9 May 2014

Nigeria: Kogi State Lures Potential Investors at WEF

Lagos — KOGI State Governor, Idris Wada, is making the most of the World Economic Forum on Africa to attract foreign and international investors into the State.

He urged the potential investors to take advantage of the conducive business climate to explore opportunities.

Wada, speaking at the World Economic Forum in Africa on Friday, said that the state had outlined a number of incentives ranging from tax holidays, quick and easy access to land and provision of labour.

According to him, the state is prides itself as a confluence city where the Benue and Niger Rivers converge.

It has enough natural resources that can be tapped for the development of Kogi State and Nigeria as a whole, he said.

The governor explained that the convergence of the two rivers provided the state with a coastal environment that should be exploited appropriately by investors.

"We also boast of fertile land for the production of rice and other plants that require water to grow," Wada said.

He added that the state, popularly known as the Confluence State, had set aside massive industrial area for the production of agro-based items.

The governor said investors must cash in on the location of the state and the presence of numerous solid minerals to invest in the state.

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