Nigeria-based Odu’a Investments Limited in association with Afe Babalola University at Ado-Ekiti (ABUAD) will make an investment for the revival of textile mill in Ado Ekiti. It is an initiative to boost the country’s economy by converting the dilapidated mill into an industrial park which will house 31 small-scale industries.
In the ’60s, the industrial development of Nigeria was at equivalence with countries such as Brazil and India. With time, there was a slowdown in the struggle to sustain the position resulting in shut down of various companies, ABUAD’s founder Afe Babalola said during the presentation of the project design for the utility of the mill.
Both the parties have also shown interest in working towards imparting education and employment generation. At the factory site, a vocational and skill centre as well as an academic centre will be established which will offer diploma in three engineering courses and advanced level certificates. The centre will also give training in 12 courses.