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Agency to promote investments in Kaduna

01 December 2015, 11:51Augustine Osayande

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 (KADIPA). 

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.

Also Read: Mobile services to Kaduna set for improvement

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 million. 

- CAJ News


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