• Friday, April 19, 2024
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WIBP targets infrastructure, capacity growth with $1b dollars investment


 Warri Industrial Business Park (WIBP) project as part of it strategy to deepen investment opportunities in Delta state will in the next seven years invest about $1 billion dollars to improve infrastructure and create job opening for thousands of people in the state.

Helen Emore, Project Director, Warri Industrial Business Park (WIBP) said this at the recent Nigeria-South Africa Chamber of Commerce (N-SACC) breakfast meeting held in Lagos.

Emore, said the project was conceived by the Delta State Government in partnership with Arco Petrochemicals and Engineering Limited, as part of the administration’s strategy to implement its infrastructure and economic development agenda.

The park when completed is expected to provide the ideal business environment for stakeholders in the industrial and commercial sectors while providing excellent high-end residential dwellings.

According to her, “Warri Investment Business Park presents an opportunity for sectors in real estate, infrastructure, construction and manufacturing.”

“If we must create jobs, there must be a platform for jobs to be created and it is in manufacturing, retail, logistics and in transportation. This project presents that kind of opportunity for investment”. She said.

Emore also highlighted the impact of the project to the economy.

“we expect that it should create up to 50 thousand jobs, when you look at the size of our park, we have done an extensive study and we anticipate that upon completion, we should have well over 60 thousand people working in that park and living in that park, that is the immediate impact”.

In her words, “When you add the impact on the ecosystem of Warri and Delta State, we will be looking at creating about one hundred (100) thousand fresh jobs within the next seven years in the state.”

She added that the park will further enhance the country’s image, stating, “There is a global misunderstanding of what Nigeria is all about, the world does not understand us and the only way we can change that story is to present to the world specific projects and opportunity and that is what WIBP is all about. It now behooves on us as Nigerians to educate the world on what Nigeria is about, what the opportunities are, how we are going to emerge as a nation, and how we are going to accommodate businesses as a nation.”