The maiden Bauchi State Business and Investment Summit has attracted more than $5 billion in investment commitments, with 47 Memoranda of Understanding (MoUs) signed between the state government and local as well as foreign investors.
Chairman of the Summit Planning Committee, Professor Murtala Sabo Sagagi, disclosed this while reading the communiqué at the close of the two-day event. He said the agreements cover key sectors such as agriculture, solid minerals, power, infrastructure, tourism, hospitality, sports, and ICT.
He further revealed that one of the MoUs has already resulted in a concrete investment deal worth $1 billion, expected to take off before the end of the year.
The summit, held from October 7 to 9, 2025, at the newly inaugurated Ahmadu Bello International Conference Centre, aimed to position Bauchi as a viable destination for investors and development partners.
Professor Sagagi said the event drew investors and delegations from countries including China, Tunisia, Algeria, Turkey, Egypt, and Pakistan, many of whom expressed interest in exploring Bauchi’s growing economic potential.
According to him, the summit, organized under Governor Bala Mohammed’s My Bauchi Project vision, brought together participants from the public and private sectors, civil society, traditional institutions, and development agencies.
He explained that discussions focused on leveraging Bauchi’s advantages in agriculture, tourism, and solid minerals to drive inclusive development and create employment across the state.
Sagagi thanked all participants, partners, and stakeholders for their contributions to the success of the event and commended the organizing team and people of Bauchi for their cooperation and hospitality.
Declaring the summit closed, Bauchi State Governor, Senator Bala Abdulkadir Mohammed, expressed appreciation to attendees and praised the planning committee for what he described as one of the most successful investment forums in the country.
Governor Mohammed reaffirmed his administration’s commitment to sustaining the progress made during the summit. He pledged to strengthen the business environment through better infrastructure, policy reforms, and transparent governance.
Some key outcomes of the summit include the creation of partnerships across multiple sectors, exposure of potential investors to opportunities in agriculture, solid minerals, tourism, and infrastructure, and investment commitments exceeding $5 billion and ?100 billion.
Next steps outlined in the communiqué include follow-up on signed agreements, continued promotion of key sectors such as tourism, agriculture, solid minerals, health, and education, and the establishment of an agency to serve as a one-stop center for investors.
The state government also launched the BNG Project, an initiative designed to support micro, small, and medium enterprises, promote inclusive investment, and create jobs for residents.
The proceedings and outcomes of the summit will be shared with participants and stakeholders through email and social media platforms.
The summit, attended by government officials, business leaders, civil society groups, and members of the public, was opened by Vice President Kashim Shettima, who highlighted the importance of sub-national governments in promoting investment and economic growth.
Our correspondent reports that former Presidents Olusegun Obasanjo and Abdulsalami Abubakar, who were among the keynote speakers, commended Governor Bala Mohammed’s leadership and his administration’s commitment to people-focused governance. They also called for sustained peace, transparency, and accountability to attract more investments to the state.