Gombe govt partners Afreximbank on developmental projects

•Funding for 100mw solar, canalisation of Balanga Dam, Wawa-Zange grazing reserve projects at centre stage

Gombe State Government is to partner with Afreximank on key development projects including 100mw solar power, the canalisation of the Wawa-Zange Grazing Reserve and the Balanga Dam and Irrigation project.

Consequently, the State Governor, Muhammadu Inuwa Yahaya, held high-level talks with the President of the African Export-Import Bank (AFREXIM Bank), Professor Benedict O. Oramah, at the Bank’s headquarters in Cairo, Egypt.

The discussions centred on securing financing for key infrastructure projects aimed at driving industrial growth and sustainable development in Gombe State.

The projects are expected to enhance energy security, boost agricultural productivity, and promote economic diversification in the state.

During the meeting, attended by the Executive Vice President for Africa Trade and Export Development, Mrs. Kanayo Awani, along with other senior executives of AFREXIM Bank, Governor Inuwa Yahaya made a comprehensive presentation on investment potentials and ongoing infrastructural transformation in Gombe State.

The Governor outlined his administration’s vision to position Gombe as a hub for industrial and economic activities in Nigeria, emphasizing the potential impact of the proposed projects in addressing critical development challenges while enhancing the state’s competitiveness.

In his response, President of AFREXIM Bank, Professor Benedict Oramah, commended Governor Inuwa Yahaya for his foresight and commitment to development.

He noted that the proposed projects are in line with the bank’s mandate of promoting trade and economic growth across Africa.

While expressing confidence in the impactful potential of the projects, he assured the Governor of the bank’s willingness to support their implementation.

Similarly, the Executive Vice President for Africa Trade and Export Development, Mrs Kanayo Awani, lauded Governor Inuwa Yahaya’s visionary leadership and reiterated the bank’s commitment to working with the state government to bring the proposed projects to fruition.

Inuwa Yahaya was accompanied by key officials, including the Commissioner for Finance and Economic Development, Muhammad Gambo Magaji and his Trade, Industry and Tourism counterpart, Nasiru Mohammed Aliyu, Director General of Research and Development, Ahmed Hussaini and prominent industrialist, Abdulmumini Yunusa.

The delegation also included Chris Oshiafi, Chairman of PAC Capital, who serves as the Transaction Adviser, alongside representatives from Onyx Consulting, the fund arrangers for the projects.

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