256 Newsroom — Uganda's Digital News Infrastructure
World

Nigeria: Borno Targets Regional Economic Hub Status, Woos Investors for Agric, Livestock Industries

Share
Nigeria: Borno Targets Regional Economic Hub Status, Woos Investors for Agric, Livestock Industries
Image · AllAfrica

What the report says

Borno State in northeastern Nigeria has outlined an economic recovery plan that aims to position the state as a regional center for agricultural processing, livestock-related industries and cross-border trade, according to This Day, which was distributed by AllAfrica. The plan was presented at a private sector investment roundtable in Abuja and is tied to efforts to rebuild livelihoods after years of insurgency and disruption.

State officials said the strategy is meant to move the economy beyond selling raw farm and livestock products. Instead, they want investors to help build processing plants, storage systems, manufacturing businesses, cold-chain facilities and logistics services that can keep more value inside the state and generate jobs. The government highlighted opportunities in agriculture, livestock, renewable energy, housing, trade and regional transport.

Dr. Mairo Mandara, a senior adviser on sustainable development and humanitarian response, said Borno’s location near Chad, Cameroon and Niger gives it an advantage for regional commerce. She pointed to crops such as rice, cowpeas, groundnuts, onions and vegetables, while also describing investment potential in dairy, meat processing, animal feed, veterinary services, leather and hide processing, insurance and transport. She also said solar power could support irrigation and storage, and that reconstruction-related demand could open space for housing and related services.

The state also said it is strengthening its investment agency, improving business procedures and encouraging banks to create lending structures that reduce risk for smaller firms. Officials described the effort as part of a shift from emergency dependence toward private-sector-led growth, with the success of the plan to be judged by actual projects, capital commitments and jobs created.

Read the full report at AllAfrica →

Loading debate for this article…

Other publishers covering this story

No additional verified coverage is currently clustered with this report.

Related reporting