By Ahmed Tukur
Lafia
Nasarawa state government has acquired 335 hectares of land worth N2.4 billion for investment and business enterprise.
Immediate past Managing Director of Nasarawa Investment and Property Development Company (NIPDC), Mr. Daniel Ajegana, disclosed this during a farewell speech in Lafia, the state capital.
Ajegana was the longest serving officer in such position in the state and among the 14 public office holders relieved of their appointments recently by Governor Umaru Tanko Al-Makura.
He said the lands were acquired for the purpose of industrial and estate developments.
“The company has acquired parcels of lands at strategic locations in the state for the purpose of industrial and estate development,” he said.
Ajegana said the company was established in March 2001, with an authorised share capital of N150 million with a vision to serving as catalyst of industrial growth for the state.
Giving a breakdown of the lands across the state, Ajegana said the company had 173 hectares of land in Roguwa in Karshi Development Area of Karu local government, 17.7 hectares near NTA Lafia, and eight hectares along Agyaragu Tofa Road, Lafia.
Others are seven hectares at Azuba, opposite Na, Allah Farms, Lafia, 7seven hectares opposite Karu International Market, and 122 hectares at Shabu in also Lafia.
“The estimated revenue from these lands stands at about N2.373 billion.”
He said the value of the company’s investment stands at N1.2 billion, adding that Nasarawa state presents limitless business opportunities for interested individuals and companies.
He added the company had other business spread across the state which included spring water factory in Lafia which, according to him, has the capacity to produce 5,000 bottles per hour.
Ajegana also said the company was into hospitality business with a Hotel along Shendam Road, Lafia, that had 36 chalets, a conference hall, with a sitting capacity of 1, 500 guests.