Gudi Industrial Park Project
Sector
Agriculture & Water
Phase
Preparation
Location
Akwanga
Sponsoring Agency
Nassarawa Investment and Development Agency
Indicative Value
138,078,000,000.00
Last Update
2024-08-09
Project Duration
48 month(s)
Project Need
The Gudi Industrial Hub Phase 1 aims to position Nasarawa State as an agricultural hub in Nigeria, leveraging its comparative advantage in key priority crops such as millet, maize, rice, groundnut, sesame, and cowpea. These crops will be produced and processed to meet international standards, enhancing local agricultural production and processing capacity. This will provide opportunities for value-added products that can be integrated into global value chains, meeting both domestic and international market demands.
The project’s overarching goal is to create a 206-hectare agro-industrial park that serves as a catalyst for boosting the local agro-value chain, fostering the production of processed food and chemical products, and enabling the export of these products.
Description Of Asset
Phase 1 of the Gudi Industrial Hub involves the establishment of an agro-industrial park that will serve as the foundation for future agro-processing and value addition to key crops grown in the region. The project is planned for 206 hectares and will feature the following components:
Description Of Services
• Agro-processing Facilities: These will focus on value addition for key crops (millet, maize, rice, groundnut, sesame, and cowpea), transforming raw agricultural produce into processed food and other chemical products.
• Storage & Logistics Infrastructure: Efficient facilities for the storage, warehousing, and transportation of goods.
Supporting Infrastructure: Including water, electricity, roads, and communication facilities to support the operations of businesses within the hub.
Rationale for Selection of PPP Model
This project is proposed as a Public-Private Partnership (PPP), aiming to leverage the expertise, funding, and technology of the private sector while benefiting from the support and resources of the public sector. The government will facilitate the partnership by providing access to the land and offering a sovereign guarantee to secure the required financing through a DFI (Development Finance Institution) debt facility.
By adopting the PPP model, Nasarawa State aims to attract both large-scale and small-scale investments, boost job creation, and ensure the long-term sustainability of the industrial park.