In his bid to reduce poverty and create employment of his home state of Adamawa, the former Vice President of Nigeria, Atiku Abubakar, has concluded plans to invest $20m in the state.
This was made known in Yola, on Monday, by the General Manager of Priam Group, Shehu Atiku, during the commissioning of a woven sack plant at Kofare Industrial Layout along Yola–Numan road.
According to the GM, the founder aims to industrialise Adamawa through building of factories, creating of employment for youths.
He said, “The investment will enable Priam Group to reach a revenue target of N30bn by 2023 and N50bn by 2025.
“Priam Group is a testament to the founder’s vision for a prosperous Adamawa, North East and Nigeria at large.”
He disclosed that the group had ambitious plans with the establishment of Rico Gado feeds factory to be commissioned in Abuja this year, and the expansion of Adama Beverages, which produces bottle water and juice.
While commissioning the factory, Governor Ahmadu Fintiri of Adamawa commended Atiku’s business acumen and assured him of a conducive business environment in the state.
The companies established in the state improved the livelihood of the residents and increased the IGR, he added.
Fintiri reassured the former presidential candidate that he would continue to support his drive to improve the state as well as his political ambition anytime.
