Radda explores investment opportunities at NGX

The Governor of Katsina State, Dr. Dikko Umar Radda, has expressed the state’s readiness to explore opportunities for raising capital on the Nigerian Exchange Limited (NGX) and attract strategic partnerships that would drive economic growth in the state.

At the ‘Closing Gong Ceremony’ at the exchange yesterday, Radda said the visit at the exchange was aimed at securing investments to develop key sectors, including infrastructure, power, education, healthcare, and agriculture, while also unlocking the state’s vast natural resource potential.
  
He noted that Katsina State is rich in natural resources that require significant investment to maximise their potential. 
According to him, the state’s strong agricultural value chain presents immense opportunities for growth and economic transformation.
   
He said: “Katsina State is poised for accelerated economic transformation, and partnerships with institutions like NGX Group are essential in realising our vision. We are keen on exploring Sukuk bonds, infrastructure bonds, and green bonds to finance key projects, attract investment, and create economic opportunities within the state. 

He said through these engagements, Katsina State aimed to attract long-term partnerships that will unlock new economic opportunities, enhance development, and drive sustainable prosperity for its people.
   
In addition, he pointed out that the state has made substantial investments in digitisation and engineering through public sector reforms, ensuring smoother and more efficient governance processes.
   
The Chairman of NGX, Umaru Kwairanga, commended the state for the launch of the Katsina State Development Plan as well as taking the bold step of approaching the capital market to raise funds for development. 
   
Kwairanga noted that the capital market is well-positioned to support capital raising and urged other state governors to follow Katsina’s example by engaging the exchange and presenting their scorecards.