However, most of the industries have been a shadow of their past, declining since the past two decades. But the state government said it has devised a means to cause a rebound of industrialisation in the state.
To kick-start this process, the state recently announced that the Central Bank Nigeria (CBN) has approved N10 billion funds to revive ailing industries in the state, with hopes for more funding.
Why Kano industries went moribund – Ganduje
At the stakeholder meeting, Governor Abdullahi Ganduje minced no words when he delved into the issues that resulted in the closure of major industries in the state.
The KanInvest and Diaspora, in partnership with the Links, a UK-based company and the Manufacturers Association of Nigeria (MAN), has secured N10 billion intervention fund from Central Bank of Nigeria (CBN) in its bid to revive industries affected by the COVID-19 pandemic disease in Kano State.
From Mustapha Adamu, Kano
KanInvest & Diaspora, in partnership with UK-based Company, LINKS and Manufacturers Association of Nigeria (MAN), has secured a whopping N10 billion intervention fund from Central Bank of Nigeria (CBN) to revive companies that have been affected by the COVID-19 pandemic. The revival project, tagged Turnaround Project, is targeting for intervention, at least fifty companies that had been affected by the pandemic, but not totally collapsed. Speaking at the opening of a Sensitization Meeting on Kano State Turnaround Project, held at government house yesterday, the Director General of the KanInvest & Diaspora, Hama Ali Ware, said the programme is to facilitate the turnaround objectives of various companies that had been affected by COVID-19 pandemic.
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