Wichtech Inaugurates N1.5 Billion Roof Tile Manufacturing Plant in Asaba

By December 3, 2019 Investment News

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo on Thursday commissioned a modern roof tile manufacturing plant in Asaba, Delta state.

According to a statement issued by the minister’s Special Assistant on Media, Mr Julius Toba-Jegede in Abuja , the plant owned by Wichtech Industries Ltd, is worth about N1.5 billion with a capacity to create over 10,000 direct and indirect jobs for Nigerians.

He said the commissioning is in line with the President’s agenda to fast-track the Nigerian industrial revolution by creating avenues for more Industries.

He expressed hope that the initiative would help develop the building materials industry in the country and position the economy for better competitiveness. According to him, it will also support the growth of Micro, Small and Medium Enterprises (MSMES), in order to create new jobs and opportunities for more Nigerians.

He further explained that the plant will accelerate both domestic as well as foreign direct investment in Nigeria, by creating an enabling environment for more Nigerian businesses to succeed. ” The N1.5 billion investment in Asaba is a glaring example to other businesses and investors that Nigeria is indeed open for business.

“It is gratifying to note that WICHTECH Industries has endured that the high quality roofing tiles that are usually imported will now be manufactured locally in this factory in Nigeria. ” This giant stride is part of this administration’s ‘Made in Nigeria’ policy thrust.

” Wichtech is currently building another factory in Shagamu, Ogun State for the production of electric power cable and wires, all of copper and aluminium for both domestic and industrial uses.

“The company currently has a network of more than 200 partners and agents in the six geopolitical zones of the country. “Witchtech is trying its best to contribute its own quota to the economic well-being of the country,” he said.

Source: Blueprint