President Muhammadu Buhari, former Tanzania President, Dr.Jakaya Mrisho Kikwete, and Ooni of Ife, Oba Adeyeye Babatunde Enitan Ogunwusi Ojaja II, have commended the Kaduna State government for attracting significant foreign direct investments worth billions into the state. In a goodwill message personally signed by President Buhari in honour of the third Kaduna Economic and Investment Summit (KADInvest 3.0), the President said the foresight of the Kaduna State government to initiate summit and ensure that it is more than a talk shop was commendable.
According to the President, the federal government is 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 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. He said 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. It thas 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.” Also speaking at the summit, the Ooni of Ife, Oba Adeyeye Babatunde Enitan Ogunwusi Ojaja II, urged investors to invest in Kaduna State for socioeconomic development of the state and the northern part of the country. He described Kaduna as the most blessed state in the entire black race.
According to him, 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. Also, former President of Tanzania,Jakaya Kikwete, who shared his investment experience as Minister of Finance, Foreign Affairs and President of Tanzania for a period of 10 years, said investors like to come to a place where the laws governing business engagement are favorable. The former Tanzania President said there is no development without electricity, good roads. “The biggest incentive to investment is infrastructure. I encourage the Governor Nasir El-Rufai to continue with the good work but also take interest in Business Reports to keep tap with the good work. There is no progress without investment,” he said. On his part, governor Nasir El-rufai, 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.