NNDC moves to re­sus­ci­tate Kaduna tex­tile com­pany

Daily Trust - - NEWS -

The New Nige­rian De­vel­op­ment Com­pany and a Turk­ish com­pany, SUR, have en­tered into a $15 mil­lion part­ner­ship aimed at re­sus­ci­tat­ing the Kaduna Tex­tile Lim­ited (KTL).

Speak­ing af­ter an ex­ten­sive dis­cus­sion with top of­fi­cials of SUR com­pany on Fri­day, the Ex­ec­u­tive Di­rec­tor, In­vest­ment Su­per­vi­sion Di­rec­torate of the NNDC, Al­haji Ali Gombe, who is also the Chair­man re­struc­tur­ing com­mit­tee of KTL, ex­plained that SUR had in­di­cated its will­ing­ness to en­ter into part­ner­ship with NNDC to­wards in­vest­ing in Kaduna Tex­tile Lim­ited.

He added that when the agree­ment is ac­com­plished, Kaduna Tex­tile Lim­ited will start pro­duc­ing mil­i­tary and para mil­i­tary uni­forms

Ac­cord­ing to him, KTL will also go into other gar­ments pro­duc­tion.

Al­haji Ali Gombe de­scribed the move to re­vi­tal­ize Kaduna Tex­tile Lim­ited as laud­able as it would, in the long run, turn around the for­tunes of the com­pany as well as the so­cioe­co­nomic de­vel­op­ment of north­ern Nige­ria and the coun­try as whole.

He said SUR will pro­vide 35 per­cent of the to­tal funds while the bal­ance would be shared be­tween the Fed­eral Gov­ern­ment and 19 North­ern states.

Group Manag­ing Di­rec­tor, NNDC, Dr. Ahmed Musa Mo­hammed, dec­o­rates the Chair­man of Tex­tiles in Turkey, Mr Or­fay Er­car Porer, dur­ing a visit to NNDC head­quar­ters to part­ner on re­viv­ing the Kaduna Tex­tile Lim­ited on Fri­day Photo: Shehu K. Goro

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.