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FG Okays N5.1bn for the Establishment of Shoes, Garments, Leather Factories In Kano, Abia

The Federal Executive Council has on Wednesday during FEC meeting chaired by President Muhammadu Buhari approved a memo presented by Minister of Interior, Rauf Aregbesola on the establishment of two shoes, garments and leather processing factories in Janguza, Kano and Aba, Abia under a Public Private Partnership Agreement (PPPA).

Aregbesola stated that the project would be handled by Erojim Investment and its Technical Partners of Nigeria and Poly Technologies of China.

The Minister further stated that the project will create 1,290 Direct Employment and 3,000 Indirect Employment when it become operational.

He explained, “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 1,290 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.”

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