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Industrialist calls for establishment of factories in towns

21 October 2013, 20:24

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 migration.

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 National Orientation.

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 Territory.

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 objectives.

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.



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