• Drags in 18 companies in 6 months
The Kaduna State Investment Promotion Agency (KADIPA) said it has in the first half of 2022 raised local and foreign investments with $148.7 million and brought 18 investment companies into the state within the period.
The Executive Secretary of KADIPA, Malam Khalil Nur Khalil stated this during a press briefing to mark his one year in office. He said KADIPA has also generated revenues of N236.6 million for Kaduna State through payments of premiums by greenfield investors that have been allocated land and brownfield investments via payments received from privatisation of state-owned assets.
According to him, “Investment figures for the 2nd Quarter 2022 tallied at $36 million worth of actualised investments in various sectors across the LGAs in the state. We recorded $112.7 million in announced pledges, bringing the 2nd quarter figures to a total of $148.7 million, thereby increasing the state’s total investment portfolio to $4.35 billion, representing a 3.6% growth for the quarter. The chief objective for all these is job creation.
“KADIPA facilitated the investments of 18 companies and recommended them to KADGIS for land allocation. We handed over sites to investors in Kubau LGA, the Kangimi Layout, GAAIZ, Rabah Link Road and the Afaka Layout, all of which have mobilised to site. KADIPA has assisted the state in generating revenues of N236.6 million through payments of premiums by greenfield investors that have been allocated land and brownfield investments via payments received from the privatisation of state-owned assets.”
He said, KADIPA surpassed its 2022 set target of $500 million worth of investments in the first quarter and the board increased the investment portfolio to $1 billion. The 28-year-old Executive Secretary expressed gratitude to Governor Nasir El-Rufai for believing in the capacity of the youths, just as he thanked the Deputy Governor of Kaduna State and Chairperson of the KADIPA Board, Dr Hadiza Balarabe, and the Vice Chairman, Khalifa Muhammadu Sanusi II, for their support, advice and direction to the agency.