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Home South East Osibanjo in Anambra, commissions digital leather industry, KVA substation

Osibanjo in Anambra, commissions digital leather industry, KVA substation

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Vice President, Prof. Yemi Osibanjo has restated Federal Government’s commitment to improving commercial and economic environments in the Southeast.

He also assured completion of all federal government projects in the region.

Osibanjo spoke on Tuesday in Ogbunike Oyi Local Government Area of the state at the official opening of an ultra modern, multifunctional and digital leather industrial hub jointly equipped by the federal and state governments.

He explained that the commissioning of the facility was to ensure that small businesses got opportunities to sophisticated equipment.

He assured that both governments would not relent in making the area conducive for investment.

He said, “The Federal Government have fulfilled its promise to equip a one-stop-center that will house ultra modern industrial shoe making hub with cutting edge technology.

“The shared facility is geared towards the enhancement of industrialization drives in Anambra State in the area of shoe and other leather production.”

Minister of Trade, investment and industry Amb. Mariam Katagum described the commissioning of the project as a step in the right direction, reiterating federal government willingness to empower Nigerians.

Earlier, Governor Willie Obiano highlighted the enormous economic benefits of the complex, including job creation for hundreds of small businesses, with a corresponding huge impact on the state’s Gross Domestic Product (GDP).

He revealed that the facility is fully equipped with the latest technology for shoe making, adding that the process of manufacturing shoes in the state is fully automated from start to finish in comparison with the highest shoe making processes in advanced world.

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On his part, Managing Director, Anambra State Small Business Agency (ASBA), Mr Clement Chukwuka disclosed the agency’s judicious and prudent utilization of the N2billion Micro and Small and Medium Enterprises (MSME’s) from the Central Bank of Nigeria to achieve its feat.

He praised the Federal Government for the creation and management of the national MSME’s programs that resulted in the provision of shoe and leather making digital equipment.

He urged the shoe makers in the complex to apply professionalism in their production, expressing hope that the project would be a legacy project with multiplier effects to the state and the nation in general.

Osibanjo was also in Awka, the state capital to commission two by sixty MVA, one hundred and thirty two by thirty three KVA substation.

Commissioning the facility, the VP commended the work done by Governor Obiano in driving economic development in the state, stressing that economy of Nigeria depends on the aggregation of the good work done in the composite states.

He revealed that the state revenue rose from N10billion plus to N26 billion plus, attributing the increase to enabling environment and ease of doing business measures introduced by the governor, describing the people of the state as those with great entrepreneurial ability.

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