Bauchi Government Guarantees Investor Safety and Interests

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Bauchi Government Guarantees Investor Safety and Interests

Governor Bala Mohammed's Commitment to Investor-Friendly Policies

Governor Bala Mohammed has reaffirmed his administration's commitment to creating a supportive environment for investors, ensuring that their interests are protected and nurtured. The governor emphasized the state’s focus on transparency, accountability, and innovation as the pillars of its investment strategy. This approach includes strategic collaborations with Chinese firms in sectors such as agriculture, manufacturing, and infrastructure development.

Bauchi State is leveraging its natural resources, youthful population, and improving infrastructure to establish itself as a key economic hub in Northern Nigeria. The state's agricultural potential is particularly notable, with 4.2 million hectares of arable land offering significant opportunities for growth and investment.

Borno State Governor's Praise for Bauchi's Agricultural Potential

Borno State Governor, Professor Babagana Umara Zulum, highlighted Bauchi's rich agricultural resources. Speaking at the opening of the two-day Economic and Investment Summit, he stated that the state has the potential to achieve remarkable outcomes in agriculture due to its vast land area.

Zulum encouraged foreign investors to consider Bauchi, emphasizing the state's agricultural capabilities and the hospitality of its people. He also praised the ease of doing business program implemented by the Bauchi government, which has created an enabling environment for both domestic and international investors.

The governor commended Governor Bala Mohammed for organizing the Economic and Investment Summit and acknowledged the impact of former President Chief Olusegun Obasanjo's Green Revolution project on Nigeria's agricultural sector.

Legal Protections for Investors

Alhaji Abubakar Y. Sulaiman, Speaker of the Bauchi State House of Assembly, assured investors of legal protection from the state assembly. He noted that the summit marks a new direction in economic revitalization, highlighting the state's abundant natural resources and the need to harness them to reduce reliance on the central government.

Sulaiman reiterated the assembly's commitment to supporting Bauchi's development as a potential destination for investors.

Commissioning of the Bauchi International Conference Centre

Former President Chief Olusegun Obasanjo commissioned the Multi-Billion Naira Bauchi International Conference Centre, named Sir Ahmadu Bello International Conference Centre. Located opposite the Bauchi state Government House, the facility was inaugurated alongside the Economic and Investment Summit.

Obasanjo described the project as a symbol of economic development and growth for Bauchi. He praised Governor Bala Mohammed for the initiative and emphasized the importance of investment summits in fostering economic growth.

The Economic and Investment Summit

The two-day Economic and Investment Summit, organized by the Bauchi state government, aims to unveil ten key economic and investment potentials for local and international investors. These include agriculture and agribusiness, tourism, trade and commerce, industry, culture and heritage, logistics, transport, and value chain connectivity.

Other areas highlighted include solid minerals and natural resources, energy and renewable power, infrastructure and urban development, education, skills, and vocational development.

The event coincides with the commissioning of the conference center, showcasing the administration's pragmatic approach to building a resilient, self-sustaining economy through innovation, inclusion, and partnership.

Expert Insights on Economic Development

Former Secretary to the Government of the Federation, Yayale Mahmud Ahmed, called on northern governors to invest heavily in education, good governance, and capital development. He stressed that without these elements, no investor would take the region seriously.

Ahmed emphasized that education is a critical factor in economic development, requiring not just classrooms and teachers but also learning and accountability. He advised the northeast governors to leverage national agencies and parastatals to coordinate regional economic activities based on the region's potential.

Domestic Investors' Commitment

Domestic and international investors have pledged to harness Bauchi's economic potential through significant investments. Alhaji Ahmed Aminu, CEO of Tiamin Rice Milling Company, disclosed that the company has invested 37 billion Naira in Bauchi and allocated 10,000 hectares of land for rice production.

Resident Cement Company has invested over 200 billion Naira in the state. The Bauchi State Commissioner of Commerce, Muhammad Salis Gamawa, highlighted the state's role as an agricultural enabler, with over 10 million people engaged in farming activities.

Gamawa noted that the government plans to establish a modern fertilizer production plant and has identified over 40 different mineral resources in the state. The state has already created 15,000 jobs in the cement industry and has the potential to generate over 5 million megawatts of solar energy.

Bauchi aims to become an industrial hub in Africa, with a vision to transform the state into a better place for business.

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