‘Foreign investors to get tax holiday in Katsina’

Foreigners interested in investing in Katsina state will enjoy tax holidays, adequate security, among other benefits. Governor Aminu Bello Masari stated this on Tuesday when he received an agro-allied Japanese company in his office.

Masari said his administration would provide “necessary assistance to any foreign investor wishing to invest in the state.” He however called on the company to provide details of their proposal preparatory to the signing of Memorandum of a Understanding with the State.

Leader of the Japanese company delegation, Mamuda Shinkafi said the company hopes to set up an agro-allied company in nine states of the country. Shinkafi, a former governor of Zamfara State, said the company would also create one million jobs through its services.

He also said the company plans to invest over N30 billion and that one-third of the money would be expended in Nigeria. He said the company is expected to provide more than 500,000 tonnes of grains every year.