Breaking News

Ease of Doing Business: Kano woos investors with land, tax incentives

By Kingsley Adegboye

KANO— GOVERNOR Abdullahi Ganduje of kano State has said the state government was ready to grant land and tax incentives to would-be investors in the state in order to revolutionise agriculture and promote investments in various sectors.

Ganduje, who disclosed this at the 2017 Annual General Conference of the Nigerian Bar Association (NBA) in Lagos, with the theme: “African Business: Penetrating through Institution Building”, spoke at the Showcase Session of “Investment Opportunities in Kano State.”

Kano State Governor, Abdullahi Ganduje

He said “We have decided to make land acquisition very easy and speedy. A lot of red-tapism and a lot of bureaucracies and we decided to replace that ministry with the Bureau for Land Management. Kano is working to boost both the nation’s economy and the nation’s Gross Domestic Product (GDP)”.

Ganduje, who noted that President Muhammadu Buhari was doing a lot to tackle insurgency in the North East and succeeding, added that Kano State government had made huge investments in securing lives and property in the state through procurement of vehicles, communication gadgets and trackers to check insecurity.

“Kano State curently enjoys very peaceful atmosphere that would encourage any serious local and foreign investor to come to the state and derive the benefits of the efforts made so far by the state government in the area of security. Economic and social activities are now going on in all the 44 local government areas of the state without any hindrance,” Ganduje said.

“The state is not a good place for Boko Haram, kidnappers, armed robbers, rappers, cattle rustlers and other peace disturbers. Peace and tranquility are some of the key words that project Kano State as excellent location for investors to invest”, he said.

The governor said that the state had the largest forest reserve in the country and to prevent terrorists hijacking the space, the state government had converted the forest into a military training ground.

Ganduje explained that Micro, Small and Medium Enterprises sector was strong and diverse, with an estimated 1.6 million businesses and enterprises across all economic activities that contributed about 70 per cent output and employment.

He listed some resources of the state being worked upon to restore the state back to its former glory as one of the leading economies in Africa to include textiles and apparels, plastic and rubber, paper and paper products, leather, food and beverages and basic industrial products.

The governor said that the state’s huge population of about 15 million people provided market opportunities, in addition to a history of contact with strategic markets in West, Central and Northern Africa, the Arabian Peninsula, Europe and the Far East.

Ganduje said that he had strengthened the legal system he met in the state to deal with issues of economic crime, pointing out that the state had computerised land operations to remove bureaucracy in the process of land acquisition and processing of documents, saying that, the state also offered some other free incentives.

“We have recently given free land and tax/levy reliefs to some new companies, notable among them are Black Rhino/Dangote Group, which will construct 100MW Solar Plant at the cost of 150 million dollars,” he said.

Ganduje said that St Meer International Investment and Management Company, would invest 120 million dollars to finance a similar project in the state.




Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.