Saturday 27 August 2016

CROSS RIVER STATE'S MULTI-BILLION NAIRA GARMENT FACTORY IS SET TO BE COMMISSIONED SHORTLY


Cross River State's multi-billion naira garment factory is set to be commissioned shortly.
This brainchild of Gov Ayade is a Public Private Partnership that will see the British Govt provide
financing to train workers, while an Italian fashion design Company, core investors, will provide technical expertise in order to turn the factory into a leading exporter of fashion garments.

The factory will seek to target the lower end of the market - low prices and high turnover. Under the African Growth and Opportunities Act (AGOA), garments produced in Calabar can be marketed in America.

The factory already has a few contracts with the army, police, customs, immigration, prisons, Civil Defence, NYSC, and some schools.


When the advert was made public, over 6,000 applicants were received. It is expected that over 500 jobs will be created with widows and women given preference.

Many more of these employment generating, revenue increasing initiatives are needed across the nation.



promoted by LINE OF CULTURE

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