Kaduna State Govt. moves to revive moribund firms through Public-Private Partnership

Posted by Garba Ahmad, Kaduna | 25 April 2013 | 4,020 times

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Kaduna State Government has commenced plans to revive moribund companies owned by it through the Public-Private Partnership Scheme.

Governor Mukhtar Ramalan Yero made the disclosure yesterday at a meeting with Youth Leaders of Zone 1 as part of a two-day Security and Peace Building Forum held in Zaria.

The governor said that past attempts to privatise State owned companies like the Ikara Tomatoes Company, Ginger Processing Company in Kachia, Zaria Pharmaceuticals Company and the Sugar Company in Makarfi proved abortive because the factories are not in operation.

He said the state government favours the option of partnership with private companies or individuals to revive the companies in order to maintain some level of control and to ensure optimum utilisation, which will lead to job creation for the teaming unemployed youths in the state.

Alhaji Yero therefore called on private investors that are interested in the companies to come forward and negotiate terms with the state government in order to jointly own and revive operations of the companies.

He said his administration is already in talks with a private company that has expressed readiness to build a tomato processing factory in the state, with a view of working out modalities towards reviving the Ikara Tomatoes Company.

A statement signed by Ahmed Maiyaki, Director General, Media & Publicity to Governor Yero, explained that the Security and Peace Building Forum was held “in furtherance of efforts by the Yero administration to provide platform for dialogue towards building genuine reconciliation and peaceful coexistence in the entire state.”

A similar forum was held last week in Kagoro for Zone 3, while another is billed to hold soon in Kaduna for Zone 2.

•Photo: Governor Yero.

Source: News Express

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