The Bauchi State Government has secured over $1.5 million in investment to begin work on a new cement factory. This move comes as the state aims to boost its economy through the use of local mineral resources.
Bauchi is home to high-quality gypsum and limestone. These materials are key to cement production. The state is now using them to attract investors and grow local industry.
The announcement was made during the Bauchi State Economic and Investment Summit Roadshow. The event took place in Abuja. It was themed “Unlocking Investment Potentials in the Pearl of Tourism.”
The summit brought together foreign investors, top officials, diplomats, and members of the press.
Aside from minerals, the state also holds petroleum and uranium deposits. As part of its development plan, the government is building an Oil and Gas Academy in Alkaleri. The academy is supported by the Nigerian National Petroleum Company Limited (NNPC).
Governor Bala Mohammed, represented by Deputy Governor Mohammed Auwal Jatau, urged stakeholders to act. He asked them to explore Bauchi’s rich potential in agriculture, energy, and human capital.
He said the state’s goal is to achieve sustainable development and long-term growth. He also announced plans for the Bauchi State Investment Summit 2025.
The summit will focus on “Rebuilding a Resilient Economy: Optimizing Investment and Partnerships.”
On June 17, 2024, Bauchi State signed an agreement with Resident Cement Factory Limited. The deal covers the development of a cement plant in Gwana, located in Alkaleri Local Government Area.
Governor Mohammed confirmed the project fits into his broader plan. That plan includes using the state’s natural resources to create jobs and raise revenue.
He also promised investors full support and security for their business interests.
