Nigerian investors have been reassured of Federal Government’s commitment to creating a conducive environment for businesses to thrive under the current administration.
Vice President Kashim Shettima stated this during his visit to the headquarters of Mamuda Group, a leading multi-industry conglomerate in Kano during the week.
A statement by Stanley Nkwocha, Shettima’s spokesman,he added that the Vice President reiterated the government’s dedication to supporting investors in achieving their goals.
He emphasised that President Tinubu’s efforts are gradually restoring trust and confidence in Nigeria’s business climate.
“The President speaks your language – the language of commerce and business,” Shettima said, promising the administration’s partnership with the manufacturing sector as part of the Renewed Hope Agenda.
Highlighting Mamuda Group’s impact, Shettima praised the organisation for employing 13,000 people and expressed optimism about its plans to expand its workforce to 23,000.
Credit: Stanley Nkwocha’s X page.
He noted that the company’s contributions extend beyond employment, impacting hundreds of thousands of lives indirectly.
“Anyone who employs 13,000 people in Nigeria is impacting 130,000 lives,” he added.
During the event, the Vice President also laid the foundation stone for a new factory, signalling the company’s continued expansion.
He commended Mamuda Group for generating 31 megawatts of electricity to power its operations and encouraged other industries to emulate such initiatives.
Addressing concerns about infrastructure, Shettima promised the company that the government would resolve the infrastructural challenges, particularly access roads.
He urged Mamuda Group to engage with agencies like the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Export Promotion Council (NEPC) for further collaboration.
In his remarks, Mamuda Group’s Chairman and CEO, Hassan Hammoud, acknowledged the administration’s efforts to stabilize the economy despite past challenges.
He expressed gratitude for the government’s support and called for continued favourable policies in taxation, infrastructure, and financing.
“Mamuda Group is proud to stand as a testament to what can be achieved through resilience, innovation, and public-private partnership,” Hammoud said.
