Abuja - An industrialist, Isaac Duru, has urged
the Federal Government to establish factories in towns and villages
across the country to reduce unemployment and curb rural-urban
Duru, who is the Chairman of Paradise Productions Limited, made the
call in his speech at the opening of the 4th Nigeria International Small
and Medium Scale Industries Trade Fair taking place in Abuja.
He said such factories should be set up in communities which produce relevant raw materials to save cost and time.
He added that, "the establishment of factories and industries in
rural areas will create employment opportunities for the country’s
teeming unemployed youths. It will also stop the mad rush to urban cities in search of white collar jobs that are not readily available.’’
The industrialist urged unemployed youths to refocus their attention
away from white collar jobs and explore available opportunities to
establish their own businesses and become employers of labour.
"There is no glory in being an applicant. Let the applicants take
advantage of this fair by looking inwards, thinking big and starting
small to become self-reliant,’’ he noted.
The News Agency of Nigeria (NAN) reports that the fair is jointly
organised by Paradise Productions Limited, the Federal Capital Territory
Administration and the Federal Ministry of Culture, Tourism and
Duru said that the fair with the theme, "Promoting Commerce and
Investment for Global Competitiveness’’, was aimed at promoting the
growth of small and medium enterprises (SMEs) in the Federal Capital
He noted that "the micro, small and medium enterprise sector is the
corridor to economic growth and industrial development of any country.We believe that the key to the industrial development of Nigeria,
being a developing country, does not lie on large scale industries but
on cottage, small and medium scale industries."
I believe that the opportunity created through the fair should trigger
the needed vertical and horizontal networking to kick-start the
foundation laying process for a vibrant national economic base."
In his opening address, the Chairman of the occasion, Tony Ukpoju,
said that globally, SME's serve as engines of economic growth,
employment generation, wealth creation and poverty eradication.
Ukpoju, who is a Principal Tourism Officer in the Federal Ministry of
Culture, Tourism and National Orientation, said the fair would meet its
NAN reports that over 200 local and foreign exhibitors are
participating in the 14-day fair, running from Oct. 18 to Oct. 31 at the
Old Parade Ground, Area 10, Garki, Abuja.