The Kaduna Economic City is a strategic partnership initiative between the Kaduna State government and the government of Qatar. The project, spearheaded by the Qatar Sanabil Project and the Qatar Charity, is aimed to strengthen bilateral relationships between Qatar and Nigeria generally and Kaduna State in particular and provide a viable living and economic environment for the less privileged. The project also aims to provide an alternative economic and sustainable living environment to the already thriving Kaduna City.
Situated in the Northwest of Nigeria, although Kaduna is an economic and strategic powerhouse state in Nigeria, poverty, poor health conditions, lack of proper or less attention to basic educational institutions, especially from the members of the community, and poor standard of living have led to several concerns in the state coupled with insecurity that has been worsened by economic woes that have pushed herding community and farmers into frequent clashes in the Southern Kaduna Areas.
These and other challenges have pushed the Kaduna State government to think outside the box; some of these problems can be mitigated if the economic fortunes of the state are improved; lack of housing is also a big challenge not only in Kaduna but several other Northwest States and Nigeria generally. The partnership between the Kaduna State government and Qatar to build the Kaduna Economic City comes at a time of crucial need.
With the initiation of the building of 500,000 housing units, not only would a substantial part of the housing problems in Kaduna be solved, but it is coming with several economic schemes, social amenities and other institutions that would make the Kaduna Economic City thrive. The intention is not just to provide housing but to provide such an environment that is a mix of such opportunities that there would be a self-sustainable environment for the inhabitants. This project is proposed to include farms, markets, hospitals and a strong service and production sector. This would create an economic fortune, which would be capable of sustaining and maintaining the City.
What Opportunities is there for you as individuals or Investors
The Kaduna economic city is one that promises lots of opportunities for both individuals and investors. The housing units alone would provide hundreds if not thousands of jobs during its construction phase; aside from the job provision, the provision of shelter is crucial to society. There would be a significant appreciation of property values within and near the facility.
It is also a moment of opportunity for Construction and Engineering firms as these housing units need a different level of labor to progress in all its stages, apart from these certain opportunities. The Kaduna economic city will provide such economic opportunities that aren’t even yet captured because several individuals with several needs would occupy the vicinity, and when that happens, new demands will arise that would need supplying. This would be a great opportunity for investors to meet such demands with its accompanying services and everyday production, thereby turning the new city into a prospective investment goldmine.
Job Opportunities
Kaduna has always been one of the states with the best job opportunities, especially as several federal parastatals are located in the state. With the construction of the Kaduna Economic City, the state’s ability to create jobs would tremendously improve. The new economic city is proposed to encompass all the essential aspects of a modern smart city, which is a live, work and play environment. With this type of design intention, job seekers would find an employment demand in the new city as from the different construction stages, both skilled and semi-skilled labor in different fields would be in high demand.
Even after construction progresses and proper habitation starts, more opportunities would arise as individuals, organizations and firms that would be parts of the occupants of the economic city would need extra hands to assist with their day-to-day running of activities. This reality would bring massive employment opportunities for people within the vicinity.
Real Estate Boom
In the heart of the Kaduna Economic City project is a proposed 500,000 housing; this is a real estate boom if well executed; however, this initial design proposal isn’t even the major real estate turnaround coming. One thing about development is that it is contagious. The development of the Kaduna economic city would attract even more development in its neighborhood. Despite 500,000 housing units being massive, the truth is that it is likely that not everyone would be able to afford to live in the economic city itself.
Nigeria’s population keeps growing, and migration from one part of the country to another is very common; it is very likely that if the Kaduna Economic City lives up to expectations, several more people would want to move to the city from neighboring states. This could trigger a situation where even the 500,000 building units could be inadequate. But don’t you worry; this could also call for a real estate boom in the vicinity as private housing investors would try to fix such potential housing deficiencies. This would ensure property appreciation within the proximity of the economic city.
Social Amenities Provision
The availability of social amenities is attractive, especially in Northwest Nigeria, where the standard of living has been relatively poor. Since the economic city is proposed to include safe water, schools, health facilities, clean business environments and proper sanitation facilities, the social appeal of the place is going to be amazing.
Hospitality, Recreation and Tourism Appeal
Kaduna has always been a tourist attraction given all the natural beauty of the state; aside from the natural beauty, the state also houses some of the most strategic National monuments in Nigeria; the tourism and recreation appeal has always been there; however, the coming of the Kaduna economic city would be a plus to this recreational, tourism and hospitality potential. Hopefully, the construction of parks is part of the design; however, vital aspects that should be part of a functional society will be provided even if they are not captured in the initial proposal. Providing some of these vital recreation and hospitality facilities is also an economic appeal and a means of making the new city interesting and self-sustainable.
Conclusion
The above and several more are some of the opportunities that are coming with the Kaduna economic city; hardly any project achieves its full potential without private participation. While the governments of Kaduna State and Qatar have chosen to take this strategic step, we call on investors to be part of it; first, it is a partnership for humanity, and second, there are lots of profits to be made. These proposed projects have lots of potential and need people intentionally keying into the project at every stage of development. This calls for the employment of people who really wish to give back to society while making a living. Niger Investor encourages individuals and firms to be part of every stage of the Kaduna economic city as every positive contribution would appreciate the initiative towards achieving its objectives.
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