EXCERPT FROM THE COMMUNIQUE OF NORTHERN STATE GOVERNORS FORUM HELD ON 1st MARCH 2018 AT SIR KASHIM IBRAHIM HOUSE KADUNA

The following is an extract from the press statement issued at the end of the NSGF meeting on NNDC. “The Forum, after careful scrutiny and thorough examination of the outstanding challenges and institutional requirements of the NNDC, resolved to ensure that all the needed incentives and the required impetus are given to the company to be one of the most formidable and competitive business outfits in the country. In this respect, the Forum noted with appreciation the commendable strides so far taken by the current management of the company towards realizing its full potentials.”

Furthermore, the communiqué stated; “The Company was encouraged to come up with investment plans in areas of competence and comparative advantage of the North. The Forum also resolved to recapitalize the Company by injecting more equity funds to strengthen it and as well ensure the full take off of the New Nigeria Commodity Marketing Company (NNCMC). Immense appreciation was extended to the Management of the NNDC, their international technical partners, as well as the Bank of Industry for their efforts and determination towards resuscitating the Kaduna Textile Limited.”