The Zamfara Investment Development Company (ZIDC) is also known as the Zamfara State Investments & Property Development Company Limited (ZSIPDL). It was incorporated on January 28, 2000. ZSIPDL aims to encourage and support businesses in Zamfara State, including providing access to grants, loans, and private sector benefits. The company also works to attract both local and foreign investors to the state.
Key aspects of ZIDC/ZSIPDCL:
The Zamfara Investment Development Company (ZIDC) is dedicated to fostering economic growth and sustainable development in Zamfara State.
Key Focus Areas:
- Agriculture
– Promoting agribusiness opportunities by connecting farmers with investors.
– Supporting modern farming techniques and sustainable practices to boost productivity.
- Mining and Natural Resources
– Encouraging responsible mining practices and investment in mineral exploration.
– Collaborating with stakeholders to ensure the sustainable management of natural resources.
- Infrastructure Development:
– Partnering with government and private sectors to improve transportation, energy, and communication infrastructure.
– Investing in projects that enhance connectivity and accessibility within the state.
- Tourism and Culture:
– Showcasing Zamfara’s rich cultural heritage and natural attractions to attract tourism investment.
– Developing tourism infrastructure to promote local businesses and create jobs.
- Small and Medium Enterprises (SMEs):
– Providing support and resources for local entrepreneurs to establish and grow their businesses.
– Offering training programs and access to financing to empower SMEs.
Why Invest in Zamfara?
– Rich Natural Resources: Zamfara is endowed with vast mineral resources, including gold, limestone, and other valuable minerals.
– Strategic Location: The state’s location provides access to major markets in Nigeria and neighboring countries.
– Supportive Government Policies: The Zamfara State government is committed to creating a conducive environment for investment through favourable policies and incentives.
– Skilled Workforce: With a growing population, Zamfara boasts a young and dynamic workforce eager for opportunities.
- Incorporation:
Incorporated in Nigeria on January 28, 2000.
- Focus:
Primarily focused on investment promotion and property development within Zamfara State.
- Support for Businesses:
Provides support for Micro, Small, and Medium Enterprises (MSMEs) through registration, access to grants, loans, and other private sector benefits.
- Investment Promotion:
Actively works to attract both domestic and international investors to Zamfara.
- Partnership:
Collaborates with the Zamfara Investment Promotion Agency (ZIPA) and other stakeholders to foster economic growth.
- Public-Private Partnerships:
ZIPA, in particular, is involved in promoting public-private partnerships to develop infrastructure and services.
MANDATE & FUNCTIONS:
The Zamfara State Investment and Property Development Company Limited (ZSIPDL) is the primary custodian of all state investments and commercial assets. The company drives growth through sound investment management, property development, and public-private collaboration.
Core Mandate of the ZSIPDCL:
To promote, manage, and expand the state’s investment portfolio, ensuring strategic partnerships and responsible utilization of assets for sustained development.
Functions
- Investment and Asset Acquisition: To underwrite, invest, subscribe for, acquire, and hold shares, stocks, bonds, and debentures in companies and enterprises at federal, state, regional, or local levels.
- Equity and Corporate Management: To manage or represent the State Government’s equity interests in companies, commissions, or corporations to ensure profitability and accountability.
- Property and Portfolio Development: To sell, lease, develop, and manage real estate and commercial properties that stimulate economic activity and generate revenue for the state.
- Trade and Commerce Facilitation: To engage in export and import of goods and services that expand Zamfara’s commercial base and strengthen its economic network.
- Capital Market Operations: To issue, re-issue, or manage shares, stocks, and other securities in line with established state investment policies and financial regulations.
Strategic Pillars of ZSIPDL
- Infrastructure and Real Estate Development ZSIPDL focuses on major infrastructure and real estate projects including industrial parks, commercial complexes, and logistics hubs that expand trade and employment opportunities.
- Investment Facilitation and Public-Private Partnerships (PPP) The company develops partnerships that combine public policy goals with private sector innovation and financing, advancing projects in mining, energy, and industrial development.
- Technology, Innovation, and Emerging Markets ZSIPDL supports digital transformation, fintech initiatives, and startup ecosystems to strengthen competitiveness and access to emerging markets.
- Industrial and Service Sector Expansion The company drives diversification by investing in agro-industrial processing, logistics, and service-based enterprises, enhancing Zamfara’s role in regional commerce.
- Sustainability and Climate-Resilient Development ZSIPDL integrates sustainable principles into all operations, emphasizing green infrastructure, renewable energy, and climate-conscious investment planning. ZSIPDL – Driving Growth.
POLICIES & STRATEGIC PLANS
Policies Implemented:
- NIMC enrolment exercise across the 17 emirates
- Data collection exercise of duly Register Smes registered with Smedan and CS
- Strategic Plans (Title a Year): 2021,2022 and 2023 respectively
- Purchasing potatoes powdered machine
PROGRAMS & INITIATIVES
- Ongoing Programs (Name, Description, Target Audience):
- NIMC registration exercise for indigence of the State
Completed Programs (Name, Description, Outcomes): Providing NIN number
PUBLICATIONS & REPORTS
Policy Documents:
- To establish companies for the execution of undertakings work projects whether private or public in Nigeria or elsewhere
- To aid any Government with capital, credit for the execution of any work, undertaking projects or enterprise
- To negotiate loans of any description
- To transact business as capitalist, promoters, financial and monetary agents, both in Nigeria and elsewhere
COLLABORATIONS
Local Partners & Role:
NIMC, New Devco & ATP,
International Partners & Role:
Searching & rocking for investors in areas Such as, Agriculture, Mining, Transport, Commodity and Estate
FINANCE
Annual Budget (Recent Years)
2024 – 311, 725, 003
2025 – 132, 550, 000
Revenue Sources:
- Zamfara State overnme
- Shares
- Local/Dome ic Donors
- International Donors
- Business Engagement
