Economic Diversification: Bauchi Gov Inaugurates Board of Directors For State-owned Mining Company


... Our mineral resources are in high demand across the globe


Governor Bala Abdulkadir Mohammed of Bauchi state on Monday evening emphasized the need for turning around the Bauchi economic fortunes through putting the state on the global map of solid minerals.

The governor made the emphasis at the inauguration of Board of Directors, Bauchi Mining, Synergy and Exploration Limited held at the Council Chamber, Government House,  Bauchi.


Governor Bala Mohammed said this has become necessary considering the abundant natural resources abound in the state in which most of the mineral resources are in high demand across the global market. 


To this end, the governor urged the business community, both local and international corporate organisations, to come and invest in the state's mineral resources sector for the economic growth and development of the state.

He assured all key stakeholders in the mineral resources development sector of the commitment of his administration to support them to develop the sector for the overall development of the state.


"It gives me a great pleasure to welcome you to this inauguration which is yet another milestone in our efforts towards realizing our potentials in the mining resources sector of the state economy."


"During our campaign, we made some promises of laying a foundation for sustainable development of our economy through other sources of income as against the state traditional dependency on revenue from the federation account."

"Since 2019, when we took over the affairs of the state, every action we took is geared towards fulfilling our campaign promises."


"With the discovery of oil in Bauchi and in our commitment to compliment the efforts of the federal government in achieving one of the cardinal principles of economic recovery growth plan, we have created the Ministry of Natural Resources."


"The objective is to take proactive measures of reducing security risks in mining areas, enhance internally generated revenue for the state for service delivery, leverage on the abundant mineral deposits of the state for sustainable growth and development of Bauchi state."


The governor who said the importance of harnessing other sources of revenue by government cannot be over emphasized, pointing out that, the outbreak of COVID-19 pandemic has necessitated governments to diversify their economic sources through developing agriculture and natural resources.


Governor Bala Mohammed charged members of the board of directors of the company to use their expertise in assisting his administration to overcome the challenges affecting the smooth operations of the company to ensure effective service delivery. 


"Let me draw the attention of the appointees that government will give you the necessary support to function, but I am expecting you to use your experience and professionalism to assist my government to achieve the set targets."


Responding, the chairman, Board of Directors of the company, Alhaji Abubakar Mahmoud Lawal, pledged their readiness to discharge their assigned responsibilities diligently and to the best of their ability beneficial to both miners.







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