Atiku expands business with sack coy, bank in Adamawa | Dailytrust

Atiku expands business with sack coy, bank in Adamawa

Former Vice President of Nigeria, Atiku Abubakar (2nd (R); Governor of Adamawa State, Ahmadu Umaru Fintrir (left) and others, during the unveiling of the corporate headquarters of Standard Micro-finance Bank in Yola yesterday
Former Vice President of Nigeria, Atiku Abubakar (2nd (R); Governor of Adamawa State, Ahmadu Umaru Fintrir (left) and others, during the unveiling of the corporate headquarters of Standard Micro-finance Bank in Yola yesterday

A former vice president, Atiku Abubakar, has commissioned a private factory in Yola, the Adamawa State capital with installed capacity to produce 9 million sacks annually.

The PDP presidential candidate also inaugurated a micro finance bank, Standard Micro-finance Bank.

Speaking at the event on Monday, Atiku said the newly-established factory would provide sacks for Rico Gado, his animal feeds company.

Earlier in his remark, the company’s Director, Shehu Abubakar, said the factory could produce 9 million sacks a year.

He added that Rico Gado, which used to purchase sacks from Lagos for packaging of its products, now has its sack requirement produced in Yola.

He noted that the plants were also conceived to address the needs of the agrarian communities in Adamawa as well as serve other numerous factories with quality packaging materials.

He noted that the plant was part of Atiku’s vision to industrialize the state and create employment for the young people.

He said a new Rico Gado feeds factory would be commissioned in Abuja this year, while a Rice processing plant was coming up soon.

He further disclosed that Priam Group had plans to inject more than $20 million in the economy of Adamawa State through investment within the next two years.

Governor Ahmadu Fintiri commended Atiku Abubakar for investing hugely in Adamawa and for creating employment opportunities for Nigerians.

He reiterated that his administration was committed to creating enabling environment for business.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410