Home News Adamawa Investment Company to invest in Agriculture, Energy, others

Adamawa Investment Company to invest in Agriculture, Energy, others


Yola  – Adamawa Investment Company Limited, is to invest in agriculture, energy, solid minerals and housing, to create employment opportunities and enhance the revenue generation capacity of the state.

The newly inaugurated chairman of the company, Alhaji Ibrahim Shehu, made this known Tuesday while briefing Gov Bindow Jibrilla of plans by his new management to revive the company.

Shehu said the company had commenced talk with investors, particularly in areas of agriculture, adding that South African High Commissioner to Nigeria would be coming to the state to discuss the modalities with the governor.

” We want to go into other projects like the development of markets; we have plan to construct modern market in Mubi.

” We have plans, in collaboration with Federal Mortgage Bank, to build proper estate.

” There is also plan to develop world class shopping mall”, Shehu said.

He called for the support of the state government to enable the company meet its set target.

Responding Gov Jibrilla lamented that since inception two decades ago, the company had not paid any dividend or attracted any investment to the state.
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He then commended the new management for its plan to transformed the company.( NAN)

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