Kaduna State has attracted over $3.2 billion in foreign investment commitments and mobilised more than ₦1 trillion in domestic capital within three years, according to a new report by the Centre for Kaduna Economic Renewal (C4KER). The non-governmental organisation described the development as an unprecedented economic turnaround for the north-western Nigerian state.
In a statement on Saturday, C4KER Chairman Umar Mohammed said that since May 2023, the state has secured over 27 major company investments and Memoranda of Understanding. He noted that ten projects are already operational or under construction, with six additional high-value deals at an advanced stage.
The investment portfolio spans several strategic sectors, including energy, agriculture, solid minerals, and urban infrastructure. Flagship projects cited include a $350 million hydrogen and power initiative, a $150 million Smart City pipeline, a $120 million greenhouse agro-industrial project, and a $450 million Nigeria–China agricultural programme. Other significant deals involve a $50 million soybean refinery, a $20 million premium seed development project, and a $300 million solid minerals investment pipeline, alongside sovereign and development finance inflows exceeding $100 million.
The Centre highlighted that several agreements have moved into implementation. These include operational compressed natural gas (CNG) and liquefied natural gas (LNG) infrastructure in Kakau, progressing lithium processing facilities, and expanded agro-industrial ventures under the federal Special Agro-Industrial Processing Zone framework.
Separately, C4KER credited reforms at the Kaduna State Internal Revenue Service (KADIRS) for boosting Internally Generated Revenue (IGR). The state’s IGR rose from ₦62.48 billion in 2023 to approximately ₦71 billion in 2024. The Centre projects this trajectory will position Kaduna as the highest IGR-generating state in Northern Nigeria, with an annual target of ₦100 billion to ₦120 billion.
“A decade of economic drive has been compressed into less than two years,” the Centre stated, asserting that Kaduna has shifted from investment scarcity to measurable capital visibility under the current administration. The reported figures position the state as a growing hub for both international and domestic capital in Nigeria’s northern region.
