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Home Entrepreneurship Masari handed over 2 more Katsina moribund industries to a private firm
Masari handed over 2 more Katsina moribund industries to a private firm

Masari handed over 2 more Katsina moribund industries to a private firm

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Governor Aminu Bello Masari of Katsina state has expressed resolve to revive moribund industries in the state to economically transform the state to the next level, according to the Independent newspaper.

Masari made the pledge at the handing over ceremony of Kankara Kaolin and Katsina Neem projects to a firm, Condor Mining and Minerals Company in Katsina.

According to him, the Kankara Kaolin Resources is now fully owned by the Katsina State government after procuring the project from the Raw Materials Research Development Council (RMRDC).

“The two projects has the potential of providing job opportunities to the teeming unemployed youths in the state,” pointing out that, the Kankiya Metal Works after its take-over by AMPRI Ltd, had so far provided 150 jobs to indigene of Kankiya and environ.

Governor Masari expressed optimism that the Dubai based company would inject life into the two projects in Kankara and Katsina to reduce the rate of the unemployed, especially the youths.

Alhaji Abubakar Yusuf, the State Commissioner of Commerce, Trade and Industry, in his remarks said the two projects which will attract an investment of N1.825billion were established by two federal government agencies in the state.

“The Kankara Kaolin project was established by the Raw Materials Research Development council while the Katsina Neem was established by the National Research Institute for chemical Technology- NARICT,” he averred.

Mr. Vijay Saxena, Chairman Bilal Group who represented the Managing Director of Condor Mining and Minerals Company, assured that the firm would activate all machines and commence production of refined kaolin for industrial and pharmaceutical standard.

Saxena, who stated that the expertise would come from India to revive machineries, said qualified indigenes of Katsina State would be employed.

He said the company has projected an investment of over $4.1 million in the two projects.

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