Bauchi’s New Minsheng Group Targets Economic Growth

By Samuel Luka, Bauchi

The Bauchi State Government has approved the memorandum of Understanding for the establishment of Bauchi/Mingsheng company to explore more opportunities, create job and improve internally generated revenue of the State.

This was disclosed by the Hon. Commissioner Ministry of Natural Resources Development, Mohammed Maiwada Bello while briefing the press on the outcome of Thursday council meeting at Govt House Bauchi.

He stated that the initiative was born out of the State Government’s passion to open Bauchi for investment and for a business hub.

He recalled that, in the year 2023, a team led by Governor Bala Mohammed of the state visited Shandong province of people’s Republic of China to attract investors.

A press release made available to newsmen by the public relations officer of the ministry, Saleh Umar quoted the Commissioner as saying that the trip has started yielding significant result that led to the signing of Memorandum of Understandings (MoUs) with various Companies with the State Government especially in mining, Agriculture, tourism and many other sectors.

He said that the Memo for the establishment of Bauchi/ Mingsheng company was made possible after the follow up visit by the Mingsheng officials and also after subsequent visit by their technical Personnels showing interest to invest in exploration and mining activities of monoxide, Tin/columbite, Zircon and other rare earth elements etc, in Toro and Dass Local Government Areas.

Hon. Maiwada Bello said this initiative highlights the Government’s commitment to fostering public – private partnerships and diversifying the State’s economy.

“The Hon. Commissioner is optimistic that if properly managed, the company could drive innovation, attract investment and improve living standard for the people of Bauchi State”, the statement said.

Hon. Bello said the establishment of the Bauchi/Mingsheng company represents a significant move toward economic growth and development. By exploring more opportunities the company is expected to contribute to the job creation and enhance the State’s internally generated revenue (IGR).

He further stated that, the development will witness industrial growth there by supporting local industries reliant on raw materials like Tin, Monozide and Ilminite which is essential for technology and other construction industries while infrastructure development would be given attention as mining projects often lead to improve infrastructure such as roads and other benefits for the surrounding Communities.

The Commissioner assured that his Ministry will not relent in it’s efforts to lead other sections of arms of Government in generating revenue to the State.

He appreciated the State Governor Sen. Bala Abdulkadir Mohammed CON (Kauran Bauchi) for the support and concern to his Ministry and his approval for the establishment of Bauchi/Mingsheng company and subsequently retified by the State Executive Council.