SICL works in collaboration with the Ministry of Finance and Bank of Industry to foster economic growth through private sector capital with the aim of establishing Sokoto as one of the region’s top financial centers.
Sokoto Investment Company works closely with Sokoto state transport authority to create public-private investment opportunities in the states transport sector. The state Government has previously approved the securing of 30,000 motorcycles for distribution as loans to interested civil servants
Energy & Mining
With the global shift from fossil fuels to more sustainable renewable energy sources such as solar, wind and hydro, Sokoto Investment Company through public-private partnership will encourage investment in the necessary infrastructure to remodel Sokoto state into Nigeria’s Silicon Valley of renewable energy. With the aim of making Sokoto state a top destination for private sector investment in renewable energy.
Being the one-stop shop for foreign and local investment in Sokoto, SICL is mandated to guarantee ease of setting up an agro business in Sokoto. And also to attract private sector capital to improve infrastructure for processing agricultural produce. With the goal of putting Sokoto on the global map as a major exporter of cash crops such as sorghum, wheat, hides and cotton.
Formal international trade in leather and leather goods is estimated at over US$ 50 billion a year and the market is far from saturated. In the next decade, the demand for leather raw materials (hides) and finished products may exceed supply, making the leather industry one of the most lucrative business sectors in the years to come.
Hospitality & Tourisim
Sokoto is described as the jewel of northern Nigeria in terms of its beautiful landscape, cultural heritage and serine environment. The state is renowned for its unique weather, artisanship and historic architecture such as the great gates of Sokoto known as Kofas and the sultan’s Palace. Tourists visit sokoto to learn its rich history, visit the tomb of Usman Dan Fodio’s tomb and experience the Durbar festival. Sokoto Investment Company aims to expand private sector investment opportunities in the tourism and hospitality industry
SICL is the catalysts for international exposure, development and sales for the real estate sector in Sokoto. SICL has been mandated by the government to facilitate Investment opportunities for our regional and global partners.
The Governor has taken the Initiative to develop the housing and real estate by granting approval for the construction of 1000 new housing units for lower cadre workers in Gidan Man Ada and Kalambaina.
The state has also commissioned the construction of the new sokoto city project along the airport road