How Uba Sani attracted $3.2bn investments in under three years - Centre
The Centre for Kaduna Economic Renewal (C4KER) has declared that Governor Uba Sani attracted over $3.2 billion in foreign investment commitments and mobilised more than ₦1 trillion in domestic capital
The Centre for Kaduna Economic Renewal (C4KER) has declared that Governor Uba Sani attracted over $3.2 billion in foreign investment commitments and mobilised more than ₦1 trillion in domestic capital in less than three years, describing the development as an unprecedented economic turnaround for the state.
Speaking at a media conference on Saturday evening, Chairman of the Centre, Umar Mohammed, said that since May 2023, Kaduna State has secured over 27 major company investments and Memoranda of Understanding (MoUs), with 10 projects already operational or under construction and six additional high-value deals at advanced stages.
According to him, the investment portfolio spans strategic sectors including energy, agriculture, solid minerals, and urban infrastructure.
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He listed key projects to include a $350 million hydrogen and power initiative, a $150 million Smart City pipeline, a $120 million greenhouse agro-industrial project, a $50 million soya-bean refinery, and a $450 million Nigeria–China agricultural programme.
Others, he said, include a $20 million premium seed development project and a $300 million solid minerals investment pipeline, alongside sovereign and development finance inflows exceeding $100 million.
The Centre noted that several of the projects have progressed beyond agreements to implementation. These include operational CNG/LNG gas infrastructure in Kakau, advancing lithium processing facilities, and expanding agro-industrial ventures under the Special Agro-Industrial Processing Zone framework.
On the fiscal front, C4KER credited reforms at the Kaduna State Internal Revenue Service (KADIRS) for significantly improving Internally Generated Revenue (IGR), which rose from ₦62.48 billion in 2023 to about ₦71 billion in 2024. The Centre said the trajectory places Kaduna as the highest IGR-generating state in Northern Nigeria, with projections targeting between ₦100 billion and ₦120 billion annually.
“A decade of economic drive has been compressed into less than two years,” the Centre stated, insisting that Kaduna has transitioned from investment scarcity to measurable capital visibility under the administration of Governor Uba Sani.
