• August 1, 2021

#Support: FG to Revive Collapsed Industries In Kano – Minister


(AGENDAWATCHDOG) – Mr Otunba Adeniyi, the Minister of Industry, Trade and Investment, says the Federal Government has initiated a process to revive the collapsed industries in Kano State.

The Minister disclosed this when he paid a courtesy visit to the Emir of Kano, Alhaji Aminu Bayero, on Tuesday in Kano.

Adeniyi, represented by the Director of Planning in the ministry, Tijjani Babura, said that he led a Federal Government’s inspection team to assess the affected industries and outline ways to support them.

According to him, the government plans to revive moribund industries and those running skeletal services despite economic challenges.

“We are in Kano to inspect and assess industries that collapsed for many years, and also those working but need support to boost their productions.

“After the inspection, we are going to report our findings so that we can see how and where to intervene,” he said.

Adeniyi noted that the Federal Government had adopted proactive measures to fine-tune modalities towards addressing the challenges of moribund industries in the country.

He maintained that industrial revival was critical to creating job opportunities for the youth in the country.

“The purpose of our visit is to assess the level of industrial collapse, as well as measures needed to be implored in attracting investors to boost the nation’s economy.

“The report of the assessment team will be presented to the House of Representatives Committee on Commerce for further actions,” he said.

According to him, the Federal Government has signed arrangements with Siemens on power to boost power supply in the country.

In his response, Bayero described the visit as timely in view of the strategic place of Kano as a commercial hub in sub-Saharan Africa.

Bayero charged the team to fast track its work to accelerate the revival of moribund industries in the country.

Also speaking, Dalhatu Abubakar, President, Kano Chamber of Commerce, Mines and Industry (KACIMMA), lauded the Federal Government for the implementation of sound programmes designed to attract foreign direct investment and boost the economy.

Source: nnn

POTENTIAL IMPACT: The plan by the Federal Government to help revive moribund industries in Kano State will produce multiple merits, ranging from the creation of job opportunities for the country’s teeming youth population, attraction of foreign direct investment and acceleration of national economic growth.


Agenda Watchdog

Read Previous

#Football: Ronald Koeman Is Officially Barcelona’s New Coach

Read Next

#Commerce: Cross River State Inaugurates Enabling Business Environment Council