Newsexpress banner Camano banner
Kaduna, Dangote, BOI, others to acquire PAN – El-Rufai

By News Express on 05/03/2016

Views: 2,127

Gov. Nasir El-Rufa’i of Kaduna State said on Friday that the government, Bank of Industry, business tycoon Aliko Dangote and some states will acquire the Peugeot Automobile Nigeria Ltd (PAN).

El-Rufa’i who said this during the state’s special day at the ongoing 37th Kaduna International Trade Fair, named the other states as Katsina, Kebbi and Jigawa.

He said a proposal to acquire the majority shares of the company had already been submitted to Assets Management Company of Nigeria (AMCON).

According to him, the step is part of efforts to revive ailing industries in the state to provide huge employment opportunities to the teeming unemployed youths in the region and Kaduna State in particular.

He said that PAN, a critical partner in Kaduna State industrial history, had gone down from assembling 90,000 cars per annum to merely 200 a year.

“Our hope is that when we acquire the majority share of the company, we will restructure it to operate to full capacity of assembling between 90,000 and 100,000 cars yearly.

“We have the support of PAN as well as the government of France in this drive.

“We are determined to bring back all industries related to Peugeot established in Kaduna as part of plans to ensure that every youth in Kaduna State has something doing.”

The governor added that his administration had created more than 120,000 jobs in nine months, “but it is not enough; we have to work harder considering the number of unemployed youths in the state.”

He added that plans were underway to revive textile industries in the state.

He said that Kaduna used to be the Manchester of Nigeria because of the concentration of textile industries in the state.

He, however, said that all the textile companies had closed down except two that were operating skeletal services.

“Kaduna State Government is committed to the revival of not only the textile industries, but the entire cotton, textile and garment value chain in the state in our development strategy.”

El-Rufai also said that as part of effort to revive the agricultural sector, the state government would soon enter an agreement with a company to enable the state become a poultry hub in sub Saharan Africa.

“We are also making arrangement with another company to establish the largest fertiliser storage facility in the country in Kaduna to ensure that our farmers have access to fertiliser.

“The commissioner for commerce is currently negotiating with a foreign company that is interested in establishing a fertiliser plant in Kaduna,.”

On mining, the governor said that artisan miners would be organised into cooperatives to streamline all mining activities in the state to tackle illegal mining.

He commended the organisers of the trade fair, the Kaduna Chambers of Commerce, Mines, Industries and Agriculture (KADCCIMA), for bringing captain of commerce and industries to the state.

He promised to work with KADCCIMA to ensure a better outing in the 2017 edition.

President of KADCCIMA, Dr Abdul Bello, said that the fair’s theme, ‘Promoting solid minerals sector for sustainable economic development,’ enabled stakeholders to brainstorm on the way forward due to current economic challenges.

Bello added that the theme was deliberately chosen to complement and support the genuine aspiration of the current government for a robust diversification of the national economy.

The trade fair which began on Feb. 25, will end on March 6. (NAN)

•Photo shows Gov. El-Rufai

Source News Express

Posted 05/03/2016 03:39:23 AM





You may also like...
Kidnapped APC chieftain found dead

Theft: 2 security guards in SARS net

16 vehicles in multiple accidents in Enugu

Dino Melaye arrested, detained over ‘criminal intimidation and...

Tompolo disowns Niger Delta Avengers, berates military

Court sentences Falae’s kidnappers to life imprisonment

FEC approves N700 m to construct federal secretariats...

Rotarian Nwigwe, giving back to society

Ebola: Why we quarantined Nigerian troops in Liberia...

FG pays N135m compensation to victims of Apo...

INEC to punish absconded Collation Officer

First Bank targets single NPL ratio by year...


Latest News We have credible evidence of sabotage against opposition — FG What argument would South-East advance to deserve 2023 president? — Amaechi DSS condemns coup call in Nigeria Insecurity, wellbeing: Obasanjo canvasses for national programme Liverpool face Man City in Community Shield Okowa challenges graduates on knowledge application for better society ... As DELSU graduates 4,252 students Air safety: Enugu shuts Orie Emene Market, demolishes abattoir Super Falcons win WAFU Cup, edge Ivory Coast FIRS to charge VAT on online transactions How God used Lai Mohammed to deliver Kwara from retrogression — Chief Imam Police order probe into alleged suicide of UNN student African football legends play for Ambode


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (479,975 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (419,330 views) Shameless Genevieve Nnaji exposes breasts in public (357,817 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (305,890 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (270,170 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (241,255 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (229,150 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (210,848 views) 10 cars more expensive than Jets (201,880 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (200,137 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (181,243 views) Lagos plane crash: Journalist releases victims’ names (181,159 views)


UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (91) Business & Economy (4,266) Business Verdict (71) Columnists (1,031) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (613) Features (751) Global Business Monitor (360) ICT Monitor (43) International (3,457) Interview (179) Live Commentary (29) Love Matters (160) Maggie's Blog (268) News (46,281) Opinion (1,240) Pidgin (17) Politics (10,796) Religion (1,002) Sports (2,005) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera