From Scholastica Hir, Makurdi

Benue State Governor, Rev Fr Hyacinth Alia, has disclosed his intent to revive moribund industries and establish new ones to boost economic development and address unemployment in the state.

The Governor made this disclosure in Makurdi on Tuesday, at the official commissioning of the BIPC Bakery, Water Factory, and the unveiling of its flagship products, including BIPC Bread, BIPC Water, Emperor Fertilizer, as well as the innovative Motorcycle Hire Purchase Scheme.

Governor Alia said his government will revamp and build a minimum of 10 industries within the first four years of his administration. He stated that his government will work tirelessly to create an enabling environment for businesses to thrive and provide opportunities for the citizens to prosper.

Acknowledging the need to stabilize the industrial revolution in the state, Alia said his government would support the company with an equity stake to float the Benue brewery and establish a juicer factory in the state.

“These steps are taken to ensure that our teeming youths would be gainfully employed and our farmers have the right value for their farm produce.

“My administration is also working diligently to address the issue of insecurity, creating a conducive environment for investors to invest. To this end, we have put in place modalities to launch a security outfit that will complement the efforts of the existing security agencies in ensuring the safety of lives and property.

“All these efforts are put into action to make Benue State an attractive investment destination for economic growth,” he said.

Earlier, the Managing Director and Chief Executive Officer (MD/CEO) of the Benue Investment and Property Company (BIPC), Dr. Raymond Asemakaha, said that BIPC needs liquidity of not less than N7 billion to stabilize and drive the industrial revolution it is currently working on to revamp and build a minimum of 30 industries within the first four years of the administration, with job creation of over 1 million.

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He said the bakery and water factory are strategic short-term initiatives designed to provide high-quality products that meet the needs of the people, create employment opportunities for the youth, and contribute to the overall economic growth of the state.

“Today’s event marks a significant milestone in our journey towards economic growth and development. We are steadfast in our commitment to creating jobs, stimulating the local economy, and contributing to the overall well-being of Benue State and its people.

The MD, who stated that BIPC’s mission is the creation of employment opportunities for the residents of Benue State, said the projects collectively exemplify BIPC’s role as a catalyst for economic stimulation, job creation, and value addition within Benue State.

“The BIPC Bakery and Water Factory are strategic short-term initiatives designed to provide high-quality products that meet the needs of our people, create employment opportunities for our youth, and contribute to the overall economic growth of Benue State.

“In line with Governor Alia’s vision to empower Benue farmers and boost agricultural productivity, BIPC has established a state-of-the-art chemical fertilizer blending plant with a flagship agricultural product, The Emperor Fertilizer, specially formulated to enhance crop yields, promote healthy soil, and revolutionize the agricultural landscape of our state.

“To address youth unemployment, we have introduced a pioneering Motorcycle Hire Purchase Scheme. Our research has revealed that commercial motorcycles, commonly known as “Okada,” contribute significantly to employment among our youth.

“This innovative scheme aims to empower our young people by providing them with affordable access to motorcycles, paving the way for further expansion into tricycles and cars in the future.

“Today’s event marks a significant milestone in our journey towards economic growth and development. We are steadfast in our commitment to creating jobs, stimulating the local economy, and contributing to the overall well-being of Benue State and its people,” he said.


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