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Nigerian president assures textile workers of job creation

Nigeria Targets N5.089 Billion Investment on shoe and garment factories

The Nigerian government is targeting N 5.089 billion from the partnership with the private sector to revive the garment and leather industries. Director general of the Infrastructure Concession Regulatory Commission (ICRC) Chidi Izuwah recently said the amount would be made up of 80 per cent debt and 20 per cent equity with zero contribution by the government.

Hewas was speaking at an event to present the full business case (FBC) compliance certificate to the Nigeria Correctional Service (NCS) in respect of the proposed NCS shoe and garment factories in Aba in Abia state and the Janguza Tannery Factory in Kano state under the PPP mode.

He said the PPP would lead to the creation of 1,290 direct jobs, several indirect jobs locally and savings on foreign exchange, according to Nigerian media reports.

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The arrangement between NCS and local company Erojim Investments and its technical partner, China’s Poly Technologies Inc., is aimed at establishing a world-class factory using the most modern technology and quality inputs to produce high-quality shoes, garments and leather products.

 

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About Kohan Journal

Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

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