Niger Gets N200b Investment For Industrial Park

By March 9, 2018 Investment News

A private investment company is set to invest N200 billion for industrial parks and airstrip in Niger State, with the state providing 524 hectares of land for it. The company; Mainstream Energy branch, Hydropolis Nigeria Limited, is to invest on the 524 hectares of land for the project, which would be located in Kainji, Borgu local government area of the state.

The state commissioner for Commerce, Investment and Cooperatives, Hon Mudi Muhammad, who spoke yesterday during the presentation of four hilux vehicles to the state for effective monitoring of the project, said the Industrial Park will have recreation centres, air strip, golf course, private university, among others.

In order to encourage investors to the state, the commissioner disclosed that tax holidays and other incentives will be granted to new investors and therefore expressed optimism that the Industrial Park would drive employment for the teeming unemployed youths in the state. He added that it would also boost the economic sector in the state, saying that the investment will be in full capacity in 10 – 15 years valued at N200 billion and to serve as a prelude for other investors to invest in the state.

The Project Coordinator of Hydropolis Investment Limited, Mariam Usman, said they have acquired 20 hectares of land to resettle the affected four villagers in Anfani, adding that the organisation has gone a long way in building social amenities that will make life comfortable for the moving villagers. She said the project would include building of industries and residential while other commercial and economic activities will take place.


Source: Leadership