Egbabor’s drive for investment in home council yields results
By Jon Egie
The spirited effort of the Isoko North LGC chairman, Hon Emmanuel Egbabor in encouraging entrepreneurs to locate their investments in the LGA has started yielding results as a manufacturing company, Nefkom Aluminium, has taken space in Ozoro.
During a working visit to the company’s production factory located along Ozoro/Ughelli Express Road, the council chairman marvelled at the size, sophistication of equipment and quality of products rolled out of the factory.
He commended the Chief Executive Officer of the company, Mr Nelson Onowotu, for the initiative after his wide spread appeal to corporate bodies and individuals to come to do business in the area.
He hoped that the take- off of Nekfom Aluminium would encourage more investors to Isoko land and open up the area with attendant employment opportunity for the teaming youths.
“I want to thank Mr Onowotu for consideration to make such a huge investment in our LGA. This will no doubt help to add value to the economy of our people by creating job opportunities as well as improving on our social development.
“This administration will continue to create and sustain an enabling environment for more investment in line with our campaign promises to attract investment to the area.
“Let me use this medium to further call on sons and daughters of Isoko nation as well as other investors to make Isoko North an investment destination choice. As a government we will provide the necessary support to interested investors in the areas of modern abattoirs, modern markets, shopping malls and low cost housing units for our staff”.
Responding, the CEO of Nefkom Aluminium thanked the council boss for the support and encouragement so far.
“I want to thank you for your doggedness to bringing Isoko sons and daughters to come home to invest in our land. Your call through the media that you need investors in the area with a guarantee of security is the result of what you see today. I must commend your effort towards peace and security as well as your genuine intention to develop the area.
“Within the period we have been here, we can see clearly your handiwork in the area especially in the aspect of road rehabilitation, free medical services, environmental sanitation and skill acquisition for the youths. One is surprised to see all of this at a time when many local councils cannot pay salaries. It is a sign that if you were here as chairman some years ago when there was sufficient fund, you would have done more”.
Mr Onowotu assured the council boss that with the needed support “we are ready to partner in the housing units in the LGA and we can also assure of quality and speedy completion of the project.”
Meanwhile, the council chairman has signed a MoU with Nefkom, a few days after the visit, to construct 50 housing units for the staff of the council.
During the signing of the MoU at the conference hall of the council secretariat witnessed by management staff of the council, members of NULGE, Hon Egbabor explained that while the council provided the land and other logistic support, the partnering company, Nefkm, would provide the funds for the project.
The project according to him comprises of 30 units of 2-bedroom and 20 units of 3-bedroom apartments which are expected to be completed in the next six months.
Beneficiaries of the project are expected to make a down payment of 20 percent of the cost of the housing unit with the remaining balance spread on monthly repayment schedule within a period of five years.