The Sokoto government is partnering with investors from Turkey to revive the moribund state-owned furniture company that once employed 10, 000 workers and served clients as far as neighbouring Niger Republic.
From images sent to TheSimonAtebaNews, the company, once one of the biggest in northern Nigeria, is now a shadow of itself. The government would like to change that.
Team Leader of Turkey-based MUSIAD investors group, Resul Aslan, inspecting equipment at the Sokoto Furniture Factory in Sokoto…weekend.
Conducting the visiting investors round the factory, Managing Director of Sokoto Investment Company, Aliyu Bala Sokoto, said government is determined to bringing the company back to its former glory.
“We’re talking with the Turkish investors, under the auspices of the MUSIAD Group, with a view to collaborating in various sectors. Apart from our understanding on the furniture company, we are also working on establishment of a light tractor and agricultural implements assembly plant as well technical partnership on women empowerment through skills transfer,” he said.
Team Leader of the MUSIAD Group, Resul Aslan, said a comprehensive report on the status of the company will soon be presented.
He said his Group is delighted with the collaboration, and expressed optimism that the factory will soon return to full production.
Though important to Sokoto economy in the 80s and 90s, a downturn in the fortune of the Sokoto Furniture Company led to its closure and despite provision of loan by the Asset Management Company of Nigeria (AMCON) in efforts to revive it, not much was achieved.
Governor Aminu Waziri Tambuwal Tambuwal in 2015 cleared the N1.5 billion AMCON debt and took back possession of the company, with a promise to revive it in partnership with private partners.
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