Culled from Guardian Newspaper
To drive sustainable economic growth in the face of dwindling allocation from the Federation Account, the Enugu State government yesterday, revealed plans to ‘commercialise or privatise’ 17 moribund industries. The plan would top the list of discussions at a two–day investment summit tagged “Oganiru Enugu,” billed to hold from April 12 to 14 in the state. The industries, the state said, would be privatised or commercialised so that they could contribute to the state’s IGR as well as provide employment to the teeming youths. The Director General of the Enugu State Investment Summit, Ike Chioke, who announced the plans in a press briefing, said some of the industries to be affected are Hotel Presidential, Niger Steel Company, Sunrise Flour Mill and Enugu Vegetable Oil Limited. Others are Adarice Company, United Palm Produce, Premier Cashew Industries, Aluminum Factory, Obe, Ikenga Hotels, Nsukka and among others.