Former Nigerian Vice President Atiku Abubakar has finalized plans to invest $20 million in Adamawa State in order to eliminate poverty and enhance the state's Internal Generated Revenue (IGR).
Shehu Atiku, the Priam Group's General Manager, made the announcement yesterday in Yola at the launching of the group's woven sack facility at Kofare Industrial Layout on the Yolaâ€“Numan route.
In December 2019, Atiku consolidated all of his commercial ventures under the Priam Group umbrella brand.
The founder's goal, according to the GM, was to industrialize Adamawa by developing industries and providing jobs for the state's and country's young.
He said that,
â€œThe investment will enable Priam Group to reach a revenue target of N30 billion by 2023 and N50 billion by 2025,â€
â€œPriam Group is a testament to the founderâ€™s vision for a prosperous Adamawa, North East and Nigeria at large,â€ Shehu Atiku added.
While opening the facility, Adamawa Governor Ahmadu Fintiri praised the former Vice President's commercial skills and assured him of a welcoming atmosphere for economic activity in the state.
He claimed that the businesses formed in Adamawa enhanced locals' livelihoods and enhanced the state's IGR.
Fintiri informed the Peoples Democratic Party's (PDP) presidential candidate in the 2019 general election that he would always back his efforts to enhance the state as well as his political ambitions.