Niger state government has entered a Memorandum of Understanding with a construction firm to build a total of 90 units of small scale cottage industries at the Industrial Lay out in Minna at the cost of N 1.4 billion.

The state commissioner for Investment, Commerce and Cooperatives, Alhaji Yakubu Dan- Sallau during the post exco briefing in Minna, said out of the total figure of N 1.4 billion, the state government would contribute the sum of N 281 million at the completion of the project.

The agreement between the state government and Nochez Company, according to the commissioner, would be based on the Build and Sale concept on completion interested members of the public would buy each of the cottage industryat completion at the cost of N 12.5 million, instead of N 15.6 million due to the input of the state government.

He explained that the clutter cottage industries, will be completed within one year and the firm is expected to provide water, light and road at the area.

Dan-Sallau stated that building such clutter of cottage industries in the state will not only assist the state government in boosting its Internally Generated Revenue (IGR), but will create employment opportunities for its teeming unemployed youths in the state to be gainfully employed.

The commissioner further added that the idea of setting up the cottage industries in the same area to sell similar products will go a long way in bring down the cost of their products to people

agitator: N12.5m for cottage industry? This will be just a warehouse building, with 1 or 2 rooms as office. How many people in Niger state can afford that amount? Those who can already have investments elsewhere and some morons are already here praising the ru66ish.
Where will the power come from?

patlake:

http://viewnaija.com/content/blog/2012/11/niger-state-to-build-90-units-of-cottage-industries-at-n1-4bn/

Itoroetti :
Rubbish ideas and agenda.after d completion,u wil sell them to ur croonies.few yrs later,d industries becums moribund because,d people that d industries were sold to,had little or no idea about such business.meanwhile d housing estate dat he built in minna since his 1st tenure hasnt been completed.