Kaduna State Government plans to commit over N29.6 billion to power supply, agriculture and rail transport.
The State Governor, Nasiru El-Rufai made this known at the opening of the Kaduna Economic and Investment Summit.
Governor El-Rufai unveiled a five years economic development plan for the State which includes capital projects that would have direct impact on the masses.
He said part of the projects captured under the state’s 2016 budget was the construction of a rail line for Kaduna metropolis under which the government would commit N10 billion.
“We are using the N10 billion that every state got from the excess crude account 20-year loan at nine percent interest to build this important project,” the governor stated.
El-Rufai also announced plan by the government to commit five billion naira to complete the 30 megawatt Gurara Power Plant, to provide reliable electricity to Kakuri industrial estate.
“In addition, we are collaborating with the Nigerian Government to take over and complete the 250 megawatt Kudendan Power Plant. We borrowed seven point five billion naira from the CBN Power Intervention Fund to finance the project,” he said.
On agriculture, the governor said the administration would plough funds into rice, ginger, sorghum and maize production.
According to him, five billion naira would be injected to triple ginger production in the state and over two billion naira for rice production.
He said that rice farmers would be offered an interest free loan to boost production with the loan secured from CBN at one percent interest.
The governor assured investors of his administration’s commitment to provide security and ensure harmonious coexistence among the people for businesses to thrive.
“The government will grant investors access to land within 30 days, the administration will inject over two billion naira to computerise its land registry, to make access to land titles easier,” he assured
The Governor also enumerated efforts made by his administration to strengthen tax system, education sector, and other key areas of social and economic development.