Ekiti State Government has reiterated its commitment to Public Private participation in the industrialization process.
The Commissioner for Commerce, Industry and Co-operatives, Otunba Reim Bodunrin made this known while finalizing discussions on the leasing out of the moribund government palm oil mill factory in Ilumoba Ekiti to NOE Idogun Nigeria Enterprises in Ado-Ekiti
Otunba Bodunrin described the mill which has not been functioning since 2001 as second of the six moribund pilot projects in the Ministry to be leased out by the Administration.
The factory which has never functioned was sparsely equipped with locally fabricated equipments which most of it has been stolen. The present administration is creating an enabling environment for interested investors within and outside the State.
Leasing out of these moribund government owned industries will create employment and improve the living standard of the people , also increasing the Internally Generated Revenue (IGR) for the government through the payment of taxes.
Otunba Bodunrin however charged the investor to refurbish the factory to standard with updated equipment and provide adequate maintenance as at when due in order to fulfill the objective of the present administration on Public Private Enterprises.
The Managing Director of the NOE Oil Palm Mill, Chief Idogun commended the initiative of Governor Kayode Fayemi by allowing private individuals to contribute their skill to industrial development in the State.
Chief Idogun said his decision to partner with the government on the factory was premised on the neglect the project had suffered for long period of time.
He promised to revamp the factory in order to yield the expected result.
Last modified: June 22, 2012