By Godwin Kingsley, Lafia Nasarawa state government Monday handed over two state-owned companies to the private investors.
The handing over was performed at the NIPDC conference hall, Lafia, by the Nasarwa Investment and Property Development Company, NIPDC, a parastatal under the Ministry of Commerce and Industry.
The two companies transferred are Nasara Fertilizer Blending Company, Lafia to Agtho Merchant & Company Limited, Abuja, and Nasara Sacks & Packaging Company, Akwanga to Young Plastic Enterprises Limited, Kano.
Speaking at the ceremony, Commissioner for Commerce and Industry, Emmanuel Brass Yaji, charged the investors to be proactive and transparent in their dealings.
He said the essence of leasing the companies is to generate employment for the state’s teaming youths and boost the internally generated revenue.
The commissioner appealed to the new owners not to fail the state government by fulfilling their part of the agreement.
Earlier, the Managing Director of NIPDC, Daniel Agzegana said out of the three companies mapped out for leasing by the state government, it decided to lease two companies as a pilot scheme.
He added that, after the 1st quarter of 2014 other state owned companies would be featured in the leasing scheme.
Responding, the Managing Director of Agtho Merchant and Company Limited,Abuja, assured the state government of his organization’s commitment to revamp the company and fulfill its own part of the
agreement.
He added that 60% of their work force would be drawn from Nasarawa State indigenes.
Also speaking, the General Manager of Young Plastic Enterprise Limited,Kano, Saidu Tillam said his company hopes to commence work immediately, in order to meet up with its own part of the agreement.
