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At the Bauchi Economic & Investment Summit on Wednesday, billionaire Muhammadu Indimi pledged to invest $250 million into infrastructure, agriculture, and industrial projects in Bauchi State, aligning his plans with President Bola Tinubu’s message that “there is no better time to invest in Nigeria than now.”
Tinubu, speaking to domestic and international investors, painted a picture of a nation exiting economic instability and urged state governments to create enabling environments that match private capital ambition. He referenced Indimi’s pledge as a vote of confidence in that vision.Should Indimi honour his pledge, state officials say they intend to channel the funds toward roads, power, agro-processing industries, and improving logistics for local farmers. With Bauchi’s agricultural and mineral potential—along with proximity to key transport corridors—the state sees this as an opportunity to become a magnet for downstream value chains.
Indimi, 78, is the chairman of Oriental Energy Resources, a privately held Nigerian oil exploration and production company that he founded in 1990. He is also the largest individual shareholder in Nigeria's Jaiz bank.
