3 weeks ago
9
Bauchi State has secured concern commitments exceeding $5.2 cardinal pursuing the decision of the Bauchi Economic and Investment Summit wherever the authorities authorities signed 47 Memoranda of Understanding (MoUs) with some section and overseas investors.
The summit, held astatine the Sir Ahmadu Bello International Conference Centre, Bauchi, attracted delegations and investors from China, Tunisia, Algeria, Saudi Arabia, Turkey, the Czech Republic, Egypt, Palestine, Pakistan and different spouse countries, arsenic good arsenic salient home investors.
Reading the communiqué astatine the extremity of the two-day summit, the president of the organising committee, Prof Murtala Sabo Sagagi, said the MoUs covered strategical sectors including agriculture, coagulated minerals, power, infrastructure, manufacture and ICT.
He disclosed that 1 of the agreements has already crystallised into a $1 cardinal concern woody aimed astatine advancing cement accumulation and infrastructure improvement successful the state.
Among the large highlights of the acme was the signing of a $2.7 cardinal MoU betwixt the Bauchi State Government and China Fuhai Energy Group for the constitution of a Petrochemical City Complex successful Bauchi.
Another landmark statement was sealed with the African Athlete Academy, which committed $1 cardinal to processing a world-class sports and younker improvement installation successful the state.
Prof Sagagi explained that the summit, organised nether Governor Bala Mohammed’s ‘My Bauchi Project’, provided a level for collaboration among authorities agencies, backstage investors, civilian society, accepted institutions, and improvement partners.
He said the deliberations explored Bauchi’s comparative advantages successful agriculture, tourism, and coagulated minerals, emphasising sustainable growth, innovation, and occupation instauration arsenic cardinal drivers of the state’s economical transformation.
During the closing ceremony, Governor Mohammed expressed profound appreciation to each participating investors, diplomats and improvement partners for their assurance successful Bauchi’s concern climate.
He commended the organising committee for what helium described arsenic “one of the astir palmy concern forums ever held successful Nigeria,” reaffirming his administration’s resoluteness to physique connected the momentum by improving infrastructure, enacting supportive policies, and ensuring transparent and investor-friendly governance.
“This acme has showcased Bauchi’s readiness for concern and our determination to presumption the authorities arsenic a starring destination for sustainable investments successful Nigeria,” helium stated.
English (US) ·