The Kano State Government has revealed that it will soon unveil a 5-year multi-sectoral investment strategic plan, with a view to wooing local and foreign investors into the state.
The idea is to bring investors to invest heavily in key economic sectors to boost the state’s economy and provide revenue for the government.
The director-general, Kano State Investment Promotion Agency, Kan-Invest, Muhammad Naziru Halliru, disclosed this while addressing journalists in Kano on Wednesday.
The idea, according to Mr Halliru, is to invite investors to invest in the areas of energy, agriculture, health, education, transportation and other areas of the economy.
According to the director-general, the agency, through the approval of the state governor, Abba Kabir Yusuf, would hold an elaborate ceremony to unveil the plans, which he said, would create business enabling environment for investments to thrive in the state.
He also disclosed that the agency, under the leadership of the governor, would unveil an enlightenment campaign for local investors to invest in the state.
“This is very important because in Kano state alone, it is possible to have an individual that would invest in power that the whole state could depend on.
“We have wealthy people in Kano that could invest heavily in many areas of the economy. Sometimes we may only need foreign investors for advanced technology.
“The reason why we do not see them is that the previous government did not provide enabling environment for the investments. They did not see the legal framework to project their investments. They did not see the government giving them necessary attention and providing enabling business environment for them to invest, that is why they are reluctant to invest, ” he noted.
Mr Halliru restated the commitment of the agency to create awareness for local investors to see areas to invest, “beyond building plaza and corner shops”.
He said the state government, through the agency, is working assiduously to provide enabling business environment that is in accordance with the global standards, adding that the plans would be launched in few months.
The DG also disclosed that the governor’s investment agenda is yielding fruits as several investment proposals from companies to invest in Kano are underway.
According to him, majority of them had submitted proposals to invest in solar energy, disclosing that some had even proposed to bring over $500 million investments to the state.
