Zamfara signs $1bn MoU with Afreximbank


The Zamfara state government in Northern Nigeria has signed a one billion US dollar Memorandum of Understanding (MoU) with Afreximbank for the economic revitalisation of the State.

Governor Bello Matawalle during the signing ceremony held at the Transcorp Hilton Hotel, Abuja expressed appreciation to the bank for agreeing to support his administration to provide enabling environment to boost trade and industrialisation in the state

He listed the areas the MoU would cover to include solid minerals, agriculture, textile development, healthcare, airport construction and power generation.

Matawalle assured of his administration’s determination to facilitate all the legal steps to back the agreement.

He noted that improvement in the state economic sectors would translate to more internal revenue and more job opportunities for the youths.

President of the Bank, Dr Benedict Oroma, said Afreximbank became interested in investing in Zamfara because of the clear and renewed economic vision of the government.

He assured attainment of an economic investment that would uplift the state’s economic status and create more wealth and social security for the people of the state and beyond.

Peace PIAK