Kano Attracts ₦204 Billion in Foreign Direct Investment in 2025

Kano State attracted approximately ₦204 billion in Foreign Direct Investment (FDI) during the first quarter of 2025, emerging as one of Nigeria’s leading destinations for investment outside the oil-producing states.

The disclosure was made by the Commissioner for Investment, Commerce, Industry and Cooperatives, Shehu Wada Sagagi, during a stakeholders’ engagement on investment and economic development in Kano.

According to the commissioner, the investment inflow reflects growing investor confidence in the state’s economic policies, business environment and ongoing reforms aimed at attracting both local and foreign investments.

Sagagi attributed the achievement to the efforts of the administration of Governor Abba Kabir Yusuf in creating an enabling environment for businesses through infrastructure development, economic reforms and investment-friendly policies.

He noted that Kano’s strategic location, large consumer market, commercial heritage and expanding industrial base continue to position the state as a preferred destination for investors seeking opportunities in Northern Nigeria.

The commissioner explained that the government has intensified efforts to strengthen public-private partnerships, improve ease of doing business and support industrial growth as part of broader plans to stimulate economic expansion and job creation.

He added that the state government remains committed to attracting more investments capable of driving industrialisation, increasing revenue generation and creating sustainable employment opportunities for residents.

Stakeholders at the engagement described the investment figures as a positive signal for the state’s economy and expressed optimism that continued reforms would further boost investor confidence and economic growth.

The development underscores Kano’s growing importance as a commercial and industrial hub, reinforcing its position as one of Nigeria’s key economic centres.