The third edition of the Kaduna Economic and Investment Summit (KADInvest) 3.0, has concluded with the declaration of Kaduna as the leading investment destination in Nigeria. The benefits of the summits have brought gains which thousands of Kaduna unemployed residents gainfully employed. AZA MSUE, brings the sounds and echoes of this year’s summit.
The Ooni of Ife, Oba Adeyeye Ogunwusi, former President of Tanzania, Jakaya Kikwete, ministers, captains of industries, foreign and local investors were among dignitaries, who gathered at Umaru Musa Yar’adua Hall, Murtala Square in Kaduna, recently, for the 3rd edition of the Kaduna Economic and Investment, KADInvest (3.0). The summit is one of the initiatives of Kaduna State governor, Nasir el-Rufa’i, since assumption of office in 2015 to make the state great again. The summit was organised by the Kaduna State Investment Promotion Agency – KADIPA, an active investment agency, serving as a one- stop shop to assist businesses to obtain all the approvals and permits they require in the shortest time without delay. Keen observers are of the opinion that the Kaduna economic and investment summits have brought numerous investors to the state, which is tackling unemployment and will generate revenue against dependence on monthly oil allocations from Abuja.
The residents of Kaduna are reaping from investments efforts of the two previous summits (KadInvest 1.0, 2.0) which include: Olam Group feeds and hatchery worth, $150 million, the biggest in Sub-Saharan Africa which is located in Chikun local government area of the state commissioned by President Muhammadu Buhari, last year. The Olam Feeds factory has offered over 2,000 direct jobs and thousands of indirect jobs to youths and other professionals in the state. Another gain was the housing projects $100m, Vicampro potato (French Fries) processing plant $120m located in Manchok, Kauru local government area of the state. Other investments are the neighbourhood centres and ultramodern markets $40m, Mahindra Tractor Assembly plant $20m, Sun Seed $10m,Tomato Jos $10m, Kad ICT Hub $5m, Blue Camel Energy $200,000; among others. This year’s 3rd edition of KADInvest 3.0 which held on the April 4 and 5 in Kaduna facilitated discussions and cross cutting networks between investors, policy makers and entrepreneurs to find ways to effectively leverage and mobilise their respective comparative investment advantages towards accelerating the state’s development. Also, the summit provided new opportunities for the state on its path to industrialise and create opportunities for job creation for the state’s fastest growing youth population.
The summit also prepared the ground for potential investments and articulating opportunities across priority sectors deemed critical to the state’s economic growth as well as empowering and incentivising entrepreneurs, industrialists and investors (both local and international) through the continued provision of an enabling environment and ease of doing business with the main focus of job creation. Many investors have noticed the strategic location of Kaduna which is two hours’ drive away from Abuja, the Federal Capital of Nigeria. They further observed that access to and fro Kaduna has been enhanced by recent investments in transport and logistics infrastructure. Flights to and fro the recently renovated Kaduna International Airport offer local and global connections just as the Kaduna Inland Dry Port enables import and export business, while a growing road and rail network enable access to Kaduna city and other parts of the state. Welcoming participants from all works of life at the Murtala Square, venue of the twoday summit, Kaduna State governor, Nasir elRufa’i, who was the host of KADInvest 3.0, provided an update on the state’s development plans and investment priorities. el-rufa’i said the state government conceived KADInvest as a platform to demonstrate the commitment to attracting investments as the most sustainable avenue for job creation, enhance internal revenue generation and accelerate development “We were elected on a platform of change, and we promised that we will make Kaduna great again and improve quality of lives of the good citizenry.
We shall not relent in fulfilling our promises. To this end, we embarked on a five year plan to move the economy of the state. We developed the plan on consultation with the people, premised on economic development and social welfare. Our hope is that by 2020, Kaduna will be the next economic destination. “KADInvest has enabled us to connect with investors and development partners, showcasing the human and natural resources that abound in the state, and the policy environment we have created to anchor our business-friendly ethos. “The Olam poultry project, which was commissioned by President Muhammadu Buhari in September 2017, is one of the most visible examples of investors responding to our fundamentals.
#“We continue to steadily implement innovations showcased at previous editions of KADInvest, especially the state development plan, the tax consolidation and codification code, and the development of a digital land registry. All our agencies are mindful of their responsibility to implement the ease of doing business charter. “At KADInvest 3.0, we shall be presenting the long term infrastructure master plan for Kaduna State, designed to guide the coordinated development of critical infrastructure across the state, from 2018 to 2050,” the governor said. In his goodwill message personally signed by President Muhammadu Buhari and sent to the summit, commended Kaduna State government for attracting significant foreign direct investment worth billions to the state. He said the foresight of the Kaduna State government to initiate the summit and ensure that it is more than a talk shop was commendable.
Buhari said the federal government was encouraging similar initiatives across the sub national level to create jobs and prosperity for the people, stressing that the implementation of the economic recovery and growth plan (ERGP) requires significant investments by the government and the private sector to build infrastructure and diversify the economy. Buhari noted further that as the nation prepares regulatory and inspectorate agencies for the new demands, the federal government is actively supporting the states to transform the sub national sector into a part of the national economic plan “I wish to congratulate the government and people of Kaduna State on the occasion of the third Kaduna economic and investment summit, KADInvest 3.0. I has been a great pleasure to witness the concrete and productive outcomes arising from KADInvest since the first edition in 2016. “It was a proud moment for me to commission the Olam Hatchery and Feed Mill project in September 2017, the ground breaking ceremony of which was performed a day after the first KADInvest in 2016.
The successful take- off and delivery of that project in record time demonstrated the potential of our state governments to attract significant foreign direct investment. “Consistent with this goal, the federal government is pushing forward an aggressive plan to make it easier to do business in Nigeria. Key agencies are committed to milestones and measure to reduce waiting times for government approvals and remove as many impediments to business as we can safely and prudently do. “Initiatives like KADInvest demonstrate that our state governments are responding actively with creative investment drives. “I note with pleasure, the progress Kaduna State is making with digitising its land registry to make it easier to secure valid titles and the success in doubling its internally generated revenue. It is my hope that KADInvest 3.0 will be as productive and as supportive of our national investment drive for prosperity,”
Buhari said. Also speaking at the summit, the Ooni of Ife, Oba Adeyeye Ogunwusi, urged investors to invest in Kaduna for socio economic development of the state and the north. “It is great honour and privileged to be here in Kaduna today. Kaduna is the most blessed state in the entire black race and I have facts. Kaduna has the largest land mass in the country. We have very energetic and vibrant youths in Kaduna State. There is something about Kaduna, every youth of northern Nigeria look to Kaduna for greener pasture,” the Ooni of Ife said.
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