.Seeks support of embassies and high commissions
Jonas Ezieke, Abuja
Taraba State government has said it has set a target of $500 billion from local and foreign investors to reinvigorate the economy of the state as it holds the first investment summit in the state on Wednesday May 21, 2025.
Taraba State Governor Dr.Kefas Agbu stated this at the briefing of the members of the Diplomatic Corps at the Routunda Ministry of Foreign Affairs Tafawa Balewa House Abuja on Monday
He said that the state which was created in 1991 alongside other states by the Ibrahim Babangida military administration is no the in newst investment destination in the country.
According to him, the state is organizing it’s first investment summit to attract local and foreign investment into the agricultural, energy, mining and industrial sectors of the states economy adding that they are unlocking the huge economic potential of the state.
The state chief executive further revealed that state is richly endowed with minimal resources including gold uranium and agriculture is a major occupation of indegengens and other residents of the state.
He said that local and international investors should bring their, capital, expertise and potentials to the state as they are going to gather for the first investment summit since the creation of the state.
The Governor revealed that there is arable land for rice, maize and other crops farming in the state and there is constant power supply because the state is connected to the national grid among other benefits.
He called on all the Embassies and High Commissions of foreign nations in Nigeria to collaborate with the state government by submitting a list of foreign investors and technical partners that would attend the summit from their respective countries.
The organizers of the summit he also said will at the event negotiate on memorandum of understanding and sign agreements on the investment decisions from the investors and some other critical stakeholders.
