The Federal Executive Council, FEC, have approved N5.1bn for the establishment of two shoes, garments, and leather processing hubs in Aba and Janguza, in Abia and Kano states respectively, under a Private, Public Partnership, PPP, arrangement.
The Minister of Interior, Rauf Aregbesola, disclosed this on Wednesday after the FEC meeting.
Aregbesola said the N5.1 billion project would be managed by two companies; a Nigerian and Chinese and will provide about 4,330 direct and indirect job opportunities.
He said, “The Council approved the Full Business Skills Compliance Certificate issued by Infrastructure Concession Regulatory Commission (ICRC), Abuja, for the design, finance, upgrade, operate, and transfer of the Nigeria Correctional Service Shoe, Garment, and Leather Processing Factory located in Aba, Abia State as well as Janguza, Kano State under a Public-Private Partnership (PPP).
“This full business skills certificate and the investment that will come there amounts to 5 billion, 100 million naira (N5,100,000,000). Invariably, when the partnership comes into effect, the benefit is enormous. About 1,330 people will have direct employment, while about 3,000 people will have indirect employment.
“The benefit besides the employment of Nigerians is the opportunity for training of the inmates of our correctional facilities in Janguza, Kano State, and Aba in Abia State. The contract for full business skills compliance certificate is given to Messrs LG Investment Limited, a Nigerian company which is partnering with a Chinese company, Full Technology Incorporated from Beijing, China”, he explained.