Friday 20 November 2015

Tambuwal sets up committee on N50 billion food processing company

Aminu Tambuwal, Sokoto State Governor
Sokoto State governor, Aminu Tambuwal, has set up a technical committee for the actualisation of a $250 million food processing factory in the state.
The committee, according to a statement by the governor’s spokesperson, Imam Imam, would work with the company setting up the project, Erisco Foods Ltd, to ensure its realisation early next year.
Speaking when he received the management team of Erisco Foods in his office in Sokoto, on Thursday, Mr. Tambuwal said Sokoto was open to business for all investors willing to invest in the state.
He said his policy of looking for Nigerian investors would continue because the country had capable businessmen that would make necessary difference in key areas.
“Establishment of the agro-based company will bring about development of the agricultural sector and provide job opportunities for our people.
“On our part, we will provide necessary incentives to encourage both local and international investors that want to invest in the state.
“Today’s visit shows the resolve of the government to accelerate growth of the economy to improving the living standards of the citizens,” Mr. Tambuwal said.
In his remark, Chairman of Erisco Foods, Eric Umeofia, said apart from the food processing factory, his company was working with foreign partners to see to the possibility of setting up a tractor manufacturing company with the capacity of producing 30,000 tractors annually.
The technical committee is to be headed by the former deputy governor of Sokoto, Chiso Dattijo, with commissioners of Commerce and Industries, Agriculture, Environment and Works as members, while Lawal Maidoki would serve as the secretary.
SOURCE: Premiumtimesng

We can no longer pay N18,000 Minimun Wage - Nigerian Governors Forum


We can no longer pay N18,000 Minimun Wage - Nigerian Governors Forum
The Nigerian Governors Forum said they have not seen prospects in the oil industry in the near future. 
Chairman of the Governors Forum and governor of Zamfara state, Abdulaziz Yari Read the communique issued at the end of the meeting
He said: “We resolved that we must look at ways to enhance revenue generation and at the same time look at ways to cut our overhead costs more especially the political office holders’ salaries and other overhead expenses.
“The situation is no longer the same when we were asked to pay N18,000 minimum wage, when oil price was $126 (per barrel) and continued paying N18,000 minimum wage when the oil is $41 and the source of government expenditure is from oil, and we have not seen prospects in the oil industry in the near future.
“We will diversify our economy in the area of agriculture and mining. But at the same time, we should understand our situation where some of us (states) today are taking N100million take home  (monthly allocation) and then have salaries in particular of over N2billion to pay.
“We therefore agreed here to take this suggestion to NEC in our meeting tomorrow (Thursday) so that we can be able to find ways to tackle this problem.
“And we are looking at coming together to discussing with Mr. President and his team, with governors, technocrats and experts in the economy to see how we can tackle our troubled situation. We are working harder to deal with it.
“Hence the MTN has accepted that they committed the offense and has apologised, and they are looking for leniency, we the governors forum decided to support the NCC to abide by the laws of the land and the laws of our land do not not give leniency to deliberate offense to our nation.”
SOURCE:infotime24