Investment opportunities in Kano State

Kano State, like its counterparts, is endowed with mineral resources, which abound at its numerous dams and rocks. The mineral deposits consist of columbite, tin, lead antimony, clay, silica, sand copper and zinc. They are found at Eastern sections and Riruwai. The states vast mineral deposits offer investors the opportunity of venturing into machine tools manufacture and related industrial activities.

Apart from the abundance of mineral resources, the state has the potential of engaging in all-year-round farming. This is practicable because of the existence of over 180 dams to facilitate irrigation and the availability of over 90, 000 hectares of under-cultivated land.

The state, in its effort to boost agricultural production, focused attention on the supply of various grades of fertilizer to farmers. The state administrator has on several occasions  been involved indirect supervision of fertilizer distribution to farmers to ensure proper and equitable distribution to those who most need the product.

To ensure regular distribution of fertilizer to farmers, the State administrator inaugurated a fertilizer committee and charged it with the responsibility of ensuring that at least 80 per cent of the States fertilizer allocation is delivered to LGAs for distribution. The committee is also expected to liaise with the Local Government Fertilizer Distribution Committee for effective co-ordination.

To date, Kano State ranks among the first 10 states in the Federation that serve as the food basket of the nation .

Foreign Settlers

Kanos relatively peaceful conducive business environment is largely responsible for the concentration of foreigners in the state some of whom have established industries.

Prominent among the foreign settlers are the Lebanese who have established chains of industries, ranging from soft drinks factories to vegetable oil mills.

Industrial Development

The meaningful economic growth of Kano state constitutes the pivot of its governments policy on commercial and industrial activities. Consequently, priority is accorded to the completion of abandoned viable projects. Therefore, government has ensured the completion of the Sharada Small-Scale Industrial Estate, the reactivation of the Jogana Barbed Wire and Nails Company. The Jogana Company now accepts contracts from nail dealers who bring in their raw materials to be turned into nails at an agreed sum. As a boost to small-scale industries and in recognition of the vital role they play in the socio-economic growth of a nation, the state government has designated a piece of land at Zaria Road in Kano as the proposed site for Phase II for the Small-Scale Industrial Estate.

The ministry also set up an internal committee on Kano State Industrial Policy, which has already submitted its report. Arrangements have reached an advanced stage for the establishment of a Technology Business Incubator (TBI) centre in the state one of the three in the Federation. The TBI project is jointly financed by the United Nations Development Programme (UNDP) and the Federal and state governments. The centre is expected to incubate small technology based business t hatched into medium/large viable, better-performance industries. Already, a spacious storage facility has been obtained at the Kano Co-operative Federation premises. A wide range of incentives to woo the international community to invest in the State also form part of the governments strategy to encourage rapid development.

Please call +064 634253, the office of the chief press secreatry to governor for further information.