By Daniel Bebia
As part of efforts to enhance job creation and economic opportunities for its citizens, the Cross River State Government has officially handed over the state-owned Garment Factory, Fertilizer Plant, and Sack/Bag Factory to Jampur Group, an Indian company, under a 20-year concession agreement.
Speaking during the handover ceremony at the Ayade Industrial Park in Calabar, the State Governor, His Excellency, Senator Prince Bassey Edet Otu, represented by the Commissioner for Wealth Creation and Employment, Hon. Patrick Egbede, emphasized that the concession aligns with his administration’s commitment to generating employment for the youth.
Governor Otu reiterated his government’s dedication to the prosperity of the people, assuring that it remains steadfast in improving their standard of living. He noted that the concession was structured under a Public-Private Partnership (PPP) arrangement, ensuring the industries remain operational and productive for the next two decades.
He further stated that Jampur Group was selected based on its strong track record of integrity and excellence in Nigeria and globally, expressing confidence that the partnership would lead to job creation and increased opportunities for the people of Cross River State.
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Also speaking, the Commissioner for Industry, Dr. Mathias Angioha, commended the Governor for recognizing the need to transfer the industries to private management for improved efficiency.
“Today, we are gathered here to witness the handover of some of our industries to Jampur Group. As we all know, in developed countries, industries are not managed by the state but are rather concessioned for better and more effective operations,” he stated.
Dr. Angioha highlighted that the concession would drive the state’s industrialization agenda, boost government revenue, reduce financial burdens, and enhance public services.
In his remarks, the Director-General of the Bureau of Public-Private Partnership, Dr. Francis Ntamu, clarified that the handover was not an outright sale but a PPP-driven initiative aimed at ensuring sustainability and efficiency.
He expressed gratitude to Governor Otu for approving the concession, describing it as a step in the right direction.
Speaking on behalf of Jampur Group, Muhammed Akmal assured the government and people of Cross River State that they would not regret the partnership.
“Over the years, Jampur Group has built a reputation for honesty, integrity, and competence. We are committed to upholding these values as we commence operations, and the people of Cross River State can expect nothing but excellence,” he stated.
The highlight of the event was the official handover of the industries to Jampur Group.
