The present administration, under Capt Idris Wada, says it is ready to accommodate genuine investors whose concern is the socio – economic development of the State.
Kogi State Governor, Capt Idris Wada, stated this when he received IKCO, an Iranian based investor, who are in the State to establish a car manufacturing company.
The State Governor who was represented by his Deputy, Yomi Awoniyi, commended IKCO for finding Kogi State as a friendly investment destination, said the prospect of the State attracting foreign in flow and employment opportunities for about 4,000 for its youths when the automobile plant is established was a welcome development.
The State Governor assured the investor that they will find the State very receptive for their business, promised to make available assets such as; land, waivers and facilitate licenses that will be required by the quick take off of the business.
Capt Wada urged for a speedy submission of a business proposal, disclosed that the State will be ready to engage in a public private partnership as well as look out for other private equity investors from the State to enable the early take of the automobile plant.
Earlier in his remarks, Kabiru Ali, Group Managing Director, Qualitrend Group, Dubai, United Arab Emirate, said they were in the State to tap into the rich abundant potentials the state is blessed with, describing the State as strategically located.
In a presentation, Ali Elmi, Deputy President Export and International Affairs, described IKCO as one of the biggest company in the middle east, said they are in the State to establish a car manufacturing plant that has the capacity to produce 60,000 units of cars yearly, and can employ teeming unemployed youths in the State.