Delta Government and Stallion Auto Keke Limited have reached an agreement to establish a tricycle manufacturing plant in the state.
Under the partnership, the state government provides an incentive and enabling environment while Stallion is providing the state government with a 3% equity stake in the venture.
Dr. Kingsley Emu, Chief Economic Adviser to Governor Ifeanyi Okowa, said this at the exhibition of the new Auto Keke Bajaj tricycle in Asaba.
Emu explained that the temporary manufacturing plant would be sited on the Benin Asaba Expressway, Okpanam, Oshimili North Local Government Area of the State.
He said that the partnership was a humongous project because of Stallion’s reputation as a leading and foremost automobile player and global brand with model automobile showrooms across the country.
He said that the state was leveraging on the company’s successful operations in the past 52 years to replicate their success story in Delta to boost employment generation, wealth creation, skills acquisition and enhance the state’s Internally Generated Revenue (IGR).
“The Auto Keke Tricycle plant shall be consummated under a PPP arrangement with Delta State Government in providing an enabling environment and land to establish the plant.”
