FG sets aside N3.25bn for 3 industrial parks
Economy Industry National

FG sets aside N3.25bn for 3 industrial parks

The Federal Government has earmarked N3.25 billion for the first phase of three industrial parks being planned across the country.

Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammad Haruna, announced this when he visited the Commandant of the Nigerian Air Force Institute of Technology (NAFIT) in Kaduna on Monday.

Haruna listed the proposed location of the parks as Nnewi in Anambra State, Osogbo in Osun State and Igabi in Kaduna State.

He said President Muhammadu Buhari would inaugurate the first made-in-Nigeria helicopter in Kaduna before he leaves office on May 29.

“The Federal Government plans to develop industrial parks for the Automotive sectors in three zones of the country: Nnewi (Anambra State) Osogbo (Osun State) and Igabi (Kaduna State).

“Once fully taken up and equipped, the automotive parks will be self-sustaining and become a revenue source.

“In the first phase of the project, the Federal Ministry of Finance, Budget and National Planning has earmarked N3.25 billion for take-off.

“We appreciate the Minister for the commitment and interest in the project,” he said.

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Haruna listed the objectives of establishing the industrial parks.

According to him, the project initiative is in line with the concept of the Federal Ministry of Industry, Trade and Investment.

The ministry initially proposed to establish the Automotive Supplier Industrial Park (ASIP) in three locations for technology evolution in the automotive sector.

“This is also in line with the mandate of NASENI for the provision and development of primary and intermediate capital projects.

“Such projects required machine and equipment design, fabrication and mass production.

“This is in order to provide the enabling environment for sustainable industrialisation.

“The Hydraulic Equipment Development Institute (HEDI) in Kano, is supervising the project for NASENI.




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