Governor Faymi led government handed over Ire Clay Product Ltd to the New Frontier Development Ltd today. Today marked the conclusion of @ekitistategov’s second divestment from a state owned enterprise; and demonstrates @kfayemi’s commitment to attracting private capital.
The new investor is taking over the companies liabilities, injecting fresh capital, working with the local community, and also expanding sales by backward integrating into its thriving construction business. All these will create jobs for the community and grow our economy.
Apart from running a transparent process, @ekitistategov also rehabilitated the 25.6km Ilupeju-Ire-Igbemo-Ijan road, which will ease the transportation of bricks and other products from the plant.
Akin Oyebode (commissioner for finance & economic planning) handed over to Hassan Musa Usman.