Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Nigeria. The stories here come from users.

Latest Badges:

View all Bilal Yerima's badges.

Borno investment company collapse

26 May 2015, 11:01 MUSA MUHAMMED

In a nation that intends to develop socially, economic and politically there must have a sound and viable industries that would improve its economic base.

Borno state is one of the ancient states in the North East sub-region of Nigeria which has a lot of viable industries enterprise and cottage industries which are still lagging behind industrially. Due to its dormancy, Borno Investment Company limited was incorporated in February 1981.

As private limited liability company is which is fully owned by the Borno State Government, the organization which started operation of its business in April 1987 which was aimed to stimulate the promotion of both private and public investment  in order to hasten the industrial growth and development of the state. Main while Borno Investment Company formally commenced business with an authority capital of N3-5 million. 

Also read: Investment flows down by a third in first quarter

It was however established among others in promoting Financial and implementing viable small medium and large scale project in manufacturing commercial financial and service sector of the nations. It’s economic through equity and loan investment. Borno Investment Company vested with the responsibility of monitoring state owned companies which include metal shoe state hate, Maiduguri international hotel, wire and nail factory as well as soda ash industry among others. 

Among the scope of operations government investment in public companies corporations, provide for the financial and technical advises to private individuals and companies in form of feasibility studies. Which has not been given due priority is now dormant. Right from other successive governments.

 The viable companies owned by Borno state government only on operational the three neighboring countries to the stouts Chad, Niger, Cameroon would no doubt patronize out products which are produced by these companies when adequately monitor Borno state governments being the owner of such companies should courage investor by leasing such viable industries for proper management and have its share of the company or instead the government should inject more money in to the companies and engage the services of experts who can run them for the benefit and economic base of the people and government.

If these companies are put in place the problem of unemployment in the stateWould  improve drastically.Borno state government under the able leadership of his Excellency Kashim Shettima the executive governor of Borno state should look into the issue of reviving the dormant industries so as to boast the economic of the state.

- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...