Kaduna State Government has attracted a total investment portfolio of $4.48 billion comprising actualized and announced investments in the last seven years, Gov. Nasir El-Rufai, has said.<\/p>\n\n\n\n
The governor also said that the efforts had resulted in creating 75, 750 direct and indirect jobs.<\/p>\n\n\n\n
El-Rufai made this known in his presentation on Saturday at the 7th Kaduna Economic and Investment Summit, which commenced on Thursday.<\/p>\n\n\n\n
According to him, the flow of investments is a result of the state government\u2019s continuous effort of providing conducive environment for the private sector to drive the economy through numerous policy actions and reforms.<\/p>\n\n\n\n
The governor gave a recap of what his administration achieved since inception and why investors should invest in Kaduna state.<\/p>\n\n\n\n
According to him, the state has abundant natural resources, a productive workforce, steady economic growth and serves as the gateway to the northern market.<\/p>\n\n\n\n
\u2018\u2019Kaduna state is also the most improved state in 2018 Ease of Doing Business Subnational report by the World Bank and it has a very investor-friendly environment,\u201d he added.<\/p>\n\n\n\n
El-Rufai further said that the state \u2018\u2019is also the third biggest consumer market in Nigeria, the third most populous state in Nigeria and has 52% of Nigeria\u2019s consumer market.<\/p>\n\n\n\n
\u2018\u2019Besides, Kaduna state is rich in mineral resources as it has over 25 non-oil mineral deposits, including gold, iron ore and marble,\u2019\u2019 he added.<\/p>\n\n\n\n
The governor said one of the major achievements of his administration was raising N52 billion Internally Generated Revenue in 2021, as against N11 billion in 2015, when he assumed office.<\/p>\n\n\n\n
He listed other achievements to include the remodeling of Murtala Muhammed Sqaure, which now has world class sporting facilities, shopping malls, restaurants and various recreational centres.<\/p>\n\n\n\n
Others are the construction of urban roads in Kaduna, Kafanchan and Zaria, upgrade of schools infrastructure, construction of Kawo and Barnawa flyovers.<\/p>\n\n\n\n
\u2018\u2019KDSG has handed over Zaria Pharmaceuticals to private investors who will produce syringes, intravenous fluids and specimen bottles.<\/p>\n\n\n\n
\u201cThe revamped company is expected to create 200 direct and over 1,000 indirect jobs,\u2018\u2019 he added.<\/p>\n\n\n\n
According to him, the government has offered loans to women, built a Technology Cit at Barnawa, with CoLab Innovation Campus as anchor tenant.<\/p>\n\n\n\n
\u201cThe manufacturing facility of AMA Medical, a plant built to produce intravenous fluids, was also commissioned,\u2019\u2019 he recalled.<\/p>\n\n\n\n
He said that the innovative Zipline\u2019s operations for instant delivery of medical consumables to health facilities was inaugurated at Pambegua, the first of three planned distribution hubs in the state.<\/p>\n\n\n\n
\u2018\u2019KDSG signed a technical and management service agreement with Doctors Clinic Company of the United Arab Emirates on the 300 bed hospital at Millennium City.<\/p>\n\n\n\n
\u2018\u2019In addition, it also signed an agreement with Elekta for the purchase of equipment for the nuclear medicine and oncology centre at the hospital.<\/p>\n\n\n\n
\u201cThis will expand the national capacity for treating cancer,\u2019\u2019 he said.<\/p>\n\n\n\n
On the theme of KadInvest 7.0, \u201cBuilding a Resilient Economy\u2019\u2019, the governor said it was for the state government to be innovative in the wake of the global economic slowdown and to sustain ongoing reforms.<\/p>\n\n\n\n
According to El-Rufai, states should \u2018\u2019begin to innovate and become more resilient against global economic shocks.<\/p>\n\n\n\n
\u201cAnd begin to harness their comparative advantages to increase internally generated revenues and job creation to withstand these crisis.\u2019\u2019<\/p>\n\n\n
Kaduna State Government has attracted a total investment portfolio of $4.48 billion comprising actualized and announced investments in the last seven years, Gov. Nasir El-Rufai, has said. The governor also said that the efforts had resulted in creating 75, 750 direct and indirect jobs. El-Rufai made this known in his presentation on Saturday at the […]<\/p>\n","protected":false},"author":2,"featured_media":1739,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[394],"class_list":["post-45986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-kaduna","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n