Gypsum, Limestone Deposits Attract $1.5 Million in Private Investments
The Bauchi State Government has announced that its vast gypsum and limestone deposits have attracted more than $1.5 million in private investment towards the establishment of a cement production company.
This revelation was made during the Bauchi State Economic & Investment Summit Roadshow held in Abuja on Tuesday.
The event, themed “Unlocking Investment Potentials in the Pearl of Tourism,” brought together a wide range of stakeholders including foreign investors, diplomats, federal government officials, and members of the media.
In a presentation at the roadshow, the state government highlighted that Bauchi’s high-quality gypsum and limestone have become major draws for industrial investors.
“An abundance of gypsum and limestone of the highest quality has attracted an investment of over $1.5 million towards the establishment of a cement production company, among others,” the presentation stated.
In addition to its mineral resources, the Bauchi State Government underscored its rich hydrocarbon and uranium reserves. It also announced the establishment of an Oil and Gas Academy in Alkaleri, aimed at boosting local content and human capital development in the petroleum sector.
The project is being supported by the Nigerian National Petroleum Company Limited (NNPC).
Addressing the audience, Bauchi State Governor Bala Mohammed, represented by his deputy, Mohammed Auwal Jatau, emphasized the state’s commitment to building a sustainable and diversified economy.
He called on both local and international investors to tap into the state’s potential in agriculture, livestock, oil and gas, renewable energy, solid minerals, and human capital.
“We are endowed with abundant natural resources and a vibrant population. It is time to leverage these assets to build a trajectory of sustainable development and shared prosperity for Bauchi State and Nigeria at large,” the governor stated.
Deputy Governor Jatau also announced plans for the Bauchi State Investment Summit 2025, scheduled to take place later this year under the theme “Rebuilding a Resilient Economy, Optimizing Investment and Partnerships.” The summit is expected to attract a wide array of stakeholders and investors from across Nigeria and beyond.
He revealed that the summit will serve as a platform for signing memoranda of understanding (MOUs), creating joint ventures, and fostering strategic partnerships in key economic sectors.
“We already have many investors coming forward to sign MOUs with the state government in preparation for the summit,” Jatau told reporters at the event.
With a renewed push for investment promotion and strategic partnerships, Bauchi is positioning itself as a key player in Nigeria’s industrial, energy, and tourism sectors. The state’s leadership has reiterated its commitment to creating a conducive environment for investors through infrastructure development, policy reforms, and institutional support.
