Government agency attracts $500 million investment to Nasarawa – Blueprint Newspapers Limited

The Nasarawa State Investment Development Agency (NASIDA), said Thursday that it has attracted more than $500 million in investment to the state through its public-private partnership (PPP) initiatives. during the last years.

CEO of the Barr agency. Ibrahim Abdullahi said so during a press briefing in Lafia, the state capital.

He said the state has executed eight significant PPP business initiatives that have attracted more than $500 million in investments (domestic and foreign) in key sectors of the state’s economy under the responsibility of the agency to boost the state’s economy.

He said the establishment of NASIDA by the state government was a deliberate effort to create an enabling environment for the private sector and businesses to operate in the state, and so far in the past year since the start of the agency’s operations, investment in the state multiplied.

He revealed that the current administration’s investment campaign has also increased the internally generated income (IGR) of the state from N400 million to N1 billion per month.

Rod. Abdullahi explained that the state government chose the PPP policy and invited the private sector to join in the development of the state because it is the best manager of risk, capital and business, and that the result for the past year has been good.

The DG added that the agency has also attracted investments in the agricultural sector, particularly rice production, sugar production and cassava, among others.

“Still in the health sector, we have signed three PPPs with the private sector, notably at the Dahatu Araf Lafia hospital.

“We have also recently signed an agreement with BECOM energy for the construction of the Auta Balefi recycling plant, the project has attracted around N32 billion in domestic and foreign investment,” he said.

He said Governor Abdullahi Sule’s investment drive has put Nasarawa State on the global map of investment destinations due to the conducive business environment created by the current administration coupled with the peaceful nature of the state.

He therefore appealed to the people of Nasarawa State to support the agency in its efforts to boost the economy of the state.