Kano state is seeking foreign investment in critical sectors such as power, agriculture, infrastructure andmining, to boost its economy and enhance its competitiveness, the state governor, Dr. Abdullahi Umar Ganduje, has announced.
“My government is reaching out to foreign investors on a regular basis and providing them with necessary incentives such as land for the setting up of industrial ventures, adequate tax relief, adequate infrastructure and assurance of stable and secure environment,” he stressed. Ganduje also said his government would provide support for local employment of staff , facilitate transfer of dividend or profi t, even has he pointed out that his administration has zero tolerance to corruption. In a press statement, the governor stated this in a speech during the Kano presentation at the 8th Annual Investment Meeting (AIM) taking place at Dubai World Trade Centre (UAE).
The AIM is the world’s leading platform for foreign direct investment (FDI), aimed at facilitating strategic networking and promoting investments and this year, it is focusing on the theme; “Linking Developed and Emerging Markets Through FDI: Partnerships for Inclusive Growth and Sustainable Development.”
He said, “Kano state that was ranked 23rd in 2017 in the Ease of Doing Business by the World Bank has stepped up efforts to ensure that it remains investor friendly. This has made us the most successful PPP state in Nigeria. “A Chinese multinationals company, Shandong Ruyi Technology, has already embraced the benefits of our liberal investment policy and is investing over $600 million in the textile and garments industry (in Kano),” he highlighted.
On the sidelines of the AIM, Governor Ganduje met with the Under Secretary, UAE Ministry of Economy, Abdullah al- Saleh, where they discussed possible collaboration in the agricultural value chain and renewable energy, for mutual development. The governor, alongside his Niger state counterpart, Abubakar Bello also held discussion with a leading member of the ruling family in Dubai and owner of AMERI Group, Shiekh Ahmad bin Dalmook Al-Maktoum on prospective investment.
