Idris Muhammad Dani News Today : Breaking News, Live Updates & Top Stories | Vimarsana

According to sources at the Kano branch of the Manufacturers Association of Nigeria (MAN), the closed manufacturing industries were among the hundreds existing in Sharada/Challawa and Bompai industrial areas of the state.
However, their closure has been attributed to the ongoing distortions in the Nigerian economy occasioned by instability in the management of foreign exchange (forex), insecurity, poor infrastructure, poor power supply, as well as increasing taxation.
Notwithstanding, it was observed that recently, the state has been recording the entry of new business brands, new international firms and new factories.
This, according to some experts, are the outcome of the state government’s establishment of the Kano Investment Promotion Agency (KanInvest) which is mandated to, among other issues, encourage, promote, coordinate and support investment activities in the state. ....

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