By; MOHAMMED KAWU, Bauchi
Governor Bala Mohammed has emphasized the need for turning around the economic fortunes of Bauchi State especially in exploiting the vast mineral resources abounds in the state with a view to putting it on the global map of solid minerals.
Inaugurating the board of directors of the State Mining, Synergy and Exploration Company Monday, the governor said this has become necessary considering the abundant natural resources of the state with most of its mineral resources in high demand across the global markets.
He therefore urged business community both local and international, corporate organizations to come and invest in the state’s mineral resources sector for the economic growth and development of the state.
The governor assured all key stakeholders in the mineral resources development sector of the commitment of his administration to support them to develop the sector for the overall growth and development of the state.
“It gives me a great pleasure to welcome you to this inauguration which is yet another milestone in our efforts towards realizing our potentials in the mining resources sector of the state economy”.
Bala recalled his electioneering campaign promises in which he promised to lay a solid foundation for sustainable development of Bauchi economy through other sources of income as against the state traditional dependency on revenue from the federation account.
Governor Bala stated, “Since 2019, when we assume the mantle of leadership of Bauchi state, every action we took is geared towards fulfilling our campaign promises”.
“With the discovery of oil in Bauchi and in our commitment to compliment the efforts of the Federal government in achieving one of the cardinal principles of economic recovery growth plan, we have created the Ministry of Natural Resources”.
The objective, he said, is to take proactive measures of reducing security risks in mining areas, enhance internally generated revenue (IGR) for service delivery, leverage on abundant mineral deposits of the state for sustainable growth and development.
He stressed the importance of harnessing other sources of revenue by government, pointing out that the outbreak of COVID-19 pandemic necessitated governments to diversify their economic sources through developing agriculture and natural resources.
The governor charged members of the Board of Directors of the Company to use their expertise in assisting his administration to overcome the challenges affecting the smooth operations of the company to ensure effective service delivery.
Bala drew the attention of the board members that government will them all necessary support for the company to effectively function, and urged them to use their vast experience and professionalism to assist the state government to achieve the set targets.
The Chairman, Board of Directors of the Company, Alhaji Abubakar Mahmoud Lawal had while responding, pledged their readiness to discharge the assigned responsibilities diligently and to the best of their ability for the beneficial of both government and miners.