Bauchi State government has partnered with Chinese investors to improve the mining sector in the state.
Gatekeepers News reports that the state government approved and rectified a memorandum for the establishment of Bauchi-Mingsheng Company to explore more opportunities, create jobs, and improve internally generated revenue.
Maiwada Bello, commissioner for Natural Resources Development during a press briefing, said the initiative was borne out of the government’s passion to open Bauchi for investment.
He said, “In 2023, a team led by Governor Bala Mohammed visited Shandong province of People’s Republic of China to attract investors.”
“The trip has started yielding significant results leading to the signing of memoranda of understanding (MoUs) with various companies with the state government especially in mining, agriculture, tourism and many other sectors.”
Bello noted that the establishment of Bauchi-Mingsheng company comes after a follow-up visit by the Mingsheng officials and subsequent visit by their technical personnel showing interest in investing in exploration and mining activities of monoxide, Tin, columbite, Zircon, and other rare earth elements in Toro and Dass local government areas.
The commissioner added that the initiative highlights the government’s commitment to fostering public-private partnerships and diversifying the state’s economy.
He expressed optimism that if properly managed, the company could drive innovation, attract investment, and improve the living standard of the people.
