Abuja - The Kaduna State Government is set to
establish an investment promotion agency and begin new initiatives to drive its
job creation agenda.
Government spokesman, Samuel Aruwan confirmed the
development after the weekly meeting of the Kaduna State Executive Council.
Aruwan disclosed that the Kaduna State Executive Council
had approved a bill to set up the Kaduna State Investment Promotion Agency
The Council noted that the All Progressives Congress
national manifesto commits the government to creating an enabling environment
for job creation with the private sector.
The Council also acknowledged that the Restoration
Programme of the Kaduna State APC specifically recommended that an investment
promotion agency be created to promote and facilitate investments.
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He added that the Council mandated KADIPA to actively
seek and create opportunities for increased private sector investments, and
serve as a catalyst and originator for viable ideas and projects.
Projects originated by KADIPA will be implemented by the
relevant ministry or agency.
Aruwan said the state is to commence implementation of
the Kaduna Start-up and Entrepreneurship Programme (KADSTEP).
KADSTEP is a practical approach to developing
entrepreneurs through capacity building and access to funding.
The programme is designed to help in the establishment or
expansion of up to 4 000 businesses
across the state.
This is expected to employ a minimum of 20 000 youths.
KADSTEP is a partnership between the Kaduna State Government,
the Bank of Industry and the Kaduna Business School (KBS).
KBS will train potential entrepreneurs and help
them develop bankable business plans which the BOI will fund to a maximum of N3
- CAJ News