Bauchi state government has said plan was underway to establish a world class industrial park with a view to attract new investments for the overall transformation and diversification of the state’s economy.
Governor Bala Mohammed, who announced this at the closing ceremony of 14th National Council on Industry, Trade and Investment meeting held at Command House, Bauchi, said this was part of efforts to enhance and accelerate industrial development in the state.
Bala said the state government was implementing a new industrial policy deliberately to hasten industrialisation drive and sought for collaboration with the Federal Ministry of Industry, Trade and investment and the organized private sector for better service delivery.
He said his administration’s
drive to promote the establishment of business linkages is expected to enhance raw material availability for industry and develop the value chain in agriculture and announced that Bauchi state had unique and attractive incentives to encourage prospective investors wishing to invest in any part of the state.
The governor said his administration’s decision to establish the new Bauchi State Trade Facilitation Centre was informed by the desire to conform to the federal government’s effort at domesticating the World Trade Organisation’s (WTO) Trade Facilitation agreement (TFA) at the sub-national levels so as to consolidate the position of Bauchi State as the business hub of the north-east sub-region.
According to him, on the ease of doing business, Bauchi
initiative of the federal government under the facilitation of the Presidential Enabling Business Environment Council (PEBEC) with the inauguration of a committee under the chairmanship of the deputy governor, Senator Baba Tela with the singular mandate of domesticating and facilitating the Ease of Doing Business Strategies.
In a key note address, the Minister of Industry, Trade and Investment, Mr Otunba Richard Adebayo, appreciated the support of the Bauchi state government to the ministry and looked forward to strengthening their partnership in delivering jobs and creating wealth for Nigerians.
