remember the present governor for planting the farms that enable them to survive.

Share1TweetSendShareSend
Previous Post

Alasoadura donates  Research Centre to FUTA

Next Post

Ondo MoUs: The what, who and why

Next Post

Ondo MoUs: The what, who and why

Welder jailed six months  for stealing phone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

INEC postpones Governorship, Assembly elections

8th March 2023

Polls: Security agent kills Oluomo

26th February 2023

NSCDC boss charges officers on professionalism

2nd March 2023

FG to implement new visa policy with USA March 1

24th February 2023

ODSG inaugurates 2023 Census Publicity & Advocacy Committee

22nd March 2023

Why Nigeria census always controversial –Experts

22nd March 2023

Bizzare: Grandma sets ablaze son, daughter-in-law, grandchildren in Akure community

22nd March 2023

Assembly poll: Outcome affirms our acceptance – Akeredolu

22nd March 2023

Recent News

How weather forecast can reduce losses in agricultural practices

21st March 2023
3

Can you do vasectomy surgical birth control?

16th March 2023
8

Deaths through generators’ fumes too many

16th March 2023
5

Why women stay in abusive marriages

16th March 2023
18
The Hope Newspaper

Owena Press Limited, the publisher of The Hope Newspaper, is an Ondo State-based media organization with a vision to strengthen Nigeria’s democracy.

Follow Us

Browse by Category

  • Agric Tips
  • Agriculture
  • Aribigbola's Lines
  • Book review
  • Business
  • Business Tutor
  • Celebrity
  • Devotion
  • Editorial
  • Education
  • Entertainment
  • Fashion
  • Featured
  • Features
  • Feminine line
  • Finance
  • Financial news
  • For The Record
  • From The Court
  • General
  • Health
  • Health Benefits
  • Hope Classic
  • Hope Metro
  • In Our Neigbourhood
  • Interview
  • Legal Sense
  • Lifestyle
  • Main Bowl
  • Marketing
  • Medi Herb
  • Midweek Discourse
  • News
  • Peoples' Parliament
  • Politics
  • Reflections
  • Religion
  • Sports
  • Supplements
  • Think Along With Me
  • Viewpoint
  • Young World

Recent News

ODSG inaugurates 2023 Census Publicity & Advocacy Committee

22nd March 2023

Why Nigeria census always controversial –Experts

22nd March 2023

Bizzare: Grandma sets ablaze son, daughter-in-law, grandchildren in Akure community

22nd March 2023

Assembly poll: Outcome affirms our acceptance – Akeredolu

22nd March 2023
  • About Us
  • Advertise

© 2023 The Hope Newspaper

No Result
View All Result
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports

© 2023 The Hope Newspaper