By Khalid Idris Doya
Bauchi, Bauchi State, Nigeria
October 9, 2025(Series News Online)
President Bola Ahmed Tinubu has reiterated the federal government's unwavering support, cooperation, and partnership with all states of the federation in driving inclusive and sustainable economic development across Nigeria. Speaking at the opening of a two-day International Economic and Investment Summit in Bauchi, Tinubu assured both local and international investors of the country's stable and profitable business environment under the current administration.
Tinubu was represented by Vice President Kashim Shettima, who said there has never been a better time to invest in Nigeria, adding that ongoing reforms are aimed at strengthening economic growth, attracting sustainable investments, and enhancing the ease of doing business across all sectors. "We remain committed to building a strong partnership with states and investors to unlock the full potential of our economy," Shettima said, urging investors to take advantage of the vast opportunities provided by the Bauchi state government.
The Vice President commended Governor Bala Mohammed for organizing the summit, describing it as a visionary initiative that aligns perfectly with the federal government's agenda for inclusive and diversified economic expansion. Governor Mohammed reaffirmed his administration's commitment to creating an enabling environment for investment, emphasizing strategic partnerships with international firms, particularly Chinese companies, in agriculture, manufacturing, and infrastructure development.
"Bauchi State is leveraging its abundant natural resources, youthful population, and expanding infrastructure to position itself as a major economic hub in Northern Nigeria," the governor stated. He assured investors of the state government's full support in safeguarding their interests, highlighting that Bauchi's investment strategy is anchored on transparency, accountability, and innovation.
In a significant highlight of the summit, Resident Cement Factory Nig. Ltd. announced a massive investment of over N263.6 billion for the development of cement production facilities in Gwana District of Alkaleri local government area. The Chairman of the company, Dr. Waziri Junaid, disclosed that the construction work is set to commence in December this year, adding that the project forms part of a broader $2 billion investment package.
The Sultan of Sokoto, His Eminence Alhaji Sa’ad Abubakar III, called for a thorough evaluation of the various economic and investment summits being held in some states to determine their actual impact. "While such summits are commendable, there is a need to study the outcomes of previous summits in different states to assess the tangible results achieved," he said.
Local and foreign investors, including the Director-General of the Kano State Chamber of Commerce, Alhaji Mansur Muhammad, and the Tunisian Ambassador to Nigeria, lauded the summit as a timely and impactful initiative that will accelerate economic cooperation and growth. They commended the Bauchi State Government for its investor-friendly policies and expressed readiness to partner with the state in various sectors.
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Economy