Bauchi attracts multi-billion dollar investments as 47 MoUs sealed at economic summit
By Mubarak Aliyu kobi
Chairman of the Bauchi State Economic and Investment Summit Organizing Committee, Professor Murtala Sabo Sagagi, has revealed that forty-six companies have expressed interest to inject over five billion dollars into the Bauchi State economy.
Presenting the communique at the end of the two-day summit, Professor Sagagi disclosed that investment pipelines worth over one hundred billion naira were also signed, including a one-billion-dollar deal expected to become operational before the end of the year.
He emphasized that forty-eight companies have already submitted their final documentation to follow up on their commitments, assuring that the state is ready to protect every investor’s interest.
Professor Sagagi noted that the summit attracted global investors, development partners, and economic experts who engaged in discussions on how to unlock the state’s full investment potential.
He also highlighted the inclusion of small and medium enterprises, women, and youth as part of the broader strategy to ensure inclusive economic growth and sustainability.
Kano State Governor Abba Kabir Yusuf, who declared the summit closed, commended Bauchi State for successfully hosting what he described as a historic economic forum.
He urged other leaders across the country to emulate Governor Bala Mohammed’s foresight in creating an enabling platform for both local and international investors to explore opportunities in their respective states.
Governor Yusuf said the summit demonstrated that with commitment and innovation, states can attract huge private investments to drive development.
Governor Bala Abdulkadir Mohammed, in his closing remarks, expressed satisfaction with the outcome of the first Bauchi State Economic and Investment Summit, describing it as a huge success.
He said the event has opened new windows for partnerships that will transform the state’s economy and create jobs for its people.
The governor reaffirmed his administration’s commitment to ensuring policy consistency, investor protection, and a business-friendly environment that encourages growth.
The governor emphasized that the signing of forty-seven Memoranda of Understanding between the Bauchi State Government and investors marks the beginning of a new era of economic prosperity.
The agreements span key sectors including agriculture, minerals and natural resources, power, the extractive industry, and tourism, with investors making strong commitments to support the government’s vision of sustainable development.
According to Governor Bala Mohammed, the ultimate goal of the summit is to open up Bauchi to the world for increased economic activity, industrialization, and infrastructural expansion.
He thanked all participants and development partners for their trust in the state’s potential and promised continuous collaboration to ensure all agreements are implemented effectively.
High point of the event was the inspection of various investment opportunities displayed at the Ahmadu Bello International Conference Centre, Bauchi.
Dignitaries, diplomats, and business leaders from within and outside the country described the summit as a landmark step toward transforming Bauchi into a hub for investment and economic growth in Northern Nigeria.
