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Mudassir & Brothers To Inject $50m To Establish Textile Factory

A Kano based textile trading company, Mudassir & Brothers had stated that it has commenced preparation that will lead to the establishment of a brand new textile factory worth $50 million to boost the state’s and nation’ s economy as well as to create employment opportunities.

Speaking during a news conference held in his office on Saturday, the company’s Chief Executive Officer Alhaji Mudassir Idris Abubakar stated that already Kano state government has approved the allocation of a piece of land for the establishment of  the factory adding that other preparatory arrangements are in the pipeline for the actualization of the project that will create more jobs for Nigerians.

‘I would also like to express our profound gratitude to his Excellency Governor Abdullahi Umar Ganduje, for his commitment towards ensuring that Kano takes its former position of the best textile manufacturing state, and this allocation of land is a testimony to that,” said the chairman Alhaji Abubakar.

‘’The governor approved 22.5 hectares of land for us in line with the Federal Government drive to support the establishment of textile and garment industry.’’

‘’By the time the factory is established, over 10,000 employment will be created. Though presently we have more than 500 staff on our payroll.’’

{Mudassir & Brothers textiles trading company in Kano}

The chairman further stated that there is a strong need for the Central Bank of Nigeria (CBN) to as a matter of national interest consider a review of some of its policies to enable business activities to run smoothly within the nation.

He added that, though the project is so huge with a lot of competition with other sectors that deals in textiles, his company is seriously committed to ensure that the project is completed and executed within the shortest period of time.

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