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Sunday, 19 October 2014
Nigeria: Foundation to Establish U.S.$200 Million Glass Plant in Nigeria
Abuja — AS Nigeria continues to enjoy massive inflow of Foreign Direct investment [FDI] into her economy, strong indications emerged that a Dubai based Mara Foundation has concluded plans to establish a $200 million glass plant in Nigeria to boost employment generation for the people.
The Foundation owned by Ashish J Thakkar of Dubai has equally floated an ongoing $8 million Mara mentor one-on-one entrepreneur initiative in Nigeria.
Speaking at the 12th Mara mentor one-on-One interactive session yesterday in Abuja, the Director of Operations of the Foundation in Nigeria, Hetal Shah, said that construction work at the Glass plant to be cited in Lagos has begun adding that production would however, commence in 2016.
According to Shah, the glass plant when operational will help to reduce the unemployment situation in the country as well as reduce the importation of glass related product thereby, conserving lots of foreign exchange.
On the importance of the ongoing $8 million online Mara Mentor one-on-one entrepreneur initiative to the country, Hetal Shah explained that it is aimed at providing another avenue for building entrepreneurs, to connect and exchange ideas with leading entrepreneurs in Nigeria.
"You will agree with me that foreign direct Investment alone may not wipe out unemployment completely from the country, but mentoring young men and women in entrepreneurial skills in SMEs and ICT will go a long way to tackle headlong, the problem of joblessness around us".
He said that the initiative also gives young Nigerian entrepreneurs the unique opportunity to pitch their business ideas with business leaders for a chance to be selected for a Six month business mentorship placement under the tutelage of Nigerian finest business leaders." in this series, about 600 Nigerians applied online for the mentoring programme, as you can see today, online 10 have been selected, they will be attached to their separate business leaders for the next six months, the programme is open to all".
In his address to the occasion, the Minister of Youths Development, Boni Haruna said that government would continue to support every move that will enable, empower and inspire the next generation of Nigerians to sustain even development and inclusive growth for the nation.
Haruna described the Mara mentor programme as a project designed to enhance entrepreneurship education, capacity building and mentorship for the young Nigerians business enthusiast.
He promised that government would continue to partner with laudable initiatives that will help promote self-sustainability and job creations.