Hong Kong entrepreneurs invest in Bauchi agriculture, solid minerals

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By; MOHAMMED KAWU, Bauchi.

Lee Group, a Hong Kong based conglomerate entity which operates in a number of African countries and Asia, and specializes in the production of steel, footwear and plastic goods is leveraging on the offer being given it by the Bauchi State government to invest in the state.

The Hong Kong conglomerate which has over 35 years in running successful businesses and plans to expand by diversifying into agro-based products and solid minerals in Northeastern Nigeria is willingness to invest in Bauchi state following Governor Mohammed Abubakar’s recent visit to Hong Kong.

A Director with the Lee Group, Mr. Lee Mang Loog has assured of the conglomerate’s readiness to invest in mining solid minerals especially Kaolin, Clay, Quartz, Natural Gas, Iron ore, Hydrocarbon all of which abound in commercial quantity in Bauchi, a press secretary to the State Governor, Abubakar Al-sadique said.

Al-Sadique said in a statement made available to press in Bauchi weekend that the Group is interested in setting up of factories in the state for the manufacturing and production of Truck tyres, Rubber slippers, Ceramic tiles, other ceramic products and Bakery that can generate hundreds of thousands of direct and indirect jobs to the youths.

According to the press secretary, Governor Mohammed Abubakar has urged the group to look into other agro-based investment opportunities such as in the production of Sesame seeds, Soy beans, Poultry and Fishery.

He said that the delegation to Hong Kong led by Governor Abubakar that centered on deriving foreign direct investment into Agricultural, Mining and Tourism sectors included a member State House of Assembly, Director General with Bauchi state Investment Promotion Agency, Muhammad Aminu Musa and Sole Administrator of Yankari Resort and Safari, Engr. Habu Mamman Muhammad.

The delegation visited among others the famous World Food Expo exhibition with a view to creating a platform for institutional recognition of economic potentials of Bauchi state, the Hong Kong Trade Development Council, a statutory and nonprofit body established to promote international marketing of Hong Kong-based traders, manufacturers and service providers.

It also made a sector-based presentation on economic and investment opportunities in Bauchi state ranging from agriculture to solid minerals, tourism and Infrastructure, and showcased the numerous incentives, reforms on land acquisition law as well as Public Private Partnership policy, all in an effort to ease ways of doing business and sustainable support to investment climate in the State.

Bauchi state government to take advantage of its trade mission, Food expo and portal to showcase its enormous potentials especially in solid minerals and agriculture, where the Hong Kong investors are requested to take advantage of the State’s Investment Promotion Agency being a “One-Stop-Shop on investment processes and establishment for any existing and potential investor.

The Hong Kong Tourism Development Company pledged to network within it members on the investment opportunities in agriculture and solid mineral in support of the Bauchi state investment drive, as Hong Kong Tourism Development Company is expected to attend the proposed Bauchi State Investment Summit slated for Bauchi early next year.

Bauchi delegation simi8larly attended the Africa Chamber of Commerce, a private and non-profit-making organization dedicated to serving members by providing an effective platform for enhancement of trade and investment by moderating between investors and relevant authorities, promoting seminars and trade exhibitions in Africa and Asia, among others.

It also showcased the numerous incentives, reforms on land acquisition law as well as PPP policy, all in an effort to ease ways of doing business and sustainable support to investment climate in the core areas of economic and investment opportunities in Bauchi state.

The chairman, Africa Chambers of Commerce, Mr. Mark Chan, who has an investment in Nigeria eco-friendly agrochemicals promised to open up the potentials that exist in Bauchi state to other investors in Hong Kong and mainland China in the area of both agricultural and solid minerals.

Delegation also had meeting with Professor Marafa who is a Director Postgraduate Programme in sustainable Tourism in Chinese University of Hong Kong on the tourism sector and key investment needs, centering on eco-tourism, public private partnership in operation and management as well as development of infrastructure in Sumu and Yankari Resort and Safari

Marafa promised to engage the tourism industry captains in Asia and beyond on the investment opportunities in the sector while promising to invite the BASG to Malaysia Tourism Summit coming up next year which, he said, would be another window of opportunity for Bauchi State Government to showcase its potentials in the tourism sector as well as investment needs.

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