The discovery of oil and gas deposits in Kolmani area of Bauchi State, the Northern part of Nigeria, has provided the state with potentials for economic development in the oil and gas, as well as other related sectors.This was stated by the governor of the state Bala Muhammad, during the presentation of the 2024 budget to the state House of Assembly.
He said that the state is working with key investors to establish an Industrial Complex for Natural Gas and Associated Products with industries that would focus on utilisation of natural gas, according to Opera News.
As part of his government’s effort, the state will build on the relationship it already has with China through the Bauchi-Shandong Sister State-Province, to attract more investors in the oil and gas, agriculture and other related sectors from that part of the world.
Similarly, efforts are being made to establish such relationships and attract investors from the United Arab Emirate UAE, Saudi Arabia, and from key local investors that have shown willingness and commitment to work with the state.
