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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Kebbi rolls out new investment reforms, executive orders

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Kebbi State in Nigeria is implementing investment reforms and executive orders to attract local and foreign investors.
  • The Kebbi State Investment Promotion Agency (KIPA) is working to create a transparent, investor-friendly business environment aligned with national reforms.
  • Reforms focus on improving property registration, land investment processes, and regulations for private investment in fibre-optic infrastructure.

Kebbi State in Nigeria is actively working to boost its investment appeal through a series of reforms and executive orders. The Kebbi State Investment Promotion Agency (KIPA) aims to reposition the state as a hub for economic growth with a more efficient, transparent, and investor-friendly business climate.

KIPA has set a clear direction toward building a competitive, transparent and investment-ready economy driven by systemic reforms, strategic partnerships and innovation.

โ€” Dr Muhammad KambaThe Director-General of the Kebbi State Investment Promotion Agency, explaining the agency's roadmap.

KIPA has outlined a clear strategy for developing a competitive and investment-ready economy. This involves systemic reforms, strategic partnerships, and innovation. The agency is collaborating with various government bodies and receiving technical support from the Nigeria Governorsโ€™ Forum. These efforts align Kebbi State with national business reform initiatives, particularly those under the Presidential Enabling Business Environment Council (PEBEC) framework.

The reforms target key areas that impact business operations. These include enhancing the efficiency of property registration and ensuring the sustainability of land-based investment processes. Additionally, the agenda strengthens regulations for private investment in fibre-optic infrastructure, establishes an effective Public-Private Partnership framework, and aims to improve transparency in government fees and procedures.

PEBEC is implementing systemic reforms across critical sectors, including improving the efficiency of property registration and ensuring the sustainability of land-based investment processes.

โ€” Dr Muhammad KambaDescribing the alignment of Kebbi State's reforms with national initiatives.

Further initiatives include clarifying levies on interstate trade and exporter certification, simplifying the local business tax regime, and expediting the resolution of commercial disputes. Institutional governance is also a central focus. Executive Order No. 04 of 2023 provides a framework for responsible agricultural investments, while Executive Order No. 05 of 2023 simplifies administrative procedures across government institutions to improve the ease of doing business.

Institutional governance remains at the heart of our reform agenda. Executive Order No. 05 of 2023 institutionalises simplified administrative procedures across MDAs to enhance the ease of doing business in Kebbi State.

โ€” Dr Muhammad KambaHighlighting the importance of governance reforms and a specific executive order.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.