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Published On: Fri, Nov 10th, 2017

Delta govt, S/African coys in investment talks

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From Osakhare Erese, Asab

As part of efforts aimed at reviving some of the moribund industries in the state, the Delta State Government has opened discussion with some South African based companies for possible partnership investment at the African Timber and Plywood Company (AT&P), Sapele, others.
This was made known yesterday during a guided facility visit at the company by a team of three South Africa-based multi-national companied; Transnet, LNG/CNG Holdings and Investment Development Cooperation (IDC) who are already indicating interest to invest in the company (AT&P).
Meanwhile, it would be recalled that the South African based companies led by the South African Ambassador to Nigeria, Mr. Lulu Louis A.
Mnguni, had, recently signed a memorandum of understanding (MoU) with the Delta State Government for the establishment of gas plant in the state.
The foreign investors who were in Delta State, were conducted round some of the potential investment facilities which, among others included; the Koko Port, African Timber and Plywood (AT&P) Sapele, SEPLAT Base Station, Sapele, Rain Oil Facilities Limited, Warri Boat Yard and the Nigerian Ports Authority (NPA), Warri by the leadership of the Delta State Investment Development Agency (DIDA) alongside the Executive Assistant to the Governor on investment and promotions, Mr. Paul Nma. Speaking specifically at the ATP, the Senior Operations Manager of the Company, Mr. Edward Ovuasa who was on ground to receive the visitors, said that the Delta State Government in its quest to revive the company, is ready to partner with any viable and interested investor in that direction.
Ovuasa while saying that the company which was reputed as one of the best World export based companies for the supply of wooden materials to countries such as Britain, Germany and the rest, but now temporarily moribund, would be the delight of any interested viable investor given its comparative advantage of huge land space and river for easy export purposes. He said, “this is an export based company.
All over the world, AT&P used to supply wooden materials to Britain, Germany and the likes. “Right now, you can see that the place is a bit down in terms of production.
Therefore, we (The State Government) are looking for investors who can partner with us to revive this company. “Any investor who wished to invest in this company has a lot of advantages to enjoy; we are blessed with huge land space that can accommodate over four different companies.
“Again, in the area of export, the investor will have huge advantage because the river here can take your product to any part of the world.
That, indeed is huge advantage because the investor does not need to begin to construct new jetty; we have the jetty; all you need to do is just to renew the license” Ovuasa stated.
Meanwhile, the Chief Commercial Officer, Truecaller, Mr. Ted Nelson, said that the company out of the 150million phone subscribers in Nigeria, 6.2million had subscribed to Truecaller.
Nelson disclosed this on the sideline of the launch of its Developer programme in a press statement he signed, a copy made available to our reporter.
According to him, in Africa, we have 50million registered users and this is about 20 percent of total global Truecaller users.
He said the market was growing and that the company would leverage on smartphone penetration increase to become stronger.
He said this was to engage technology developers was the objective of the company in kicking off the African tour, which started in Nigeria in partnership with CcHUB, Africa’s leading social innovation center.
He said that the Truecaller app, allows people to see who was calling and filter out spam calls and SMS.

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