Bauchi State government has partnered with Chinese investors to improve the mining sector in the state.
The state has therefore approved and rectified a memorandum for the establishment of Bauchi-Mingsheng Company to explore more opportunities, create jobs and improve internally generated revenue.
This was disclosed at a press briefing by the commissioner for Natural Resources Development, Maiwada Bello.
Bello said the initiative was borne out of the government’s passion to open Bauchi for investment.
“In 2023, a team led by Governor Bala Mohammed visited Shandong province of People’s Republic of China to attract investors.
“The trip has started yielding significant results leading to the signing of memoranda of understanding (MoUs) with various companies with the state government especially in mining, agriculture, tourism and many other sectors,” the commissioner said.
He said the establishment of Bauchi-Mingsheng company comes after a follow-up visit by the Mingsheng officials and subsequent visit by their technical personnel showing interest to invest in exploration and mining activities of monoxide, Tin, columbite, Zircon and other rare earth elements in Toro and Dass local government areas.
Bello noted that the initiative highlights the government’s commitment to fostering public-private partnerships and diversifying the state’s economy.
The commissioner expressed optimism that if properly managed, the company could drive innovation, attract investment and improve the living standard of the people.
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