Tuesday, January 19, 2021
Home News Politics FG To Establish N5.1bn Shoes, Garments, Leather Factories In These 2 States

FG To Establish N5.1bn Shoes, Garments, Leather Factories In These 2 States

FG to establish N5.1bn shoes, garments, leather factories in Kano, Abia

Rauf Aregbesola, Minister of Interior revealed that the Federal Executive Council has approved the establishment of two shoes, garments and leather processing factories in Janguza, Kano State and Aba in Abia State under a Private Public Partnership arrangement.

Aregbesola told State House reporters after the FEC meeting chaired by President Muhammadu Buhari that the project would be handled by a Nigerian company with the support of a partner from China.

He said the project would provide about 4,330 direct and indirect job opportunities apart from N5.1bn worth of investment.

ALSO READ:

The Full statement…

“The council approved the Full Business Skills Compliance Certificate issued by Infrastructure Concession Regulatory Commission, Abuja, for the design, finance, upgrade, operate, and transfer of the Nigeria Correctional Service Shoe, Garment, and Leather Processing Factory located in Aba, Abia State as well as Janguza, Kano State under a Public-Private Partnership.

“This full business skills certificate and the investment that will come therefrom amount to 5 billion, 100 million naira. Invariably, when the partnership comes into effect, the benefit is enormous. About 1,330 people will have direct employment, while about 3,000 people will have indirect employment.

“The benefit beside the employment of Nigerians is the opportunity for training of the inmates of our correctional facilities in Janguza, Kano State and Aba in Abia State. The contract for full business skills compliance certificate is given to Messrs LG Investment Limited, a Nigerian company which is partnering with a Chinese company, Full Technology Incorporated from Beijing, China”, he explained.”

The Minister of Industry, Trade, and Investment, Adeniyi Adebayo, said the council approved the contract for the procurement and installation of automotive/mechatronics equipment in special centres in six geopolitical zones, as well as three pilot workshops and automotive service hubs for the National Automative Design and Development Council at N1.8bn.


Join our Telegram Channel=>https://t.me/freshreporters

Like our Facebook Page=> https://facebook.com/freshreporters

Join our WhatsApp Group=> https://bit.ly/3bQqlNF

Follow Us on Twitter=>https://twitter.com/freshreporters

Join Our FACEBOOK GROUP=> https://bit.ly/3ilsqm1

Follow Us on Instagram=>https://instagram.com/freshreporters

Subscribe to our YouTube Channel=> https://bit.ly/3bLfnJj



DISCLAIMER
For publication of your news content, articles, videos or any other news worthy materials, please send a mail to thefreshrepo [email protected]

For Advert and other info, you can send a WhatsApp Message to +2347050565443


Join thousands of readers to receive daily Latest News:

telegram iconJoin our Telegram Group

facebook iconLike our Facebook Page

whatsapp iconJoin our WhatsApp Group

twitter iconFollow Us on Twitter

facebook iconJoin Our FACEBOOK GROUP

instagram iconFollow Us on Instagram

youtube iconSubscribe to our YouTube Channel

Most Viewed news