INVESTMENT OPPORTUNITIES

Posted by on 1/30/2003 1:38:27 PM |

INVESTMENT OPPORTUNITIES

General Economic Climate: Immense opportunities exist to attract potential investors to Kebbi State. These are in the form of incentives offered by the state government and the State Investment Company. They include provision of advisory services on investment opportunities, provision of land and tax relief of up to 100 percent for a period of five to seven years for enterprises with pioneer status and those located in disadvantaged areas of the state respectively.

For manufacturing enterprises utilizing local resources, thirty percent tax concession for five years is given. Other incentives include twenty percent tax concession on infrastructure deductible only once as well as fifteen percent tax , concession for enterprises carrying out inplant training. Industrial layouts are served with basic services such as roads, electricity and communication facilities have been designated in the state capital to encourage industrialists to come and tap the resources of the state.

Industrial Potentialities: Kebbi state is endowed with abundant natural resources and has potentials for industrial development (Appendix VI). In the field of agrobased industries, potentials exist for the establishment of tomato paste, fruit juice, starch, animal feeds, flour milling, chemicals (for leather processing), hides and skin and fish canning industries among others.Potentials also exist for mineral based industries. These include the production of gem and decorative stones, ceramics, pharmaceutical, bricks, tiles and glass.




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