President Buhari opens Katsina Economic Investment Summit May 9th

Katsina State Government north western Nigeria says it has designed packages to attract potential investors to the state, with the aim of becoming an industrial hub like Lagos and Kano.

In this regard, arrangements have been concluded for President Muhammadu Buhari to flag off a three-day Katsina State Economic and Investment Summit, with the theme: ‘’Unlocking Investment Potentials for sustainable development’’  from May 9 -11, 2016, “expected to open windows for investment financing in the over 140 potential companies in the state.”

The Chairman of the Economic Summit, Malam Ibrahim Tukur Jikamshi, at a media briefing in Kano said the event will focus on five priority areas, which includes, Agriculture, Solid Minerals, Power (Solar Energy) and Property Development and Hospitality.

 “It will witness the signing of business deals between investor within and outside the country”

“The Katsina summit will be the first place since inception of the recent government that the president will have one on one interface with investor’s community in Nigeria” Explained Jikamshi.

According to him, Katsina is endowed with numerous resources, ranging from the largest deposit of kaolin, sorghum, large sugar plantation for sugar production, cotton for the Textile Industry, 700, housing estates for real estate business, 5 international markets spread around the state.

Jikamshi equally said that Katsina, with 7 million population  who are mostly farmers, over 800, 000 hectares of available land among others is suitable for irrigation farming, which would afford investors the opportunity of exploiting such potentials.

“Katsina state is endowed with 61 water bodies, as well as six Water Dams to facilitate irrigation farming for improved cotton production, which would provide value chain, which interested investors, will tap from.” Affirmed the Chairman

While giving assurance of the implementation of the outcome from the summit and its sustainability, he also disclosed that Katsina State is a link to Trans-Saharan trade route via Niger Republic and some West Africa countries as such will serve as a link for international trade for the nation.

Among others, Katsina will provide an Amusement park for recreation, just as he also revealed that the state has large deposits of silicon for glass production.

He said the state is fully secured for participants in the forum as well as safe for investors since the state has no history of crisis or terrorism.

The event will have technical and breakout sessions to be chaired by notable personnel like the Central Bank Governor, Godwin Eimefele, Ahmed Tinibu, the President of ECOWAS Investment Bank among others.

Nnenna.O