From ABBAS GUNGURA, Bauchi
The Chairman of the Planning Committee for the Bauchi Investment Summit, Professor Murtala Sagagi, has disclosed that 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.
Reading the communiqué at the end of the event, which took place at the Abubakar Tatari Ali Hall, Sir Ahmadu Bello International Conference Centre, Professor Sagagi stated that the agreements covered the agriculture, solid minerals, power, infrastructure and ICT sectors.
He revealed that one of the MoUs had already translated into a concrete investment deal worth $1 billion, which was expected to become operational before the end of the year.
According to him, the summit attracted investors and delegations from China, Tunisia, Algeria, Turkey, Egypt, Pakistan and several other countries who expressed readiness to invest in Bauchi’s expanding economy.
Professor Sagagi explained that the event, organised under Governor Bala Mohammed’s ‘My Bauchi Project’ vision, brought together key stakeholders from the public and private sectors, civil society, traditional institutions and development partners.
He pointed out that the deliberations focused on exploring Bauchi’s comparative advantages in agriculture, tourism and solid minerals to promote inclusive growth and job creation across the state.
Declaring the summit closed, Governor Bala Mohammed expressed gratitude to Almighty Allah and all participants, commending the Planning Committee for organising what he described as one of Nigeria’s most successful investment fora.
The governor 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.