All Our Industries Will Survive – Cross River Commissioner For Industries, Peter Egba

In Breaking News, Business & Economy, Politics

By CrossRiverWatch Admin

The Cross River State Government has insisted that all industries it has and is still constructing will survive and break even.

The commissioner for industries, Peter Egba disclosed this in a chat with CrossRiverWatch where he dispelled fears that the industries were “spur of the moment thoughts” and not well planned.

Mr. Egba who said the industries are sustainable, was reacting to the chronicle of broken promises, missed datelines and inability of any of the Ayade Industries to contribute anything to the State Internally Generated Revenue (IGR) after six years, by journalist and activist, Agba Jalingo.

He disclosed that the State government has a privatization council in place and are working to divest the State’s interest in all the industries.

“We will end strong industrially. You can take this to the bank. Quote me anywhere. We have a privatisation council in place. We are working at divesting the State’s interest in all these. The State Government will definitely pull out from their management. All the industries we have built are well thought out. Watch out!! They will survive,” Egba said

They have been concerns from the public about the different layers of political control built around the industries the governor is building and their consequent inability to take off successfully and break profitably even, despite the huge sums of public money staked in these projects.

The State House of Assembly has also observed that the industries were gulping money from government purse and contributing none and called on the governor to privatize them.

But the Commissioner assured the public that those concerns are been noted and will be addressed to ensure the sustainability of the industries.

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