By Sule Aliyu, Bauch
The Bauchi State government has signed a $1 billion memorandum of strategic cooperation on investment potentials with Chinese investors.
The investments are in the areas of agriculture, solid minerals and tourism and the establishment of 100mw solar power project with Chinese investors.
A statement by Abubakar Al-Sadique, the press Secretary to Governor Mohammed Abdullahi Abubakar, quoted the governor as saying that that the two memoranda of strategic cooperation on investment potentials were signed by the Bauchi state government with the China-Africa International Cooperation Economic Preparatory Committee.
While thanking the Chinese investors for their Interest to invest in the state, Governor Abubakar said with the signing of the memoranda, history was being made.
The Chinese team leader Mr. Liang, said the aim was to cooperate with government to develop Bauchi into the fastest growing state in the whole of Nigeria.
The Nigerian leader of the team, Captain Mohammed Joji, said the team was set to invest $20 billion in Nigeria and was investing one billion dollars in Bauchi State.
Under the memorandum of understanding, the Chinese investors would provide 70% of the resources, while the Bauchi state government would provide the remaining 30%.
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