Investors have the opportunity to invest in the growing and processing of Jatropha plants in Sokoto State, situated in north-west Nigeria. The plant is used all over the world to produce biofuel but also has other uses.
Jatropha Curcas has been identified as an oil bearing plant capable of thriving in arid regions. Sokoto State's semi-arid climate is therefore very suitable for the growing of the crop.
Jatropha has numerous uses which include the following:
Reasons to invest in Sokoto State:
Availability of affordable labour: Sokoto State has an abundant supply of affordable skilled and unskilled labour.
Incentives: The Sokoto State Government is willing to extend a number of incentives to serious investors. These include the provision of land and infrastructure, tax holidays and assistance with obtaining financing.
Market: Nigeria, with its population of close to 150 million provides a massive market for all products associated with Jatropha production and processing. The country enjoys favourable trade arrangements with the ECOWAS (Economic Community of West African States) region. Export opportunities to America and Europe also exist.
Stable political climate: Since its return to civilian rule in 1999 Nigeria has made significant gains in establishing democracy. Besides a few localised problems in the Niger Delta area, the country is safe and secure to do business.
For more information on this and other investment opportunities in Sokoto State please contact Dr Buhari Bello Kware, of the Sokoto State Investment Promotion Committee at bbkware@yahoo.com
