*Hands over moribund industries to BIPC
By Chris Agabi
The Governor of Benue State, Rev. Fr. Hyacinth Alia has promised the state will invest by way of buying equities in the proposed N850 million BIPC Brewery and the proposed BIPC Juice Factory, all to be located in Benue State.
The governor gave the assurances on Tuesday May 28th, 2024 during the official commissioning of the Benue Investment and Property Company Limited (BIPC) Bakery, Water Factory, Emperor Fertilizer, and also launch a Motorcycle Hire Purchase Scheme for enterprising youth.
Governor Alia who was reacting to the BIPCs projection of N27bn to build about 30 industries in 4 years assured that the state government will support the investments targeted.
“Am aware that BIPC needs liquidity of not less than N27 Billion to stabilize and drive the industrial revolution, that, we are currently working on to revamp and build a minimum of 10 industries within the first 4 years of this administration.Towards this end, I am pleased to announce the handing over of some moribund industries of the State to Benue Investment and Property Company Limited (BIPC) to achieve the mandate for which the company was established and drive the economic development of the state” he stated.
“Furthermore, my government will support BIPC with an equity stake to float the state’s Brewery and establish a juice factory in the state. These steps are taken to ensure that our teeming youths would be gainfully employed, and our farmers have the right value for their farm produce” he assured.
He said to make these investments happen, he is working to tackle insecurity, and provide tax holidays to investors.
“My administration is also working diligently to address the issue of insecurity, creating a conducive environment for investors to invest in our beloved state. To this end, we have put in place modalities to launch a security outfit that will complement the efforts of existing security agencies, ensuring the safety of lives and property” he said.
“As an incentive, we are offering tax holidays to investors who are willing to invest in the state or already doing business in the state. Additionally, we have embarked on a massive road construction project to improve accessibility and enhance business activities” he promised.
He said his government is committed to creating a favorable business environment, and will spare no effort to ensure that Benue State becomes the preferred investment destination for all investors looking to invest in Nigeria.
“We are dedicated to providing the necessary support and incentives to make investing in Benue State a seamless and profitable experience. All these efforts are put into action to make Benue State an attractive destination for investment and economic growth” he stated.
*I want to assure the people of Benue of my unwavering commitment, to ensuring that our state is industrialized” he reiterated.
