Kaduna Attracts $4.3b Worth Investments In 7 Years

The Kaduna State Government has said its investment drive and reforms, which were launched in 2015, have attracted actual investments and pledges worth over $4.3 billion in the last six years.

This was disclosed by Malam Khalil Nur Khalil, Executive Secretary of Kaduna Investment Promotion Agency (KADIPA), at a press briefing on Wednesday, ahead of the 7th edition of Kaduna Economic and Investment Summit(KadinVest 7.0), which starts on Thursday next week.

The Executive Secretary that the KADInvest which has been an annual event since 2016, has been an important platform in Kaduna state’s investment drive.

According to him, the successful wooing of the private sector has continued even in the face of challenges like a national slow down in economic activities, the impact of Covid-19 and serious security challenges in parts of the state.

Malam Khalil announced that KADInvest 7.0, which will hold from 13th to 15th October 2022, with the theme ‘’Building a Resilient Economy,’’ will be attended by several domestic and foreign companies.

He recalled that Kaduna State Government has attracted many notable companies since 2016, including Olam Feed and Hatchery Mill, Mahindra Tractors Assembly Plant, OCP Fertilizer and Dangote Peugeot Automobiles.

The Executive Secretary also listed the African Natural Resources and Mines Limited, and Tomato Jos, an agro-processing company which produces high-quality tomato paste, as some of the companies that KADIPA has attracted to Kaduna state.

Executive Secretary noted that “even with the impact of the Covid19 pandemic on the world, with economic activities slowing down considerably, Kaduna state has since 2021 managed to attract over $900 million worth of actualized investments”.

Khalil pointed out that the investments are both Domestic Direct Investment (DDI) and Foreign Direct Investments (FDIs), like Zipline, a company delivering medical supplies to hard-to-reach places using drones.