The state-controlled New Nigeria Development Company (NNDC) has announced it will invest $15 million through a partnership with Turkish firm Sur International Textile to reactivate the collapsed Kaduna Textiles Ltd (KTL). The Turkish firm will contribute 35 per cent, the Nigerian Government 45 per cent and KTL will share 20 per cent of the expenditure.
NNDC group managing director Ahmed Musa recently informed newsmen about the decision after a meeting with a Turkish business delegation at the organisation’s headquarters in Kaduna. Revamping KTL would boost the economy of Kaduna state and create employment opportunities for unemployed youth in Nigeria, a news agency report quoted Musa as saying. KTL will produce uniforms for the armed forces, the police and other paramilitary in Nigeria and other west African nations.
KTL, established in 1957, operated a large integrated textile mill in Kaduna producing different kinds of garments. It was financed by the Northern Nigeria Regional Marketing Board and the region’s development corporation and managed by an expatriate firm, David Whitehead & Sons, till it was shut down in 2000 due to financial crises and inadequate power supply.