Ganduje Seeks CBN’s Intervention on Cotton Industry
Kano state governor, Dr. Abdullahi Umar Ganduje has met the CBN Governor, Godwin I. Emefiele, to deliberate on plan of the apex bank to intervene in the cotton value chain in Kano.
The value chain entails growing cotton to ginning, spinning, textile manufacturing and garment production.
The meeting, which took place at the bank’s headquarters in Abuja, also focused on the status of the on-going power project in the state and other power – related infrastructural challenges hindering the effective operations of the cotton industrial cluster in the state.
It could be recalled that the Ganduje administration signed a Memorandum of Understanding with Shandong Ruyi Technology Group of China to invest millions of US Dollars, to facilitate the development of a textile industrial park in Kano.
“This will give support to the proliferation of large cotton farms which will catalyze activities in the textile and garment industry in the country”.
“However, we need stable power to actualize the initiative. We have attained significant percentage of completing our hydropower projects at Tiga and Challawa. We gave free land to some companies for establishment of solar power projects in the state”, the governor asserted.
“When the Shandong Ruyi project eventually takes off, it will go a long way in consolidating our position as the leading commercial nerve center in Northern Nigeria and even in West Africa”.
Gov. Ganduje noted that the textile sector was very important, for creating jobs and poverty reduction, given Kano state’s high population.
“Due to lack of power, several textile companies in Kano have closed in recent years, leading to loss of thousands of jobs. We are therefore, working with the CBN and other stakeholders to ensure that our vision for the cotton value chain is achieved so that many people can get jobs and make our economy more vibrant”.
Ameen K. Yassar
Director – General, Media and Publicity,
Government House, Kano
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Report By: PRNigeria.com