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Published On: Tue, Dec 17th, 2019

Bauchi govt. to privatize moribund industries, says Gov.

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From Ahmad Mohammed, Bauchi

Bauchi State Government has approved the constitution of a committee for the privatization of all the moribund industries in the state.
The State Governor, Senator Bala Abdulkadir Mohammed disclosed this yesterday at the official opening ceremony of the Bauchi State 1st National Trade and Exhibition Fair with the theme “ The New National Economic Recovery and Growth Plan and Eventual Diversification of Nigeria’s Economy the Role of Small and Medium Enterprises holding at Ibrahim Babadamasi Babangida Square Bauchi.
The Governor who was represented by his deputy, Senator Baba Tela believed that the recommendations of the committee will go a long way in improving and revitalization of industries.
He said the constitution of the committee was in recognition of the importance of Small and Medium Scale Enterprises in the state in line with his economic policies.
Governor said the fair and exhibition are essentially an event meant to exhibit goods and services to potential buyers in addition to networking to private organizations to grow customer base for the development of business relationship.
He said the 1st National Trade and Exhibition fair will open window of cooperation between government, private sector and small scale entrepreneurs to interface, exchange ideas and promote synergy for national growth and development.
“ You will agree with me that the seemingly high level of carpentry works going on in both the pavilion and open spaces for participants to have the necessary exhibition stand to display their commodities is another means of livelihood to our local entrepreneurs and teeming unemployed youth.
“I am pleased to draw the attention of the organizers of this trade and exhibition fair and all the stakeholders to ensure its sustenance and start making proactive step towards reviving the traditional North East Joint Domestic Trade Fair in the near future.
Declaring the Trade Fair opened, the Minister of State for Industry, Trade and Investment, Ambassador Maryam Yalwaji Katagum, said the administration of President Muhammadu Buhari was fully committed to provide both financial and technical assistance to small and medium enterprises to ensure their products meet international standard.
Ambassador Maryam Katagum said the theme of the trade fair was in line with present administration’s desire to ensure economic advancement and empower local businesses as well as adding value to the nation’s resources.
The Minister called on stakeholders in the sector to support government’s efforts at strengthening the capacity of small and medium enterprises for job opportunities and ensure rural development.
The President, Bauchi State Chamber of Commerce, Industry, Mines and Agriculture, Alhaji Habu Jajere explained that the Trade Fair was organized as part of efforts to revive regional trade fair in the zone in addition to providing conducive environment for the federal government to educate stakeholders on the new National Economic Agenda and Strategies for diversification with particular emphasis on small and medium enterprises.
Adamu Jajere expressed confidence that the opportunity provided by the Trade Fair will transcend beyond the boundaries of buying, selling and exhibition to the pedestal of attracting the much needed foreign and domestic investment to the state.

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