Germany Company, MBDT, is set to establish a €500 million glass factory and printing firm in Ikale/Ilaje axis.
This development which would turn around the economy of communities in that axis, was made public by a Community Development Advocate and CEO Positive Keys Ltd Company, Mr. Rotimi Elijah Ogunsanmi, at the end of a meeting of the investors, Engr Maurice Baur, CEO of MBDT GmbH and Industrial Mechatronics Engineer (IME) of the Company, Mr. Anthony Dominic, with the Deputy Governor, Hon Lucky Aiyedatiwa in Akure.
According to Ogunsanmi, the glass factory would create more jobs and bring speedy development to the area and the state at large.
He stated that, “To the glory of Almighty God, I brought investors in building €500m (500 Million Euro) glass factory within Ilaje/Ikale community in Ondo State, Nigeria”. The factory will generate jobs and bring speedy development.”
With this unfolding scenario, the economy of the state would record a boost while the State Government’s efforts to end dependence on funds from the monthly federation account and boost to internally generated revenue, would record a plus.
Just recently, Okitipupa Oil Palm, which had been moribund for years, announced a remarkable return to profitability.