Bauchi Summit Records Over $5bn Investment Deal, 47 MoUs Signed – Prof. Sagagi
By Ismail Bauchi
The Bauchi State Government says a total of 47 Memoranda of Understanding MoUs were signed with local and foreign investors during the two-day Economic and Investment Summit held in Bauchi.
Chairman of the Summit Planning Committee, Professor Murtala Sabo Sagagi, disclosed this while reading the communiqué at the end of the event, saying the agreements covered agriculture, solid minerals, power, infrastructure, and ICT sectors.
He announced that one of the MoUs translated into a concrete investment deal worth one billion dollars, which will become operational before the end of the year.
Professor Sagagi said the summit attracted investors and delegations from countries including China, Tunisia, Algeria, Turkey, Egypt, Pakistan, and several others, who expressed readiness to invest in Bauchi’s expanding economy.
He added that the summit, organized under Governor Bala Mohammed’s “My Bauchi Project” vision, brought together key stakeholders from public and private sectors, civil society, traditional institutions, and development partners.
Professor Sagagi noted that the deliberations focused on exploring Bauchi’s comparative advantages in agriculture, tourism, and solid minerals to drive inclusive growth and job creation across the state.
Governor Bala Mohammed, while declaring the summit closed, expressed gratitude to all participants and commended the planning committee for organizing what he described as one of the most successful investment forums in Nigeria.
Governor Mohammed reaffirmed his administration’s commitment to sustaining the momentum generated by the summit, pledging to create an enabling environment for investors through improved infrastructure, policy reforms, and transparent governance.
