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Kaduna Investment Promotion Agency Law, 2015

Country/Territory
Nigeria
Territorial subdivision
Kaduna
Document type
Legislation
Date
2015
Source
FAO, FAOLEX
Long title
A Law to establish the Kaduna Investment Promotion Agency and other matters connected therewith.
Subject
Agricultural & rural development
Keyword
Agricultural development Business/industry/corporations Capacity building Fiscal and market measures Governance Subsidy/incentive Institution Public participation
Geographical area
Africa, North Atlantic, Western Africa
Abstract

This Law establishes the Kaduna State Investment Promotion Agency and grants it legal personality. The Agency is charged with initiating, promoting, facilitating and coordinating investments in the state through Greenfield, public private partnerships, privatization, commercialization of state owned assets, among others. The Law provides for the composition and administration of the Agency. It provides for the composition of the Board and its functions which includes: to promote policies and transparent procedures that enable the government to work with potential investors and business partners to develop the natural resource base and assets of the state; to develop appropriate institutional and regulatory framework for investment promotion and facilitation in the state; to articulate clear growth strategies for providing needed support and appropriate incentives to grow the local private sector and enlarge the economic base of the state in line with the priorities of the state; to develop and implement a comprehensive strategy and action plan to attract and facilitate new investments in the state; and to foster sustainable economic growth and create job opportunities for the residents of the state. Among other things, the Agency is charged with advising and conducting risk or benefit assessment that will assist the government on the implementation of all projects and programmes in the state investment promotion strategy and advise and assist the government in creating an attractive and competitive climate for business that will lead to robust economic activities in the state.

Full text
English