Loveth Okoli<\/p>\n\n\n
The Nigerian Investment Promotion Commission (NIPC) has described Lagos state as the seventh fastest growing city in the world, with highest Gross Domestic Product (GDP) and Internally Generated Revenue (IGR) in Nigeria.<\/p>\n\n\n
The commission also noted that out of the 36 states and FCT, Lagos state has N398.7 billion IGR as at 2018, N1.2 trillion budget in 2020 and N5 trillion household consumption in 2019.<\/p>\n\n\n
MS Yewande Sadiku, NIPC\u2019s Executive Secretary disclosed this on Monday in Abuja at the formal launch of its \u2018Book of States\u2019 by Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo.<\/p>\n\n\n
The \u2018Book of States \u2018 is a compendium of competitive advantages and key investment opportunities in each state, to enable investors appreciate the investment potentials in Nigeria.<\/p>\n\n\n
Sadiku, while presenting the document highlighted various investment opportunities and comparative advantages across the thirty six states and FCT to attract potential investors as captured in the document.<\/p>\n\n\n
Acording to her, Lagos has the largest concentration of young, skilled and educated workforce including largest tourism and entertainment industry in Africa as well as best city for start-ups in Africa.<\/p>\n\n\n
Sadiku stated that the project which produced by NIPC in conjunction with the Nigeria Governor\u2019s Forum (NGF) was a means to sell Nigeria by highlighting the uniqueness of each of the thirty six states and the FCT.<\/p>\n\n\n
Sadiku equally highlighted the competitive advantages of Bauchi, Ekiti, Enugu, Kano, Sokoto and Taraba states, among other others.<\/p>\n\n\n
She stated that Bauchi state has N11.7 billion IGR in 2019 with over 4.2m ha of arable land with 2.4m ha untapped adding that it spanned two ecological zones (Sudan and Sahel Savannah).<\/p>\n\n\n
According to the NIPC boss, Bauchi has high deposit of solid minerals such as gold, titanium, limestone, kaolin and zinc with tourism potentials.<\/p>\n\n\n
She described Ekiti which has N8.5 billion IGR as the knowledge capital of Nigeria due to the history of producing a disproportionately high number of professors and academics.<\/p>\n\n\n
\u201cIt has a knowledge focussed Special Economic Zone and special agricultural processing zone with arable land and irrigation facilitate. It produces cocoa, kola nut, timber, granite among others.<\/p>\n\n\n
\u201cSokoto state has rich fertile soil for cultivation of many crops, the largest limestone reserves in Africa, largest phosphate deposits in Nigeria, and is endowed with gold, Nickel, copper and zinc.<\/p>\n\n\n
\u201cIt ranks second in livestock production in Nigeria and is also a major producer of rice, onions, garlic and sesame, and possesses hydro (Goronyo), solar, wind, biomass and gas potentials.<\/p>\n\n\n
\u201cEnugu state houses the only international airport in the South East of Nigeria, presence of multiple Free Trade Zones in the state, large aggregation of technology, innovation and start-up hubs.<\/p>\n\n\n
\u201cIt has over sixteen universities and tertiary institutions, abundant coal, iron ore, limestone, etc, deposits, and a strategic gateway between the agricultural belt of the North and the manufacturing hubs of the South,\u201d she noted.<\/p>\n\n\n
Sadiku further stated that Kano State has N40.6 billion IGR, largest labour force in Nigeria, major commercial and manufacturing centre in West African Sub-Region and rich cultural and heritage values.<\/p>\n\n\n
She also said that Taraba which had the largest tea farm in Nigeria was endowed with mineral resources while its IGR was N6.5 billion in 2019.<\/p>\n\n\n
She noted that the \u2018Book of States\u2019 was just one, out of many efforts to promote investment opportunities in the country, adding that the commission was working on other plans.<\/p>\n\n\n
\u201cThe investment passport is another document that will identify, and will be useful in promoting the investment opportunities in the states.<\/p>\n\n\n
\u201cThis is the next thing we are working on along with profiling of specific investment opportunities of each state,\u201d she said.<\/p>\n\n
Loveth Okoli The Nigerian Investment Promotion Commission (NIPC) has described Lagos state as the seventh fastest growing city in the world, with highest Gross Domestic Product (GDP) and Internally Generated Revenue (IGR) in Nigeria. The commission also noted that out of the 36 states and FCT, Lagos state has N398.7 billion IGR as at 2018, […]<\/p>\n","protected":false},"author":1,"featured_media":28124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[296],"tags":[76],"class_list":["post-29569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-economic","tag-lagos","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n