ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Monday, March 1, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Malam Nasir El_rufai and Deputy Governor Dr. Hadiza Balarabe

Malam Nasir El_rufai and Deputy Governor Dr. Hadiza Balarabe

Buhari asks Kaduna to surpass investment achievements

Governor El-Rufai says Kaduna has attracted investments worth about $800 million since 2015.

byPress Release
September 21, 2020
3 min read

President Muhammadu Buhari has called on the Kaduna State Government to keep up its laudable investment efforts and surpass the impressive results already attained.

The president, who was the special guest at the fifth edition of the Kaduna Economic and Investment Summit (KADInvest), commended the “Kaduna State Government for its efforts to establish its credentials as the investment destination of choice in Nigeria”.

The president spoke after Governor Nasir El-Rufai revealed that Kaduna State has attracted both domestic and foreign investments worth about $800 million since 2015, with investors pledging a further $2.1bn.

The maiden edition of KADINVEST 1.0 was held from 6th to 7th April, 2016, with the theme, ‘’Let’s Move Kaduna into the Global Economy’’.

The annual summit has been held since 2016 but this is the first time the event would hold virtually and the theme of KADINVEST 5.0 is, ‘’Infrastructure, Industrialisation and Innovation.’’

Mr El-Rufai, who gave an overview of what the previous summits achieved, said that ‘’Kaduna has faced fiscal headwinds as a result of Covid-19 pandemic, with several mitigating strategies aimed at repositioning the state to maintain solvency and emerge stronger post pandemic.’’

According to the governor, KADINVEST 1.0 attracted 25 businesses and local as well as foreign investments worth $500 million.

‘’The summit also facilitated investments through the creation of a one-stop shop and operationalising of the ease of doing business charter, to break down barriers to investments and expansion of the fiscal space,’’ he added.

Lagos State Governor Babajide Sanwo-Olu delivering his goodwill message
Lagos State Governor Babajide Sanwo-Olu delivering his goodwill message

Mr El-Rufai further said that the second edition of the summit, KADINVEST 2.0, witnessed the launching of Kaduna State Development Plan(SDP) and ‘’Sector Implementation Plan(SIP) as a vehicle to achieving SDP through annual budgeting framework.’’

RelatedNews

FG seeks asset manager for N1 trn infrastructure company

Insecurity: Ganduje’s aide says APC has failed Nigerians

Insecurity: Buhari rules out amnesty for bandits, terrorists

New EFCC Chair: Malami may not allow Bawa operate independently -Sagay

‘’The Ease of Doing Business charter, Bus Rapid Transit(BRT) system, the Eyes and Ears Citizens Engagement platform were all launched at KADINVEST 2.0,’’ he added.

According to him, a three-year Memorandum of Understand(MoU) with the United States Agency for International Development(USAID), to help drive the economic development of the state was signed at the event.

He further said that that edition of the summit attracted ‘’a number of foreign Direct Investment in the state, especially Olam Poultry and Feed mill, Mass Housing at Millennium City and KADICT.’’

Dangote adbanner 728x90_2 (1)

The governor also said that Kaduna State Infrastructure Masterplan(2015-2050), 14 + investments solidified through foreign and local domestic investments, were launched at the third edition of KADINVEST 3.0. El Rufai said that the summit focused on building human capital, adding that it attracted 79% Foreign Direct Investment and 21% Domestic Investment.

‘’Last year, KADINVEST 4.0 focused on the operationalisation of Kaduna Industrial Plan and Improvement of the investment portfolio by 300%’’, he further pointed out. The governor said that Kaduna was launched into the Industry 4.0 phase by focusing on developing a knowledge driven economy while revamping industries, during the summit.

Mr El-Rufai said that Kaduna State took some measures in order to mitigate the effects of Covid-19, by commencing staff verification and screening to reduce overhead cost. According to him, the government revised the 2020 budget to manage the revenue and expenditure impact of Covid-19 .

President Muhammadu Buhari joined KADInvest from Aso Villa and delivered a goodwill message
President Muhammadu Buhari joined KADInvest from Aso Villa and delivered a goodwill message

In his good will message, President Buhari noted that KADINVEST “has become a respected fixture on the investment calendar, held annually since 2016.’’

According to him, ‘’it is a fitting statement of the resilience of the Kaduna State Government that it is able to host the 2020 edition amidst the severe disruptions to the normal order caused by Covid-19. This is the sort of determined focus that can help the country to navigate the challenging consequences of the pandemic,’’ President Buhari added.

Mr Buhari commended the efforts of the Kaduna State Government for establishing its credentials as the investment destination of choice in Nigeria.

ADVERTISEMENT

‘’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. I call on the Kaduna State Government to keep up these laudable efforts and surpass the impressive results already attained,’’ he added.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (1)
premiumtimes



PT Mag Campaign AD

Previous Post

One dead, 20 injured in fresh herders, farmers clash in Jigawa – Police

Next Post

AIB releases preliminary report on Lagos helicopter crash

Press Release

Press Release

More News

Government Girls Secondary School, Jangebe

Jangebe schoolgirls not yet released, negotiations ongoing – Zamfara Govt.

February 28, 2021
Kano Governor, Abdullahi Ganduje

Ganduje sacks aide arrested by SSS for criticising Buhari, APC

February 27, 2021
Salihu Tanko

SSS arrests Ganduje’s aide after asking Buhari to resign over insecurity

February 27, 2021
Kano on map

Kano shuts 10 boarding schools over students abduction

February 26, 2021
Apprehensive residents attacks govt officials, Journalists after school attack

Zamfara Abductions: Jangebe residents attack govt officials, journalists

February 26, 2021
Bello Matawalle

Zamfara shuts boarding schools after abduction of schoolgirls

February 26, 2021
Next Post
The Lagos State Emergency Management Agency, LASEMA has activated its resources to the helicopter crash at 16A Salvation Opebi Road, today, Friday, 28th August, 2020. (Photo Credit: LASEMA)

AIB releases preliminary report on Lagos helicopter crash

Chikwe Ihekweazu, Director-General of the Nigeria Centre for Disease Control (NCDC) [PHOTO: PMNEWS]

COVID-19: Nigeria to conduct seroprevalence surveys in four states

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,626,897 other subscribers.

Advertisement






netherland biz school Advert

Zenith Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.