March 28, 2024

Bustan Daily

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KDSG attracts 25 new businesses worth $500m – El- Rufai

2 min read

Gov. Nasir El-Rufai of Kaduna state, says his
administration has attracted 25 new businesses worth
over $500 million as it continues to open up the business
space in the state.
El-Rufai made the disclosure on Monday at the opening of
the 5th Kaduna Investments Summit.
He said that the over $500 million was invested by local
and foreign companies.
The governor explained that the summit was one of the
means through which the government showcase and
market Kaduna State to national and international
audiences as the prime investment destination in Africa.
This year’s theme is “Infrastructure, Industrialization and
Innovation.” According to him, the target of the government is to make
Kaduna as the number one state for doing business and
the largest recipient of foreign direct investment in the
country.
He said among the recent investments were the setting up
of a tomato processing plant by Tomato Jos, an Agro
company, and Damau Milk Farm by Arla, designed to
transform livestock production from a culture into a
business in the state.
Meanwhile, President Muhammadu Buhari, who joined the
virtual summit as special guest, commended the efforts of
the Kaduna State Government to establish its credentials
as the investment destination of choice in Nigeria.”These
efforts have received just recognition in the response of
the business community which has put in new
investments in the state.
“It is hardly a surprise that Kaduna State has emerged as
the leading destination for foreign direct investment within
Nigeria.
“This is a further affirmation of the ranking of the state as
Number One for Ease of Doing Business by the World
Bank’s Doing Business Report 2018.” the president said.
“It is a fitting statement of the resilience of the Kaduna
State Government that it is able to host #KadInvest 5.0
amidst the severe disruptions caused by COVID-19.
“This is the sort of focus that can help the country to
navigate the challenging consequences of the pandemic,”
Buhari added.

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