Kaduna State Secures $3.2bn Investments Under Uba Sani
Governor Uba Sani of Kaduna State has successfully attracted $3.2 billion in foreign investments within a three-year period, as reported by the Centre for Knowledge and Economic Research (C4KER). During a media conference on Saturday, Umar Moham, the chairman of C4KER, highlighted that 27 major companies have signed memoranda of understanding (MOUs) for 10 projects, with six already under construction.
The investment portfolio encompasses strategic sectors such as energy, agriculture, solid minerals, and urban infrastructure. Notable projects include a $350 million hydrogen power initiative, a $150 million smart city pipeline, a $120 million greenhouse agro-industrial project, and a $450 million Nigeria-China agricultural program.
The report also noted that Kaduna's internal revenue generation (IGR) has significantly improved, rising from ₦62.48 billion in 2023 to a projected ₦71 billion in 2024, positioning Kaduna as the highest IGR-generating state in Northern Nigeria.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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