Gov. Bello Matawalle of Zamfara, has signed a 1bn US dollar Memorandum of Understanding, MoU, with Afreximbank for the economic development of the State.
This is was disclosed in a statement signed by the governor’s Director-General on Press Affairs, but Yusufs on Sunday.
According to him, the signing ceremony took place at the Transcorp Hilton Hotel, Abuja.
The statement explained that Matawalle signed on behalf of Zamfara State Government while President of Afreximbank, Dr. Benedict Orama signed for the bank.
It further noted that the governor expressed appreciation to the bank for its readiness to support his administration to provide enabling environment to boost trade and industrialisation in the state.
The statement listed the areas the MoU would cover to include solid minerals, agriculture, textile development, healthcare, airport construction and power generation.
It quoted Gov. Matawalle as assuring of his administration’s determination would facilitate all the legal steps to back the agreement.
He also assured that the government would ensure diligence, due process and accountability in implementing the agreement.
The statement noted that improvement in the state’s economic sectors would mean more internal revenue and more job opportunities for the youths.
The governor further explained that the bank would invest the one billion US Dollars with no counterpart funding from the government.
He pledged however, that the Zamfara government would provide enabling environment for investors expected to tap from the fund.
In his remarks, President of the Bank, Benedict Oroma, said his bank became interested in investing in Zamfara because of the clear and renewed economic vision of the government.
