The Kano state government has revealed that the state attracted over $150 foreign direct capital last year.
According to the state’s Director-General, Investment Promotion Agency, KANINVEST, Muhammad Nazir Halliru, the investment in local currency amounted to over N204 billion.
He also noted that the state target is to ensure that it received over $5 billion within the next five years.
Halliru who spoke during the 60th anniversary of the Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN held in the state’s capital at the weekend, disclosed that areas which attracted foreign investments include, renewable energy, comprising Liquified Natural Gas (LNG) and Compressed Natural Gas (CNG) programmes, among others.
Apart from these areas, the state investment boss said the transportation and agricultural sector also got the attention of foreign investors, adding that there are many investment opportunties in the state capable of attracting foreign investors.
“Kano is a country within a country. Its GDP is more than what you can find in Liberia, Niger, Chad and other sub-African countries.
“We have big markets that run on millions of naira turn over in a day. We have markets like Dawanau grain market, Kwari textiles market and Sabongari market among others,” Halliru stated.
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