The Zamfara State Government has signed a Memorandum of Understanding (MoU) with Afreximbank on an agreement for 1 Billion US dollar investment input in mining, agriculture and industrial development. The event which took place yesterday at Transcorp Hilton Hotel witnessed the attendance of the President of Afreximbank Professor Benedict Oramoh.
Mr. Benedict Oramoh expressed appreciation over the dedication of the new government and its "clear vision" in developing Zamfara State. He applauded Governor Bello Matawalle for recording successes in the fight against banditry in the State. He further disclosed that an MoU has been ratified to foster economic development using the state's potentials and basic industrial resources for a robust economic growth and development in agriculture and mining.
Following the partnership agreement, Afreximbank has offered Zamfara the sum of One Billion US dollar as investment input to facilitate trade and industry through revival of cotton production, animal husbandry, beef processing company and exploring opportunities in minerals and water resources.
Responding, Governor Matawalle thanked Mr. Benedict for the support adding that the Zamfara is now safe and welcomes investors to partner with the government in restoring the state's lost economic activities. He assured Mr. Benedict and all investors of their safety in Zamfara State.
Ibrahim Bello Zauma
SSA NEW MEDIA
28/07/2019