Bauchi State Govt. signs Memorandum Of Understanding with Menshung Group China on mining and agriculture.
Bauchi State Government has signed a fresh investment agreement with Menshung Group, a prominent conglomerate from Shandong Province, China on construction, mining and agriculture.
The Memorandum of Understanding (MoU) which signed by the Commissioner for Natural Resources, Mohammad Maiwada Bello on behalf of the Bauchi State Government was aimed at diversifying the state’s economy through strategic investments in the mining and agricultural sectors.
Speaking at the ceremony, Governor Bala Mohammed described the partnership as a testament to the state’s ongoing commitment to fostering collaboration and creating a business-friendly environment.
He credited last year’s official visit to China as a key factor in securing this investment, underscoring the state’s proactive approach to economic diversification.
The Governor also assured that the state’s Special Purpose Vehicle, Bauchi Mining Synergy & Exploration Limited (BAMSEL), will be efficiently utilized to facilitate future partnerships and raise the state’s economic profile to greater heights.
Bello Maiwada commended Governor Bala Moh’d leadership foresight in navigating the state forward in various aspects, expressing confidence that Bauchi is on track to becoming an investment hub.
In her remarks, Mrs. Louy Xiona, Chairperson of the Menshung Group said despite having rich mineral resources, Bauchi is hospitable state and assured the state of sustainable economic growth through the partnership.
