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Bauchi Government Secures $91.6 Million Infrastructure Financing from ECOWAS Bank
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THISDAYLIVE
• Signs MoUs on multi-sector investment with S’Arabia GroupSegun Awofadeji in BauchiBauchi State Government has secured a 91.6-million-dollar infrastructure financing agreement with the ECOWAS Bank for Investment and Development, EBID, after 18 months of negotiations, backed by a federal government guarantee.
The state governor, Senator Bala Abdukadir Mohammed, disclosed this Wednesday while speaking to journalists after returning from the headquarters of the ECOWAS Bank for Investment and Development in Lomé, the capital of Togo.
The agreements followed two days of extensive discussions between Governor Mohammed and representatives of Golden Contractors Group, focusing on investment opportunities, development priorities and areas for mutually beneficial cooperation.
During the engagement, the Saudi Arabian company also visited selected locations across Bauchi State to assess available potential and explore opportunities for investments capable of generating employment, revenue and development.
The government scribe expressed optimism that the agreements would mark the beginning of a mutually beneficial relationship between Bauchi State and Golden Contractors Group and further strengthen ties with the kingdom of Saudi Arabia.