By 247ureports

Copyright 247ureports

By: Daure David,

Bauchi State is charting a bold path toward economic transformation, private sector development, and youth empowerment following the successful hosting of its recent Economic and Investment Summit. Spearheaded by the pace setter of our time His Excellency, Senator Bala Abdulkadir Mohammed, alongside the dynamic Commissioner for Finance And Economic Development Bauchi State, Hon. Yakubu Adamu, PhD, the summit attracted billions of naira and dollars in pledges and commitments that signal a new era of prosperity for the state.

The summit, which brought together local and international investors, development partners, industry stakeholders, and policy leaders, saw the unveiling of investment deals across multiple critical sectors.

However, here are some of the key sectors that attracted Investors;

$2.7 billion was pledged for the petroleum industry, positioning Bauchi as a key player in Nigeria’s energy future.

$3 billion was secured for the pharmaceutical sector, opening opportunities for local drug manufacturing and healthcare access.

$1 billion was earmarked for sports development, setting the stage for infrastructure growth, talent discovery, and youth engagement through sports.

$1.5 million was committed to advancing agriculture, ICT, and education, three sectors pivotal to long-term sustainable development.

In a strategic push to boost rice production, the summit yielded multiple layers of funding ₦2 billion, $10 million, and an additional ₦500 million to transform Bauchi into a major rice-producing hub. ₦5 billion and $500 million were pledged toward unlocking the vast potential of mineral resources in the state.

These monumental investments reflect the state government’s proactive shift from overreliance on federal allocations to building a resilient, diversified economy anchored on private sector participation.

Critics who questioned the relevance of the International Conference Centre (ICC) and the need for an economic summit have now been answered with facts. The ICC served as the perfect venue for this groundbreaking event, hosting investors and dignitaries whose commitments will reverberate through Bauchi’s economy for years to come.

This summit is not just about figures it is about jobs, empowerment, and self-reliance. Thousands of youths stand to benefit from new employment opportunities, while local industries and SMEs will grow through partnerships, innovation, and capacity building.

Kudos must be given to Governor Bala Mohammed and Hon. Yakubu Adamu for their visionary leadership and for setting the pace for economic innovation in Bauchi State and Northern Nigeria more especially North East. Bauchi is no longer waiting for the future it is building it with the discovery of Oil in Kalmoni we can say Bauchi State is the new economic hub in Northern Nigeria.

As the pledges begin to materialize into tangible projects, it is now the duty of all stakeholders traditional institutions, civil society, and the citizens to support this journey of inclusive growth and transformation.

Bauchi is rising. And the world is taking note.