The fertilizer plant which would be completed and ready for commissioning within 30 months is to be established by Heirs Holding Company Limited/Tony Elumelu Foundation (T.E.F), Lagos.
The Chairman and Managing Director of the Company, Mr. Tony Elumelu who disclosed this on Monday during a public seminar organized by the state government in commemoration of Democracy Day in the state, also said that plans have been concluded by the company / group for the establishment of hospital with state of the art equipment in the state, a business school, independent power plant as well as the establishment of two branches of Transcorp Hilton Hotels, one in Asaba and the other in Warri.
Elumelu who was the chairman of the one day seminar, revealed that the company decided to extend its business frontiers to Delta State because of the present prevailing peace and security in the state, just as he called on investors both foreign and local to take advantage of the prevailing peace and security in the state as well as the business potentials to invest in Delta.
He said, “We need to engage our people in the economic transformation of the state. One of the major reasons why crime rate is still high is because there is no economic hope for the people”.
Describing Delta State as a capitalist state, the former bank executive commended the state government for the giant strides it has recorded in its micro credit programme even as he hailed the state government’s initiative in the establishment of Asaba International Airport stressing that the airport has the potentialities of transforming the socio- economic profile of the state.
While saying that fund does not constitute the major plank in business transactions, the business mogul outlined four major pillars towards capitalism in the state “Deltans for Deltans, long term investment plan, the impact we create when we make money and creating the right business environment.
He therefore urged the state government to create and sustain the right environment for business to thrive, adding that given the unique position of the state and the rich natural endowment, Delta State should be investors’ haven.
The State Governor, Dr. Emmanuel Uduaghan in his address of welcome, assured investors both foreign and local of their security in the state maintaining that the present administration is committed to its peace and security agenda.
The seminar with the theme, “Micro, Small and Medium Enterprises as driver for achieving the goal of Delta Beyond Oil”, was attended by captains of industry, traditional rulers, heads of banking institution, civil servants, students among others.