The Nigerian government and a Turkish firm, Sur Corporate wear, on Thursday, October 24, signed an agreement on the establishment of a military and paramilitary clothing factory in Kaduna.
The agreement was signed on behalf of the government by the ministry of defence at its headquarters in the Nigerian capital, Abuja. The factory will be located inside the Defence Industry Complex (DICON) in Kaduna state, northwest Nigeria. Speaking at the event, minister of defence, Bashir Magashi, said the Turkish firm is expected to develop local brand of textile materials and accessories.
He added that a total of $13million will be invested by the firm to finance the enterprise and make it viable. He said as the supervising ministry of DICON, the ministry would guarantee patronage of the materials by the Armed Forces of Nigeria. He said the move was to reposition DICON with a view to enhancing its production capabilities going forward.
He also revealed that a Public-Private Partnership based on “build, operate and transfer” PPP model is initiated to ensure that DICON is self-sustainable for future purposes. The minister further revealed that DICON and the Turkish firm will incorporate a Joint Venture Special Purpose Vehicle under the requirements of the Companies and Allied Matters Act of 1990.
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