President Muhammadu Buhari has commissioned the Ondo-Linyi industrial hub. At a ceremony in the premises of the hub, the President congratulated the Government and people of Ondo State on the remarkable achievement.
”I am impressed with what is on ground here and anticipate on the positive impact this will have on the people of this State in the area of job creation and economic development, ” he said. The Nigerian leader also commended the Chinese investors who saw Nigeria and Ondo State in particular as a viable investment destination.
”I want to assure you of our continued support, both at the Federal and State level, as we move forward to the next phase of this project’s lifecycle. ”May I also thank our traditional rulers and host community for their tolerance, understanding and support. ”I ask you all to sustain this cooperation and collaborative effort to ensure this investment expands and succeeds, ” he said.
At the industrial hub, the Ondo Governor announced that thousands of youth are directly employed in the industrial hub which already has several factories including a medium density fibre (MDF) factory, cassava to ethanol factory, high density Fibreboard and plywood production line and a paper production factory. ”The employment ratio of Nigerians to expatriates here is in the range of 40:1 in favour of Nigerians.
”Our farmers benefit directly from the supply of raw materials, and the multiplier effects have stimulated logistics, hospitality, construction, banking and other service sectors of our economy in Ondo State and Nigeria in general,” he said.
Governor Akeredolu announced that in the near future a high volume vehicle assembly and production plant, wine distillery, dairy factory, a clothing production company and a metal production company would be established in the industrial hub.
The Ondo-Linyi Industrial Hub has Automobile Assembly Plant, Paper Mill Factory, Textile Company, largest Cassava to Ethanol Factory in Nigeria, as well as the country’s first MDF Factory that produces high-density fibre and marine boards.
The Manager of the Ondo State Industrial Hub, Mr Alex Ajipe, said that about 20,000 direct and indirect jobs would be generated when the hub begins to operate at full capacity.
The industrial hub, which is known as the Ondo-Linyi Industrial Hub, came into being as a result of the Memorandum of Understanding (MoU) between Linyi City in the Shanghai Province in China and the Ondo State Government.
He said that nearly 15 different companies were already sited in the hub for operations, which include wood processing, textiles, exploration and agriculture. We have a textile mill which is producing sewing thread, polyester embroidery and it will soon start to produce fabrics, lace and ankara.
There is a wood mill producing plywood and an agro-allied chemical company which is 60 per cent completed. Also, there is a cassava ethanol plant which is only waiting to be connected with electricity for operation. This will require one million tons of cassava every year and it means more money for cassava farmers. The company is ready to assist those cassava farmers in getting multiple harvests,’’ he said.
Ajipe said that before the end of 2019, an automobile assembly would arrive at the hub for assembling different forms of vehicles. “We are expecting an automobile assembly to arrive in some months, to assemble different vehicles here in this industrial hub,’’ he noted.
Ajipe also noted that the hub will have a training Centre, to be called the African College of Agriculture Vocational and Technical Studies, where interested people could acquire needed manpower technology.