Bauchi State is set to witness a major industrial boost as Fuhai Energy Group Company Limited of China announced a $2.1 billion investment for the establishment of petrochemical factories.
Group Chairman, Sun Jiankang, disclosed this during a visit to Governor Bala Mohammed, noting that the industrial park will host petroleum, chemical, pharmaceutical, mineral processing, equipment manufacturing, and import-export trade businesses. He described the project as a "symbol of friendship between China and Nigeria."
The project will be executed in three phases, with an initial $700 million investment expected to establish 50 factories and create jobs for 50,000 people across all phases. Beyond job creation, the company also pledged to build schools, healthcare facilities, water, and gas plants to support Bauchi's development agenda.
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Governor Bala Mohammed welcomed the investment, stating that Bauchi is progressing with accreditation for an Oil & Gas Free Trade Zone to ease business operations. He assured the state's full support, stressing the project's alignment with his administration's goal of attracting meaningful investments.
Fuhai Energy Group, a global energy and chemical giant, said the Bauchi industrial hub will become one of Africa's most promising petrochemical cities, boosting revenue and industrialisation in the state.
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