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Published On: Mon, Dec 30th, 2019

Bauchi will revive ailing industries, says Commissioner

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From Ahmad SAKA, Bauchi

Bauchi State Commissioner, Ministry of Commerce and Industry, Alhaji Mohammed Sadiq has restated the commitment of the government to revive all inherited industries that are not dead to reduce poverty and create employment opportunities in the state .
Sadiq stated this when he interacted with reporters in Bauchi.
He said the state will revive the industries before they can be privatized, “ so that we don’t sell obsolete industries to the people.”
“His Excellency, the governor has given the enabling support to scout for investors, to which we have collected a number of proposals from potential investors. We are working to ensure that very soon there is going to be change. As you are also aware that his Excellency, the governor has the plans to privatize industries in the state especially government owned industries. But we are going to revive them so that we don’t sell obsolete industries.
We will then conduct a due diligence under the Committee headed by the Deputy Governor of the State where we are going to raise the share capital of the companies.”
The Commissioner said government will create enabling environment and will deploy all political will to help investors to benefit from their investment.
He said government is committed to revived and boost the operation of the oldest industry like the legacy project left by late Prime Minister Sir Abubakar Tafawa Balewa that is Bauchi meat factory, so that it will be attractive to investors
Sadiq said some of the inherited industries like Zaki flour, Kobi kola and many others established by the first civilian Governor of Bauchi State are dead and there is nothing government can do about it, but those that are not dead government will deploy all that is needed to inject new life in many of them that can be revived to create employment opportunities.
He said Government will pump in money to Bauchi Alind cable manufactures and renovate Zaranda Hotel to raise their share capital and open it to subscribers and allow people to come in.

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