Benue state governor, Rev Fr.Hyacinth Alia, Tuesday, said his administration is working on revamping and building a minimum of 10 industries within the first 4 years of his administration.
The governor also said he is aware that the Benue Investment and Property Company (BIPC) needs liquidity of not less than N7 billion to stabilise and drive the industrial revolution, adding that his administration is working to achieve the goal.
Speaking during the official commissioning of the BIPC Bakery, Water, Emperor Fertiliser and Motorcycle Hire Purchase Scheme, Governor Alia announced the handing over of some moribund industries in the state to the BIPC to achieve the mandate for which the company was established and drive the economic development of the state.
He said his administration is committed to reviving moribund industries and establishing new ones to improve the economic development of the state.
The governor added that he will continue to work tirelessly to create an enabling environment for businesses to thrive and provide opportunities for citizens to prosper.
He stated that the steps taken to establish fertiliser blending company, float bakery, water factory and begin hire purchase loan scheme were taken to ensure that the teeming youth would be gainfully employed and farmers have the right value for their farm produce.
He said his government is ready to support BIPC with an equity stake to float the state’s brewery and establish a juice factory in the state.
He further said his government has introduced one stop shop for ease way of doing business and also gave tax holidays to investors.
“As an incentive, we are offering tax holidays to investors who are willing to invest in the state or already doing business in the state. Additionally, we have embarked on a massive road construction project to improve accessibility and enhance business activities,” he said.
