The Adamawa government has initiated workable strategies and incentives to enhance speedy industrialisation of the state, the Governor, Alhaji Mohammed Bindow, has said.
Bindow made the statement at the Adamawa special day at the 10th Abuja International Trade fair in Abuja on Friday.
Represented by the Commissioner for Commerce and Industries, Alhaji Umar Daware, the governor said the strategies were in line with the new orientation of the administrative and micro and economic policy objectives of the government.
He said that the strategies were geared toward achieving social and economic change envisaged by the people.
The governor said the administration had provided necessary infrastructure in major towns of the state for the achievement of the objectives.
He said the government had keyed into the National Industrial Development Plan and National Development Programme of the Federal Government by proposing to implement industrial cluster concepts.
According to him, such concepts include the establishment of enterprises zones for different classes of Micro, Small and Medium Enterprises (MSMEs).
He said the government was promoting Public-Private Partnership in the establishment of industries and other economic ventures and developing industrial parks in partnership with the Bank of Industry.
Bindow said that other measures were the establishment of low interest special fund for MSME, provision of tax concessions to investors, liberal land acquisition and equity participation in projects.
He said the government planned to establish two international markets in the two commercial towns of Mubi and Yola.
Bindow also said the government was ready to go into partnership with investors interested in the solid minerals sector.
He said the plan for the establishment of Adamawa cement project had reached advance stage, while efforts to ensure the commencement of Mubi Burnt Bricks industries was being intensified.
Bindow said that the government was making efforts to establish a Magnesit company in Garkida Local Government Area for the production of fertiliser, refractory bricks and other related products. (NAN)
Source : Leadership