The Bauchi State Government says it has attracted over $5billion potential investments after the conduct of its two-day Economic and Investment Summit.
The Summit ended on a high note, generating over $5 billion in investment pledges and signing of several Memoranda of Understanding (MoUs) between investors and the state government.
The summit, which brought together diverse stakeholders from public and private sectors, civil society organizations, religious leaders, and members of the public, was declared open by Vice President Kashim Shettima, who emphasized the importance of sub-national governments in driving investment and economic growth.
Over 47 investment proposals were presented during the summit, cutting across sectors such as agriculture, solid minerals, tourism, infrastructure, and manufacturing. Notably, a $1 million investment deal was signed between the state government and a cement production company, which is expected to become operational this year.
The Chairman of the Committee, Prof. Murtala Sagagi while reading the communique issued at the end of the summit, expressed gratitude to all participants, stakeholders, and partners who contributed to the success of the summit.
He commended the members of the organizing team and the people of Bauchi State for their support and hospitality.
He mentioned the key outcomes of the summit to include the exposure of existing and potential investors to opportunities in agriculture, solid minerals, tourism, and infrastructure; generation of relationships and partnerships across various sectors; and the signing of investment pipelines worth over $5 billion and N100 billion.
He added that the next steps include follow-up activities and actualization of the investment deals signed during the summit, vigorous development and promotion of sectors such as tourism, agriculture, solid minerals, health, and education, and establishment of an agency to serve as a one-stop-shop for investors.
Sagagi disclosed that Bauchi State Government has also launched the BNG Project, a micro, small, and medium enterprise development initiative aimed at fast-tracking inclusive investment and creating jobs for the people of the state.
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