Kano Signs $4bn Contracts With 10 Firms

us businessA grinder is used to smooth the edges of pieces of steel used in lighting fixtures at Kevin Reilly Enterprises in Montgomery, Alabama, U.S. Photographer: Dave Martin
  • Kano Signs $4bn Contracts With 10 Firms

The Kano State Government on Wednesday signed a number of contracts worth over $3.98bn with 10 local and foreign investors as the fallout of the second Kano Economic and Investment Summit.

Briefing stakeholders, after signing the contracts to wrap up the two-day summit, the Kano State Governor, Abdullahi Ganduje, said, “Kano used to be a city; but we want it to become a mega city, a place where things are working; where services are working, electricity is available, without interruption and is adequate for industries; and adequate for private consumption.

He gave a list of the companies as Brains and Harmers, N165bn; Multivision Nigeria Limited, N2bn; Milestone International, $630m; Blackrihino and Dangote Consulting, $150m; Broadbased Nigeria Limited, $200m; Eighteenth Engineering company, $1.8bn; and Arewa Solar PV Synergy, $150m;

Others are Shara Dukiya Nigeria Limited, $100m; Dangote Rice, $830m; and Qingdao St Meer Solar Energy International, $120m.

“A mega city is a city, where transportation system is efficient, a mega city is a place where industrial development is optimum, so that there will be a minimum level of unemployment,” the governor added.

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Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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