Deekay Group Inaugurates Factory in Ogun State

By September 28, 2019 Investment News

The Ogun State Governor, Prince (Dr.) Dapo Abiodun, represented by Mrs. Ibiyemi Adesoye commissioned the newly built carton producing factory, while inaugurating factory he said:

“We are indeed very pleased to have you plant your factory in Ogun State; it shows we are doing certain things right, which has attracted you to our state”.

He assured investors all the necessary support they require for smooth operation in the state will be given. Jaro Industries factory which was opened over the weekend for business in Ogun State is sitting on a 28 Acre of land in OPIC’s New Makun Industrial City of Ogun State along Lagos-Ibadan Express road.

Managing Director of Deekay Group, Mr. Kavine Vaswani said: the company will be employing about 250 direct staff and 350 indirect staff. He said the employment level will likely increase to about 800 when the efficiency rate of the company builds up.

Kavine said “the completion of this project is to further demonstrate the Group’s commitment and belief in the Nigerian economy.

I must say, there is a lot of potential for economic growth in Ogun State and that is why we have decided to take this bold initiative by citing the factory in this state, with the help of special partners”

Also speaking, Director-General of Manufacturers Association of Nigeria, MAN, Segun Ajayi-Kadir said all nations that want to sustain their economy must pay attention to manufacturing as it is the only sustainable way to banish poverty.

While commending Deekay for building the factory in just 9 months, which will contribute to the creation of jobs, Ajayi-Kadir said the factory will also increase the manufacturing sector’s contribution to GDP.

He called on the government to partner with the private sector to grow the economy as the government is not good in business, stating that the responsibility of government is to provide the right environment for business.

The MAN director also told the government to rescind its decision on the recent increase on VAT. He described VAT as a tax that punishes the poor.

He criticized the decision for the VAT increase that it was designed to empower the states to pay the minimum wage. “You cannot give something with right hand and take it with left hand and that is what the increase in VAT means”, he said.

Source: Oguninvest