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Wednesday, October 8, 2025

Nigeria needs local, international investments for economic growth: Obasanjo

Mr Obasanjo highlighted that both local and international investments must be mobilised to accelerate national economic growth.

• October 8, 2025
Olusegun Obasanjo
Olusegun Obasanjo

Former President Olusegun Obasanjo says Nigeria needs to mobilise private sector investments to fast-track sustainable economic advancement.

He said this in Bauchi on Wednesday at the inauguration of the International Conference Centre (ICC), constructed by Bala Mohammed’s administration.

The centre was named after the first premier of Northern Nigeria, Ahmadu Bello.

Mr Obasanjo highlighted that both local and international investments must be mobilised to accelerate national economic growth.

“Some people don’t even have half of what we have. We have a world-packed centre which can be developed and made one of the tourist attractions in Nigeria.

“The people that will be coming here will be able to stay in the hotels, interact, have discussions and conferences in this ICC, and make Bauchi a centre of attraction and tourism for Nigeria.

“Not only are we commissioning this, we are starting with a conference to talk about investment, and what do we need in Nigeria today? We need to mobilise investments from local and international,” he said.

Mr Obasanjo also promised to showcase Bauchi to the world to attract investments to the state.

Mr Mohammed said the ICC was initiated to attract local and international businesses to invest in the state.

Also, Reuben Okoya, the contractor handling the project, said the centre was designed to accommodate 3,000 people, noting that 10 separate events could take place simultaneously at the centre.

The event was attended by Vice President Kashim Shettima, Governor Babagana Zulum of Borno, the Sultan of Sokoto, Muhammad Sa’ad Abubakar III, Deputy Governors Bayo Lawal of Oyo and Josephine Piyo of Plateau, and others. 

(NAN)

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