The Bauchi State Government has secured investment commitments worth over $5.2 billion (approximately N7.8 trillion) following the successful conclusion of the inaugural Bauchi State Economic and Investment Summit.
The summit, which held in Bauchi, culminated in the signing of 47 Memoranda of Understanding (MoUs) with local and international investors across key sectors of the economy.
Gov. Bala Abdulkadir Mohammed, who hosted the summit, described the outcome as a “major economic milestone” for the state, saying it underscored growing investor confidence in Bauchi’s economic potential and reform agenda.
One of the major highlights was the signing of a $2.7 billion MoU with China Fuhai Energy Group for the development of a Petrochemical City Complex in the state.
Also, the African Athlete Academy committed to a $1 billion investment to establish a world-class sports and youth development facility aimed at harnessing sporting talent and promoting youth engagement.
Other MoUs signed during the summit covered sectors such as agriculture, solid minerals, natural resources, power, tourism, and the extractive industries.
Gov. Mohammed said his administration had created a conducive environment for business through reforms in land administration, security, and infrastructure.
He added that the summit was part of efforts to diversify the state’s economy, create jobs, and improve the quality of life for citizens.
The summit attracted investors, diplomats, development partners, and key stakeholders from across Nigeria and abroad.
The governor pledged to ensure transparency and accountability in the implementation of the MoUs signed.
“Today marks the beginning of a new economic era for Bauchi State. We are ready, open for business, and committed to making Bauchi a leading investment destination in Nigeria,” he said.
