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HomeEconomyKwara Assembly Urges KWSG To Take Proactive Measures to Revive Moribund Industries.

Kwara Assembly Urges KWSG To Take Proactive Measures to Revive Moribund Industries.

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The Kwara State Government has been urged to put in place proactive measures towards reviving of moribund industries in the state.

This is part of the resolutions of the House following a Motion on ” Resuscitating Moribund Industries in Kwara State ” raised by member representing Ojomu/Balogun Constituency Prince Saheed Popoola.

The Speaker, Engr. Yakubu Danladi Salihu, while reading the resolutions of the House, identified while most industries collapsed and expressed confidence that state government provides enabling environment for industries to strive and apply some provisions of Public Private Partnership KP3 laws, the affected industries would be resuscitated while the ailing ones would be salvaged for the betterment of the state.

The House also urged the state government to identify the challenges that led to their collapse, woo their investors with incentives and expose them to the numerous benefits of merger and acquisition.

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Hon. Popoola had while moving the Motion enumerated some of the industries that had become moribund, pointing out that the state had lost over 200, 000 jobs and urged the new administration to take bold steps in revitalising the moribund industries to check the growing trend of youth joblessness in the state.

Other Members who spoke on the Motions identified decayed infrastructure, double taxation, policy summersault, epileptic power supply as some of the challenges working industrial growth.

They advocated tax holiday for new industries, improved power supply, aggressive infrastructural development, financial incentives and provision of Small and Medium scale Enterprises with single interest rate.

The legislators who spoke on the Motion, were members representing Kaiama/Kemanji/Wajibe, Owode/Onire, Oke Ero, Lanwa/Ejidongari, Irepodun, Ilorin East, Afon, Share/Oke-Ode, Oloru/Malete/Ipaiye and Odo – Ogun Constituencies Hons. Abdullahi Haliru Danbaba, Ibrahim Olatunji Ambali, Raphael Adetiba- Olanrewaju, John Olanrewaju Bello, Felix Awodiji, Jimoh Aliyu Yusuf, Aliyu Abdulwahab Opakunle, Rasaq Olatunde Owolabi, Babatunde Abdulkareem Paku and Musa Atoyebi Yusuf.

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