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Sokoto Partners with Private Firm to set up new textile factory

Nigeria: The Government of Sokoto (Nigeria) has joined hands with a private firm Hijra Nigeria Ltd. to set up a…

By gta_admin , in International News , at August 30, 2017 Tags: , ,

Nigeria: The Government of Sokoto (Nigeria) has joined hands with a private firm Hijra Nigeria Ltd. to set up a textile factory in Sokoto State. The upcoming textile factory is expected to manufacture 20,000 metric tonnes of finished products and will, in all probabilities, create job opportunities for nearly 2,000 people.

Nigeria: The Government of Sokoto (Nigeria) has joined hands with a private firm Hijra Nigeria Ltd. to set up a textile factory in Sokoto State. The upcoming textile factory is expected to manufacture 20,000 metric tonnes of finished products and will, in all probabilities, create job opportunities for nearly 2,000 people.

Bashir Gidado, who is the Special Adviser to the Governor on Public Private Partnerships (PPP), averred that all the arrangements have been done and the factory will commence soon.

He further informed that the Government will have an equity share of 40 per cent in the factory.

The factory production is expected to start by the end of this year. As per a Nigerian daily, 70 per cent of the work has already been done.

Once operational, the unit is expected to improve the social and economic conditions of the people in the state. Since the majority of the people in the state are cotton farmers, this factory will create a market for all their products.

Gidado added that the experience of working with private investors has so far been very good for the Government and therefore he is optimistic and confident about the new textile factory and the business it will do.

 

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