Following the successful conclusion of the Bauchi Economic and Investment Summit, the Bauchi State Government has secured investment pledges totaling over $5.2 billion. During the event, the government formalized 47 Memoranda of Understanding (MoUs) with a diverse group of investors, both domestic and international.
The summit took place at the newly opened Sir Ahmadu Bello International Conference Centre in Bauchi and drew participants from countries including China, Tunisia, Algeria, Saudi Arabia, Turkey, the Czech Republic, Egypt, Palestine, Pakistan, alongside key Nigerian investors.
Prof. Murtala Sabo Sagagi, chairman of the summit’s organizing committee, highlighted in the closing statement that the MoUs span critical sectors such as agriculture, solid minerals, energy, infrastructure, manufacturing, and information and communication technology (ICT).
He revealed that one of the agreements has already materialized into a $1 billion project focused on boosting cement manufacturing and infrastructure expansion within the state.
A standout moment of the summit was the signing of a $2.7 billion MoU between Bauchi State and China Fuhai Energy Group to develop a Petrochemical City Complex, a transformative initiative for the region.
Additionally, the African Athlete Academy committed $1 billion toward establishing a premier sports and youth development center, aiming to nurture talent and promote community engagement.
Prof. Sagagi emphasized that the summit, part of Governor Bala Mohammed’s ‘My Bauchi Project,’ served as a collaborative platform uniting government bodies, private sector players, civil society, traditional leaders, and development partners.
The discussions focused on leveraging Bauchi’s unique strengths in agriculture, tourism, and mineral resources, with a strong emphasis on sustainable development, innovation, and employment generation as pillars for the state’s economic advancement.
At the closing ceremony, Governor Bala Mohammed expressed deep gratitude to all attendees for their trust in Bauchi’s investment potential. He praised the organizing committee for orchestrating what he described as “one of Nigeria’s most impactful investment forums,” and reiterated his administration’s commitment to enhancing infrastructure, enacting investor-friendly policies, and maintaining transparent governance.
“This summit has demonstrated Bauchi’s readiness to engage with investors and our ambition to become a top destination for sustainable investments in Nigeria,” Governor Mohammed affirmed.
Explore more images from the event below:
