Tuesday, July 23, 2024
HomeNewsSokoto partners firm to establish textile factory

Sokoto partners firm to establish textile factory

By Ado Hassan, Sokoto

In its bid to right track the drive for industrialisation for economic development, Sokoto state government has sealed a proposal to partner with a private firm for the establishment of a textile factory in the state‎.

The development is coming few months after it commissioned a new fertiliser company.
The proposed textile company, to be situated at Kalambaina in Wamakko LGA of the state, will have the capacity to produce 20,000 metric tonnes of finished products and will provide employment opportunity to approximately 2,000 people.
Briefing reporters on the project, the Special Adviser to Governor Aminu Waziri Tambuwal on Public Private Partnerships (PPP), Alhaji Bashir Gidado, said all arrangements have been concluded for the successful take off of the project.
“We are partnering with a company, Hijra Nigeria Ltd, to establish a textile factory in Sokoto. The state government will have a 40 percent equity state in the company and we expect to start production towards the end of 2017.
“As you may be aware, we have abundant raw materials in the state. A large section of our people are cotton farmers so this company will provide a ready market for their products. We are also in touch with others from neighbouring states like Katsina, Kebbi and Zamfara.
“By the time the company is fully on stream, it will provide employment opportunities, create wealth and enhance the socio-economic well-being of the people of the state,” he added.
Gidado said the state government will continue to explore the advantages in PPP arrangement because it has proven to be successful in other climes.
“In May this year, a new organic fertiliser plant was commissioned here in Sokoto. The government stake in that is also 40 percent. We have enjoyed the benefit of working closely with private investors so I am confident this textile initiative will also come on stream as scheduled,” he said.
According to him, work on the project has already reached 70 percent completion, saying the only thing left is to install some components of the machines which are being awaited for delivery from abroad.


Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

sildenafil generic australia on Abandoned IDP Camp Discovered In Kaduna
Yakkon Damaryam on The War against Glaucoma
Shehu Danbaki on IMG-20181125-WA0070
Seth Yamusa on Hon Danjuma Peter Averik
Ibraheem Awowole on MEET OUR PATHFINDER FOR OSUN 2018
Amb. Hoom'Suk. on Sarauniya Beauty Pageant 2017