Bauchi State has secured investment commitments exceeding $5.2 billion following the conclusion of the Bauchi Economic and Investment Summit where the state government signed 47 Memoranda of Understanding (MoUs) with both local and foreign investors.
The summit, held at the Sir Ahmadu Bello International Conference Centre, Bauchi, attracted delegations and investors from China, Tunisia, Algeria, Saudi Arabia, Turkey, the Czech Republic, Egypt, Palestine, Pakistan and other partner countries, as well as prominent domestic investors.
Reading the communiqué at the end of the two-day summit, the chairman of the organising committee, Prof Murtala Sabo Sagagi, said the MoUs covered strategic sectors including agriculture, solid minerals, power, infrastructure, industry and ICT.
He disclosed that one of the agreements has already crystallised into a $1 billion investment deal aimed at advancing cement production and infrastructure development in the state.
Among the major highlights of the summit was the signing of a $2.7 billion MoU between the Bauchi State Government and China Fuhai Energy Group for the establishment of a Petrochemical City Complex in Bauchi.
Another landmark agreement was sealed with the African Athlete Academy, which committed $1 billion to developing a world-class sports and youth development facility in the state.
Prof Sagagi explained that the summit, organised under Governor Bala Mohammed’s ‘My Bauchi Project’, provided a platform for collaboration among government agencies, private investors, civil society, traditional institutions, and development partners.
He said the deliberations explored Bauchi’s comparative advantages in agriculture, tourism, and solid minerals, emphasising sustainable growth, innovation, and job creation as key drivers of the state’s economic transformation.
During the closing ceremony, Governor Mohammed expressed profound appreciation to all participating investors, diplomats and development partners for their confidence in Bauchi’s investment climate.
He commended the organising committee for what he described as “one of the most successful investment forums ever held in Nigeria,” reaffirming his administration’s resolve to build on the momentum by improving infrastructure, enacting supportive policies, and ensuring transparent and investor-friendly governance.
“This summit has showcased Bauchi’s readiness for business and our determination to position the state as a leading destination for sustainable investments in Nigeria,” he stated.
