The Kogi state Governor, Idris Wada, has urged both local and foreign companies to take advantage and invest in the cosy business climate in the state.
Gov. Wada while making the call at a round table business meeting organised by the Nigeria Investment Promotion Commission (NIPC) in Abuja, said the state had outlined a number of incentives ranging from tax holiday, access to land and provision of labour.
According to him, the convergence of two main rivers Niger and Benue in the state distinguished and provides a coast environment that should be exploited.
He said: “We also boast of fertile land for the production of rice and other plants that required excess waters to grow.’’
In the commitment to further boost agriculture, the chief executive said the state had set aside massive industrial area for the production of agro based items.
He said the investors must cash in on the location of the state and the presence of numerous solid mineral to invest in the state.
Minister of Trade and Investment, Mr Olusegun Aganga in his remarks at the event expressed delight on the platform provided by NIPC to bring together potential business groups that were willing to invest in the country.
Aganga said the country was the number business destination in Africa, adding that the 36 states of the federation including Abuja were virgin lands to grow all kinds of businesses.
He said Nigeria was one of the few countries in the World that allowed transfer of profits made in the country to companies’ homelands.
Aganga explained that the numerous available incentives were essentially introduced to encourage industrialisation of the country.
“The government is aware of the need to create growth that would impact on the standards of living of its peoples. We are therefore committed to encourage all legitimate enterprises that could reposition the country to be able to cater for its huge population,” he said.
