AfriPulse
The Adamawa State Government has announced plans to establish a Free Trade Zone and an Industrial Park as part of efforts to boost investment, create jobs, and drive economic growth.
Governor Ahmadu Umaru Fintiri approved the initiatives through the Adamawa State Investment Promotion Agency (ADIPA). The government also disclosed that preparations are underway for the maiden Adamawa Investment Summit, which will serve as a platform to showcase the state’s economic potential to local and international investors.
Speaking on the development, the Executive Secretary of ADIPA, Halilu Hammawa, said the agency is committed to transforming Adamawa into an investment hub.
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“Our vision is clear and ambitious. Over the next few years, we aim to attract at least 20 new investment projects, mobilize $1 billion in capital inflows, and create 2,500 direct jobs,” Hammawa said.
He listed agribusiness, livestock, renewable energy, solid minerals, and industrial development as priority sectors for the government, stressing that Adamawa is ready to move “from potential to prosperity.”
The government believes the projects, alongside the upcoming investment summit, will reposition Adamawa as a leading destination for trade and industrial activities in Nigeria’s Northeast.
Source: DailyTrust | Read the Full Story…
