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Kano Business Community Solicits FG’ s Support

By: Abdullahi Jalaluddeen 

The Kano Business Community has solicited for more federal government interventions and support on the Business Sector with the aim of enhancing the nations economy.

The Chairman Kano Business Community Alhaji Sabiu Bako Disclosed this during a Town Hall Meeting Organized by the Honourable Minister of Information and National Orientation Alhaji Mohammed Idris,held at Bristol Palace Kano.

He said, the Kano Business Community were facing a lot of challenges which has made a negative impact on the development of the Nations Economy.

Alhaji Sabiu Bako noted that Kano Business Community were not aware of a lot of the intervention programs initiated by the Tinubu’s led Administration.

He appealed to the federal government to ensure that the Business Community Accessed the initiated interventions with the aim of enhancing businesses.

“We are calling on Mr President to expedite action in restoring adequate power supply, completion and utilization of AKK pipe gas line ,ensure that programs and inventions meant for boosting farmin reached the target groups.”

Earlier, the Minister of Information and National Orientation Alhaji Mohammed Idris said they were in Kano to rub minds with the Kano Business Community with a view to fine tune modalities of reviving the Business Sector and the Economy .

He said, under the Renewed Hope Agenda, the Central Bank is determined to focus on its core mandates of price stability and financial system stability, for the benefit of all Nigerians.

“Establishment of a Presidential Fiscal Policy and Tax Reform Committee to reform the tax system while also reducing the tax burden on Nigerians.”

Alhaji Mohammed Idris noted that the President Bola Ahmed Tinubu-led administration has attracted $30 billion in Foreign Direct Investment (FDI) commitments into the real sectors of the economy, since the assumption of office.

“These investment commitments—covering various sectors, including Manufacturing, Telecoms, Healthcare, Oil and Gas, and others—are already being realized.The Nigerian economy grew by 3.46% (year-on-year) in Q4 2023, compared with 2.54% in the preceding quarter; a better performance than anticipated.

Capital Importation into Nigeria was up 66% in Q4 2023, compared with Q3 2023, reversing a 36% decline in the previous quarter.”

The Minister added that President Tinubu’s new Oil and Gas policy reforms program will, when implemented: Generate a billion cubic feet per day additional gas supply, create 2.3 million jobs, and boost GDP by $17 Billion Compress Nigeria’s oil and gas contracting cycle from 38 months to <6 months New tax incentives being implemented have the potential to attract up to $10 Billion in new oil and gas investment New Presidential Policy Directive will bring down operating costs for oil and gas operations in Nigeria.

 

ABDULLAHI JALALUDDEEN KANO

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