Bauchi Summit Secures Over $5bn Investment Deals, 47 MoUs Signed – Prof. Sagagi

From Paul Orude Bauchi

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The Bauchi State Government has announced that more than $5 billion worth of investment commitments were secured during the two-day Bauchi Economic and Investment Summit, which concluded in the state capital.

Chairman of the Summit Planning Committee, Professor Murtala Sabo Sagagi, disclosed this while reading the communiqué at the end of the event.

Sagagi revealed that a total of 47 Memoranda of Understanding (MoUs) were signed between the state government and both local and international investors.

According to him, the agreements span key sectors such as agriculture, solid minerals, power, infrastructure development, and information and communication technology (ICT).

Sagagi further disclosed that one of the MoUs had already translated into a concrete $1 billion investment deal, expected to become operational before the end of the year.

The summit, he said, attracted investors and delegations from several countries, including China, Tunisia, Algeria, Turkey, Egypt, and Pakistan, among others, all of whom expressed strong interest in Bauchi’s growing investment opportunities.

Organized under Governor Bala Mohammed’s “My Bauchi Project” vision, the summit brought together key stakeholders from the public and private sectors, civil society organizations, traditional institutions, and development partners to deliberate on strategies for sustainable economic growth.

The discussions, Sagagi noted, focused on harnessing Bauchi’s comparative advantages in agriculture, tourism, and solid minerals to stimulate inclusive development and job creation across the state.

In his closing remarks, Governor Bala Mohammed expressed appreciation to participants and commended the planning committee for successfully hosting what he described as “one of the most impactful investment forums in Nigeria.”

The governor reaffirmed his administration’s commitment to consolidating the gains of the summit, pledging to ensure an enabling environment for investors through improved infrastructure, policy reforms, and transparent governance.