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Oshiomhole threatens to revoke sale of cement firm

By SIMON EBEGBULEM

GOVERNOR Adams Oshiomhole of Edo State has threatened to revoke the sale of Edo Cement Factory, Okpella, to private investors by past administrations if the factory did  not bounce back to production in the next two weeks.

Oshiomhole gave the indication when the Okuokpellagbe of Okpella Kingdom, A.Y.E Dirisu, and a team of eminent Okpella indigenes paid him a courtesy visit at the Government House, Benin City.

According to him,“the Edo Cement factory has become an embarrassment. I will direct the Attorney-General of the state to look at the terms of the contract  and if they cannot operate it or give convincing explanation  as to when they will start production, we will revoke the sale of the cement factory  and  Edo State will take it over.

“We will find the resources to re-capitalise it and put it back to production. We have had enough of explanations. It is irresponsible for people who do not have the know-how to take over businesses and shut them down.  That is part of the things compounding the problem of unemployment in Nigeria.”

While assuring the traditional ruler that the government will make a difference  in the socio-economic life of the people, Oshiomhole observed that traditional rulers should take steps to canvass for good governance in the state.