Agrarian community of Onicha-Ugbo, Aniocha North Local Government Area of Delta State would be hosting the multi-million naira Tingo foods factory.
Tingo Foods a subsidiary of Tingo International Holdings Inc is setting up of its food processing facility in Delta State.
A statement on few days ago by the founder of Tingo International Holdings Dozy Mmobuosi noted that the project which costs 1. 6 billion USD will also save Africa from paying foreign exchange to import finished food products Additionally it will aid the export of made in Africa foods to the world enhance inter Africa trade via the Africa Continental Free Trade Agreement and sell high quality and nutritious food products in Nigeria.
Mmobuosi, an iconic tech guru is making the massive investment as a way of giving back to his birth place, Delta.
The formal foundation laying of the project will take place on February 9 in Ishiekpe village Onicha-Ugbo, Aniocha North local government area of Delta State.
The factory is expected to begin operations in the next 18 to 24 months.
Mmobuosi noted that the facility is the first phase of a multi-billion dollar investment that Tingo International Holdings plans to make in the African food industry.
The company would decongest the labour market with the creation of no fewer than 12,000 direct employments with the setting up of its food processing facility in Delta State.
The host community of Tingo foods, Onicha-Ugbo, is a town located within latitude 6˚18’N and 6˚22’N and longitude 6˚20’E and 6˚26’E in the northern boundary of Aniocha North Local Government Area of Delta State, Nigeria. It is situated on a highland about 40 km from Asaba on the Asaba-Benin Express Road connecting the West to the East of Nigeria. OnichaUgbo is bordered to the East by Issele-Uku and Idumuje-Unor, to the West by Igbodo and Obior, to the North by Idumuje-Ugboko and Ewohinmi and to the South by Ubulu-Uku.