The Adamawa State Investment Promotion Agency (ADIPA) has unveiled ambitious plans to attract $1 billion in investments and create at least 2,500 direct jobs across key sectors in the state.
Executive Secretary of ADIPA, Hon. Halilu Malabu, announced the targets on Wednesday at the Stakeholder’s Sensitisation Forum on Investment Promotion, held at the Admiral Murtala Nyako Training Centre, Yola.
Malabu said the agency, established under the Adamawa Investment Promotion Agency Law of 2024, is designed to serve as a “one-stop shop” for facilitating and coordinating investments, anchored on transparency, professionalism, and innovation.
“Our vision is clear and our targets are bold,” he said. “We are committed to attracting at least 20 new investment projects, mobilizing $1 billion in capital, and creating 2,500 direct jobs in the coming years.”
He listed priority sectors to include agribusiness, livestock, renewable energy, solid minerals, and industrial development, noting that Adamawa was ready to transition from potential to prosperity.
Among current initiatives, Malabu highlighted government approvals for an Industrial Park and Free Trade Zone, preparations for the first Adamawa Investment Summit, and talks with major agribusiness firms to establish large-scale meat processing plants.
He also mentioned signed agreements with investors in solar energy and electric vehicles, interest in bio-fertilizer projects, and plans to revamp tourism assets such as Yola International Hotel and the Yola Amusement Park.
According to him, the government has implemented various business-friendly reforms, including streamlined land processes, removal of Right-of-Way charges, and support frameworks for sustainable agriculture.
Malabu stressed the importance of local governments in promoting investment opportunities, supporting investors, and ensuring community engagement.
He said the expected benefits of these efforts include job creation, infrastructure development, improved internally generated revenue, and enhanced security.
In goodwill messages, representatives from local government, traditional institutions, and the private sector praised the initiative and reaffirmed their support for ADIPA’s objectives.
In his closing remarks, Commissioner for Commerce and Industry, Dr. Ishaya Dabari, reiterated the government’s commitment to creating an enabling environment for private investment.
He urged chambers of commerce to unify the business community to speak with one voice in advancing the state’s economic goals.
The forum featured an interactive session and a group photograph to commemorate the event.
