Investors have the opportunity to invest in the growing, ginning, spinning and weaving of cotton in Sokoto State, situated in north-west Nigeria.
Sokoto State's semi-arid land is ideal for cotton growing. The northern cotton zone which includes the states of Kaduna, Katsina, Bauchi, and Sokoto account for 80% of cotton production in Nigeria. The Sokoto State Government is also determined to attract investment to the agriculture and agri-processing sector as a means of stimulating economic growth.
Besides the growing of cotton, investment in ginning, spinning and weaving industries also holds much potential. Investors are assured of a ready local, regional and international market for yarn, fabric and other cotton products. Malibu Solutions Company has recently also shown its faith in Nigeria's cotton sub-sector by investing in a cotton ginnery in Ogun State.
The Sokoto State Government is extending a number of incentives to investment in the agriculture and agri-processing industries. These include tax holidays, equity participation for viable projects and the granting of loan facilities. The administration will also assist investors with the provision of adequate industrial infrastructure such as access roads, electricity, water and telecommunications facilities, etc.
Contact Details: Investors interested in Sokoto State's cotton industry should contact:
Sokoto State Investment Promotion Committee
Contact: Dr Buhari Bello Kware
Email: invest.showcase.comm.sokoto@live.com
