Nexim Bank and Bauchi State government have agreed to partner in a bid to boost export oriented investments in agro- allied and solid minerals products. Mr. Bashir M. Wali, Acting MD/CEO met with the Governor of Bauchi State, Mohammed Abdullahi Abubakar at the State Liaison Office in Abuja.
The two executives met to discuss opportunities to collaborate with State towards boosting export-oriented investments in agro-processing, solid minerals and solid minerals under the N500billion Export Stimulation Facility, ESF, and the N50 billion Export Rediscounting and Refinancing Facility, ERRF.
The State Governor expressed his appreciation over the visit and explained the resource potentials of the state.
According to Governor Abubakar, Bauchi State covers a total land area of 49,259.01 square kilometres which represents about 5.3% of Nigeria’s total land mass, making it one of the largest states in the country.
He informed that agriculture is the mainstay of over 80 per cent of the people with products ranging from maize, rice, millet, groundnut and guinea corn. Additionally, cattle and other livestock are reared at a commercially viable level.
For solid minerals, Governor Abubakar indicated that the State has commercial mineral reserves comprising of Amethyst, Gypsum, Lead/Zinc, Uranium, Limestone, Kaolin, Gypsum, Antimony, Iron Ore, Gold, Marble, Columbite and zinc, precious stones like Sulphur, Amities and Aquamarine among others. In addition to this, Bauchi has a manufacturing sector covering Iron and Steel, Water, Ceramics, Food and Beverages etc.
The Governor, however, identified certain constraints that have facilitated the commercial exploration of the solid minerals in the State. These include the issues of licensing – considering that solid minerals is on the exclusive list; the paucity of data in terms of certification of available deposits; and the need to efficiently organise artisanal mining as well as establish beneficiation centres to boost the solid mineral value-chain in the State.
The Governor also noted that one of the most viable potentials in the State is the tourism sector. Bauchi is home to the Yankari Game reserve (the biggest game reserve in West Africa), occupying an area of 2,224.59 square kilometres. Other notable tourist centres in the State include the Premier Game Reserve, Rock Paintings, the First Mining Beacon of Tilden-Fulani, the Panshanu Stone Heaps, Lame-Burra Game Reserve, Sumu Wildlife Park, Geji Rock Paintings of the Neolithic age, the Babban Gwani Architectural Designs at Bauchi and Kafin Madaki and the International Bird Sanctuary of Udubo district.
The Acting MD of NEXIM thanked Governor Abubakar for receiving the Bank team at short notice, and informed that the Bank was established to promote export diversification and deepening the non-oil export sector. Accordingly, the Bank’s current strategic initiatives are targeted towards boosting employment creation and foreign exchange earnings in the Manufacturing, Agro-processing, Solid Minerals and Services – Tourism, Transportation and Entertainment sectors. This is the MASS Agenda of NEXIM Bank.
The two executives met to discuss opportunities to collaborate with State towards boosting export-oriented investments in agro-processing, solid minerals and solid minerals under the N500billion Export Stimulation Facility, ESF, and the N50 billion Export Rediscounting and Refinancing Facility, ERRF.
The State Governor expressed his appreciation over the visit and explained the resource potentials of the state.
According to Governor Abubakar, Bauchi State covers a total land area of 49,259.01 square kilometres which represents about 5.3% of Nigeria’s total land mass, making it one of the largest states in the country.
He informed that agriculture is the mainstay of over 80 per cent of the people with products ranging from maize, rice, millet, groundnut and guinea corn. Additionally, cattle and other livestock are reared at a commercially viable level.
For solid minerals, Governor Abubakar indicated that the State has commercial mineral reserves comprising of Amethyst, Gypsum, Lead/Zinc, Uranium, Limestone, Kaolin, Gypsum, Antimony, Iron Ore, Gold, Marble, Columbite and zinc, precious stones like Sulphur, Amities and Aquamarine among others. In addition to this, Bauchi has a manufacturing sector covering Iron and Steel, Water, Ceramics, Food and Beverages etc.
The Governor, however, identified certain constraints that have facilitated the commercial exploration of the solid minerals in the State. These include the issues of licensing – considering that solid minerals is on the exclusive list; the paucity of data in terms of certification of available deposits; and the need to efficiently organise artisanal mining as well as establish beneficiation centres to boost the solid mineral value-chain in the State.
The Governor also noted that one of the most viable potentials in the State is the tourism sector. Bauchi is home to the Yankari Game reserve (the biggest game reserve in West Africa), occupying an area of 2,224.59 square kilometres. Other notable tourist centres in the State include the Premier Game Reserve, Rock Paintings, the First Mining Beacon of Tilden-Fulani, the Panshanu Stone Heaps, Lame-Burra Game Reserve, Sumu Wildlife Park, Geji Rock Paintings of the Neolithic age, the Babban Gwani Architectural Designs at Bauchi and Kafin Madaki and the International Bird Sanctuary of Udubo district.
The Acting MD of NEXIM thanked Governor Abubakar for receiving the Bank team at short notice, and informed that the Bank was established to promote export diversification and deepening the non-oil export sector. Accordingly, the Bank’s current strategic initiatives are targeted towards boosting employment creation and foreign exchange earnings in the Manufacturing, Agro-processing, Solid Minerals and Services – Tourism, Transportation and Entertainment sectors. This is the MASS Agenda of NEXIM Bank.
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