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Saturday, October 15, 2022

Kaduna now investment destination of choice in Nigeria: Buhari

The president said Kaduna was now “one of the leading destinations for Foreign Direct Investment for Nigeria in the last six years.”

• October 15, 2022
President Muhammadu Buhari
President Muhammadu Buhari [Photo Credit: Premium Times Nigeria]

President Muhammadu Buhari has commended Kaduna State for establishing its credentials as an investment destination of choice in Nigeria.

The president gave the commendation on Saturday during day three of the ongoing 7th Kaduna Economic and Investment Summit.

Represented by Minister of State for Industry, Trade and Investment, Maryam Yalwaji, Mr Buhari said the business community were responding positively to Kaduna’s overtures through the quantum of investments in the state.

“Kaduna state has emerged as one of the leading destinations for Foreign Direct Investment for Nigeria in the last six years.

“The success of subnationals in attracting investments, creating jobs and increasing internally generated revenue, is critical to the success of the entire country,” he added.

Mr Buhari pledged the federal government’s support for the efforts of all states and the FCT to promote development across all sectors of the economy.

“I have closely followed the strides Kaduna has made since 2015; it is commendable also that investors are creating jobs in the agric sector taking advantage of the state’s prioritisation of agriculture.”

The president also acknowledged the successes recorded by the state in the areas of health, ICT, mining and renewable energy.

“I also note with delight, notable positive private partnership projects in the state, which aim at addressing food security and improving livelihood,” he added.

He said that the federal government would continue to support efforts to attract job creating investments by the Kaduna state government.

“We believe that much can be done at the subnational level to drive human capital development and expand economic opportunities.

“This massive investment in infrastructure upgrade that Kaduna is executing, is no doubt an enabler of economic dynamism, apart from valuable significance of improving the wellbeing of citizens,” Mr Buhari said.

He added that the state was taking full advantage of the economic policies of the Federal Government and the heightened need to safeguard livelihoods.

(NAN)

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