The Kaduna State Government has said that its investment drive and reforms, which were launched in 2015, have attracted actual investments and pledges worth over $4.3 billion (about N1.86 trillion) in the last six years.
Malam Khalil Nur Khalil, Executive Secretary of Kaduna Investment Promotion Agency (KADIPA), stated this ahead of the seventh edition of the Kaduna Economic and Investment Summit (KadinVest 7.0) which starts next Thursday.
He said KadInvest, which had been an annual event since 2016, was an important platform in the state’s investment drive.
Khalil announced that KadInvest 7.0, which will hold from October 13 to 15, 2022, with the theme: ‘’Building a Resilient Economy”, would be attended by several domestic and foreign companies.
He also listed African Natural Resources and Mines Limited and Tomato Jos Limited as some of the companies that KADIPA had attracted to the state.
He noted that, “Even with the impact of the COVID-19 pandemic on the world, with economic activities slowing down considerably, Kaduna had since 2021 managed to attract over $900m worth of actualised investments.”
Khalil pointed out that the investments were both Domestic Direct Investment (DDI) and Foreign Direct Investment (FDI), like Zipline, a company delivering medical supplies to hard-to-reach places using drones.
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