The Nigeria Correctional Service (NCoS) has concluded plans to
establish shoe, garment, and leather factories in Abia and Kano
states through a Public-Private Partnership (PPP).
Chidi Izuwah, Director General, Infrastructure Concession
Regulatory Commission (ICRC), said this during the presentation of
certificate for the production of shoes, garments, and leather
factories.
The News Agency of Nigeria (NAN) reports that the proposed PPP
arrangement was between the NCoS and Erojim Investment Limited (a
local company), and its technical partner, Poly technologies
Incorporation, China.
This would be made using modern technology and quality inputs to
produce high-quality shoe, garment and leather products to meet the
demand of Ministries, Departments and Agencies (MDAs) in the
country.
Izuwah said that his agency played a key role as part of her
mandate to ensure that the Nation attracts the required private
investment to build the country’s infrastructure stock.
He said that the project would bring an immediate investment of
N5.089 billion made up of 80 per cent debt and 20 per cent equity
with zero financial contribution by the government.
According to him, the successful startup of this PPP project
will lead to the revitalisation of Nigeria’s shoe, garment and
leather industries in line with the federal government’s local
content policy.
He, however, encouraged MDAs to look inward in meeting their
basic needs.
“The ICRC, upon careful review of the Full Business Case (FBC)
report has issued this FBC compliance certificate to the NCoS for
the project.
“The next stage towards actualisation of this project is for the
CG through the Minister of Interior, Mr Rauf Aregbeshola to secure
Federal Executive Council (FEC) approval.
“The approval will enable NCoS sign the PPP contract and achieve
immediate take-off of the project upon financial close.
“The project would lead to creation of 1,290 direct jobs,
multiple of indirect jobs locally and savings on foreign exchange
demand to procure uniforms abroad among other significant benefits
to the country,” he said.
Responding, the Controller General of NCoS, Mr Ja’afaru Ahmed,
said that the service has never had anything close to the proposed
project.
Ahmed said that the purpose of correctional service was to
ensure rehabilitation, reintegration and reformation of inmates
back to the society.
“I want to assure the ICRC that we will ensure that we reach out
to other private sectors. This business venture we are entering
will give room for training of staff and inmates.
“There is no budget for the NCoS to expand and establish what it
want to establish, so we need to bring in private hands with
capital in order to be able to establish this.
“And that was what informed us to be able go into this and there
would be so many things we are going to do. We will be able to
generate revenue for the country and even train the inmates that
are out there,” he said. (NAN)
The Nigeria Correctional Service (NCoS) has concluded plans to
establish shoe, garment, and leather factories in Abia and Kano
states through a Public-Private Partnership (PPP).
Chidi Izuwah, Director General, Infrastructure Concession
Regulatory Commission (ICRC), said this during the presentation of
certificate for the production of shoes, garments, and leather
factories.
The News Agency of Nigeria (NAN) reports that the proposed PPP
arrangement was between the NCoS and Erojim Investment Limited (a
local company), and its technical partner, Poly technologies
Incorporation, China.
This would be made using modern technology and quality inputs to
produce high-quality shoe, garment and leather products to meet the
demand of Ministries, Departments and Agencies (MDAs) in the
country.
Izuwah said that his agency played a key role as part of her
mandate to ensure that the Nation attracts the required private
investment to build the country’s infrastructure stock.
He said that the project would bring an immediate investment of
N5.089 billion made up of 80 per cent debt and 20 per cent equity
with zero financial contribution by the government.
According to him, the successful startup of this PPP project
will lead to the revitalisation of Nigeria’s shoe, garment and
leather industries in line with the federal government’s local
content policy.
He, however, encouraged MDAs to look inward in meeting their
basic needs.
“The ICRC, upon careful review of the Full Business Case (FBC)
report has issued this FBC compliance certificate to the NCoS for
the project.
“The next stage towards actualisation of this project is for the
CG through the Minister of Interior, Mr Rauf Aregbeshola to secure
Federal Executive Council (FEC) approval.
“The approval will enable NCoS sign the PPP contract and achieve
immediate take-off of the project upon financial close.
“The project would lead to creation of 1,290 direct jobs,
multiple of indirect jobs locally and savings on foreign exchange
demand to procure uniforms abroad among other significant benefits
to the country,” he said.
Responding, the Controller General of NCoS, Mr Ja’afaru Ahmed,
said that the service has never had anything close to the proposed
project.
Ahmed said that the purpose of correctional service was to
ensure rehabilitation, reintegration and reformation of inmates
back to the society.
“I want to assure the ICRC that we will ensure that we reach out
to other private sectors. This business venture we are entering
will give room for training of staff and inmates.
“There is no budget for the NCoS to expand and establish what it
want to establish, so we need to bring in private hands with
capital in order to be able to establish this.
“And that was what informed us to be able go into this and there
would be so many things we are going to do. We will be able to
generate revenue for the country and even train the inmates that
are out there,” he said. (NAN)