Iliyasu Abdullahi Bah
The recently concluded Bauchi State Economic and Investment Summit 2025 has positioned the state for a potential economic transformation, securing over N7 trillion approximately $5.2 billion in investment commitments through 47 signed Memoranda of Understanding MoUs with both domestic and international partners.
Held from October 8 to 9 at the newly inaugurated Sir Ahmadu Bello International Conference Centre, the summit, themed “Rebuilding a Resilient Economy, Optimizing Investment and Partnerships,” attracted over 1,000 delegates, including investors from China, Saudi Arabia, Turkey, Egypt, and other nations.
In this exclusive interview with The Journal Nigeria, economic analyst Mohammed Musa Baba provided insights into the summit’s potential impact on Bauchi development.
Sir, could you elaborate on the specific economic benefits and transformative potential this development holds for Bauchi State?
Thank you! Well the current administration, since 2019, has been implementing the “My Bauchi Project” and the “State Perspective Plan 2033,” which align with national development agendas and UN Sustainable Development Goals. These initiatives emphasize inclusive growth, job creation, and sustainable development, The summit represents the culmination of preparatory roadshows across major Nigerian cities that highlighted opportunities in agriculture, renewable energy, ICT, and infrastructure.
How can we expect full government intervention for these initiatives when the Kolmani oil project, a major priority, has failed to gain real momentum?
Addressing concerns about the stalled Kolmani oil project, the government possibly has its own settings for Kolmani. If realized, not only Bauchi but the entire Northeast will benefit from this milestone seeing that the summit enjoyed strong federal support, with Vice President Kashim Shettima commending state efforts and former President Olusegun Obasanjo pledging to accompany the governor on investment missions.
Security remains the worst challenge facing the Northeast. How can these over 40 agreements succeed amid security concerns?
Well, not every MOU will meet expectations. The positive aspect is that the world has seen the state efforts and how federal and state governments are working tirelessly to contain insurgency. Compared to previous years, peace is reviving, creating conditions for economic activity. Statististically, Bauchi produces over N5 billion annually in raw sesame exports alone, alongside significant renewable energy prospects. With peace everything will be possible.
What is your call to the younger generation for bolstering a viable economy as northeast states battle with recovery?
This presents a significant task for the younger generation, The era of relying on parents, particularly in northern Nigeria, must end. Every individual should strive for independence to make poverty history. If 70-80% of these MoUs materialize, Bauchi and neighboring states will see numerous jobs that can sustain livelihoods and also reduce poverty.”
What are the challenges regarding promise fulfillment by states and companies?
Implementation risks exist, including regulatory hurdles and global economic volatility. However, Governor Mohammed’s commitment to continuity beyond his term and federal backing help mitigate these challenges.
Bauchi Investment Summit 2025 has positioned the state as an emerging investment hub in Nigeria, symbolizing a “new era of prosperity” through visionary leadership and strategic partnerships. The concluded MoUs not only unlock immediate capital but also foster long term resilience, inclusivity, and global integration.
The success of these initiatives now depends on effective implementation, sustained security improvements, and continued collaboration between government, private sector, and communities to translate these commitments into tangible economic development for Bauchi State.