Senate Moves to Revive Collapsed Industries

OrderPaperToday – The Senate in a four-point prayer on Monday resolved to revive ailing and collapsed industries in Nigeria.

This followed a motion moved by Jibrin Barau (Kano North) and 61 other Senators.

Following the resolution, the Senate mandated its Committee on Industries, Privatisation and National Planning to undertake an immediate inventory of all closed down industries.

It also asked the Committee to carry out thorough investigation into reasons why the industries collapsed as well as proffer solutions on how to revive them.

Thereafter, the Senate called on the executive arm of government to create enabling policies that would encourage unemployed youths to set up cottage industries.

It further called on the Federal Government to device means of persuading wealthy Nigerians to establish factories, rather than continuous dependence on importation of foreign goods.

Jibrin Barau, while presenting the motion, said the positive change being advocated by the present administration could only be achieved through relevant policies that would revive industries.

He condemned the near collapse of the real sector arising from closure of most industries in the country.

“The Federal Government should educate Nigerian importers, who have the financial wherewithal to invest in the establishment of industries that would produce what they usually import.

“There is an urgent need to continue to sensitise and encourage our youths and others to establish cottage industries to produce things like, tooth pick, toiletries, handkerchief among others,’’ he said.