Bauchi State Economic and Investment Summit Report
The summit, themed “Rebuilding a Resilient Economy: Optimizing Investment and Partnerships,” aims to attract investors, policymakers, and stakeholders to explore the state’s vast potential in various sectors.
Key Highlights
- Agriculture: Bauchi State offers immense opportunities in agriculture, with 4.2 million hectares of arable land and fertile Fadama plains, suitable for rice, sesame, groundnut, maize, and livestock production. The state currently has only 1.8 million hectares of farmed land, leaving over 57% of the land suitable for agriculture waiting to be utilized.
- Natural Resources: The state is rich in over 20 valuable solid minerals, including limestone, gypsum, kaolin, gold, coal, and iron ore, with confirmed oil and gas reserves in the Kolmani Basin. An investment of over $1.5 million has been attracted towards the establishment of a cement production company.
- Commerce, Trade, and Industry: Bauchi is becoming a hub for light manufacturing, agro-processing, and trade, driven by its location, raw materials, and growing SMEs. The state government is working on creating industrial parks and trade clusters to further boost economic growth.
- Tourism: The state boasts rich natural heritage and culture, with attractions like Yankari Game Reserve, Sumu Wildlife Park, and Wikki Warm Spring.
Special Features
- Speech by H.E. the Governor: Governor Bala Muhammad will lead the summit, emphasizing the state’s potential and investment-friendly policies.
- Networking and Deal Room: The summit will provide a platform for investors to connect with decision-makers, explore viable projects, and secure partnerships.
- Dignitaries in Attendance: Notable dignitaries include¹ ²:
- Alhaji Aminu Hammay: Commissioner for Commerce, Industry, and Investment
- Muhammad Salis Gamawa: Commissioner for Commerce, Industry, and Investment
- HRH Igwe Dr. Lawrence Agubuzu OON CFR: Renowned dignitary
- Alhaji Yahuza Haruna: Economic Adviser to the Governor
- Dr. Ernest Nwachukwu: South East Program Coordinator
- Surv. L.C.K. Ugwu: President, 9th Mile Chamber of Commerce, Industry, Mines, and Agriculture
Objectives and Expected Outcomes
The summit aims to:
- Create over 500,000 new jobs across various industries
- Attract investments to drive sustainable development
- Foster partnerships between the public and private sectors
- Promote digital transformation and showcase opportunities in fintech, mobile payments, agritech, and e-commerce
The Bauchi State Economic and Investment Summit is a significant step towards unlocking the state’s economic potential and attracting investments to drive growth and development. With its rich natural resources, investment-friendly policies, and growing industries, Bauchi State is poised for economic prosperity.