Kano counters NBS, says state attracted $22m in Q1 2025
Kano State has disputed the Nigerian Bureau of Statistics (NBS) report, claiming it attracted $22 million in foreign direct investment (FDI) in the first quarter of 2025. The NBS report had stated that only seven states recorded foreign investment during this period, with Lagos and Abuja leading the list.
However, Kano's Director General, Muhammad Nazir Halliru, asserted that the state received significant FDI primarily in renewable energy projects like Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG). Halliru criticized the NBS for relying on inaccurate data and failing to consult with the state before releasing the report.
He emphasized Kano's commitment to creating an enabling environment for investors and announced plans to unveil an Investment Strategic Plan targeting $10 billion in investments over the next five years. Governor Abba Kabir Yusuf's administration aims to support existing investments and attract new ones to the state.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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