Zulum to establish investment promotion agency in Borno

Babagana Zulum, governor of Borno, has announced his administration’s decision to establish an investment promotion agency in the state.

The governor said this on Wednesday when he paid a visit to the headquarters of the Nigerian Investment Promotion Commission (NIPC) in Abuja.

The agency, Zulum said, will have a core mandate of achieving his administration’s drive to restore the state’s investment potentials in different sectors, particularly agriculture and mining.

Speaking on the state’s investment potential, the governor said that Borno’s geographical location bordering three countries have placed the state at a very high investment competitiveness index which provides a market for products easily.

He also said that attracting more investors to the state will create employment opportunities for the teeming youth devastated by the over one decade-long insurgency.

Zulum said the state government has invested heavily in vocational skills training in different trades which produces enough local manpower that investors can explore.

In her remarks, Yewande Sadiku, executive secretary of NIPC, assured Zulum of the agency’s commitment to support Borno.

She said the NIPC will assist Borno to set up a sustainable investment promotion agency by providing the necessary guidance in the establishment of all the layers needed.

Sadiku added that the NIPC would consider Borno as one of their key investment destinations.