Be Assured of Safety of Your Investment in Karu Local Government Area- Hon. James

 

The Executive Chairman of Kàru Local Government Area Council, Hon. James B. Thomas 

Be Assured of Safety of Your Investment in Karu Local Government Area-  Hon. James

... Processing Plant to be Sighted in the State for the Benefit of the People

The Executive Chairman of Kàru Local Area of Nassrawa State, Honourable. James B Thomas has assured investors of safety and maximum security in Karu local government area of Nassrawa State.

Why speaking with mediamen, Hypenews reporters on the second day of the Nassrawa investment summit,

 The summit which was held in Lafia, the Nasarawa state capital brought together stakeholders, policymakers, industry leaders and investors from local, national and international spheres for the second time. It is a build-up of the success of the inaugural Nasarawa Investment Summit which was held in 2022.

Theme: ‘The Nasarawa Industrial Renaissance’ with infrastructural development as the cornerstone.

He said, the state is blessed with several natural mineral resources, oil and gas. The Governor his Excellency, Gov. Engr. Sule has asked investors to bring the processing plant to the state, as this will benefits it's people for economic stability and prosperity.

Hon. James, however assured investors of safety and high return of investment in his local government and the state at large. 

He highlighted some steps the state government has taken to protect investments as three memorandums of understanding on the lithium and gas value chain, the Nasarawa Renewable Energy in collaboration with the Nigerian National Petroleum Company Limited (NNPCL) and the development of the Compressed Natural Gas (CNG) mainstream infrastructure with PowerGas with Nigerian National Petroleum Corporation Limited (NNPCL), Gas Aggregation Company of Nigeria (GACN), Nigeria Gas Marketing Limited (NGML). This brings to 6 deals in total signed at the Nasarawa Investment Summit 2024.

On the first day, which focused on the mining and agricultural sectors, deals on mining and agriculture projects worth over $200 million were signed. They comprise a gold project between Box More, Earth Metal and the Nasarawa state government in Uke development area of Karu local government area, a deal for lithium and zinc development in collaboration with Box More with the participation of African Finance Corporation and the Solid Minerals Development Fund (SMDF), rice and sugarcane production and processing in partnership with Lee group worth N200 million.

The second day of the Summit which is the Energy Business Roundtable focused on the oil and gas potential of the state and how the state government is working towards driving its utilization.

Day 1 recorded the launch of the Nasarawa State Gas Master Plan which is the state’s gas strategy document which will be implemented between the state government through the Nasarawa Investment and Development Agency, Axxela and the Gas Aggregation Company of Nigeria (GACN).

The Managing Director and Chief Executive Officer of the Nasarawa State Investment and Development Agency, Ibrahim Abdullah, said this year’s team, “The Industrial Renaissance”, reflects the aspirations of Nasarawa State to usher in a new era of industrial growth and prosperity, having built some of the key fundamentals required to fuel the ambition in the past years.

He noted that the theme underscored the state government’s recognition of the pivotal role that industrialisation plays in driving economic development, creating employment opportunities, and improving the quality of life for its citizens.

In his remarks, Governor Abdullahi Sule said organizing the 2024 Invest Summit will further expand the state’s existing pathways to leverage the industrial, agricultural and mining sectors towards enhancing inclusive and sustainable wealth creation and economic prosperity.

Governor Sule said his administration has been deliberate in stimulating the economy of the state, building human capacity, creating wealth and generating employment opportunities for the people.

“It’s for this reason that we have adopted our policy document christened the Nasarawa Economic Development Strategy (NEDS) as a driving force towards the initiation and implementation of the various programmes and policies which we have achieved so far,” he said.

He explained that the reason for choosing the theme for this year’s summit, deliberately coined ‘The Industrial Renaissance’ was because his administration has built some of the key fundamentals required to drive the industrial agenda and present other minerals to investors.

The Chairman, in conclusion, praised the Governor, Gov. Engr Sule,  for his visionary leadership in creating economic stability and prosperity in Nassrawa State.

HYPE.NEWS