Bauchi state is deepening its economic diversification drive by increasing investment into the mining sector with the launch of the Bauchi Misheng Cooperation Company (BMCC) Nigeria Limited
State governor Bala Mohammed says the objective is to expand the economic base of the state and provide job opportunities throughout the value chain.
The groundbreaking took place at a mining site in Baraza Village, Dass Local Government Area of Bauchi State known for its vast deposit of rare minerals.
Attracting investors into Bauchi state is a major objective of the Bala Mohammed administration
But more important is creating a conducive and enabling environment for businesses to thrive.
With abundant mineral and natural resources, Bauchi state believes it can compete nationally and be one of the most thriving economies in the north.
This informed the decision of the state government to enter into a partnership with the Misheng Group from Shandong Province, China, to unlock the state’s dormant potentials and harness its mining sector for the mutual economic benefit of both parties.
Performing the launch, the Governor represented by his Deputy, Auwal Jatau said that the joint venture will significantly enhance the state’s economic trajectory and promote sustainable human and infrastructural development.
Representatives of the Chinese mining company, led by the Chairman of Misheng Group, Shandong Province, Yu Tao, later visited the Government House, Bauchi, where they expressed appreciation to the state government for creating an investment-friendly atmosphere, assuring maximum benefits for all parties involved.
Governor Bala Mohammed explained that the newly established joint venture is structured under the terms and conditions of Nigeria and China, describing it as a clear departure from past mining practices that excluded host communities and deprived the government of revenue.
The governor further assured the investors of maximum security for their personnel and assets, emphasizing that Bauchi remains relatively peaceful and conducive for investment to thrive.
Editor: Ebuwa Omo-Osagie
