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Kogi Economic Summit: Government Signs seven MOUs on power, agriculture, tourism development

Development partners and investors who were satisfied with the potentials showcased at the 2018 Kogi Economic and Investment Summit signed several memoranda at the end of the event midweek to develop the State’s agriculture, power and tourism.

A total of seven Memoranda of Understandings (MOUs), were signed by the Kogi State Government with four energy companies, two agricultural companies and a tourism developing company.

The companies who are both local and foreign averred that their decision to enter into business agreement with the state government was on their conviction that Kogi is a fertile land for profitable investments.

The memoranda on power and tourism were signed respectively by Power China International Group Limited and Ghaba International before the Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo.

The Power China International Group Limited entered into the agreement to build 10MW solar power plant in the State and provide 33KVA lines for its evacuation to local grid, while Ghaba International agreed to build a 20-storey facility on the top of Mount Patti, in the State capital to attract tourists.

In his keynote address, Prof. Osinbajo described Governor Bello as both ambitious and far-sighted. He said he had been privileged to see a document that outlined a 32-year Master Plan for the state, which was developed by the current government.

Speaking on the MOUs, the Commissioner for Finance, Asiwaju Idris, said the partners were carefully selected and the process was duly certified by the Ministry of Justice. He said the signing was planned for several months and he was happy that it was actualised.

“Kogi people should be proud that at last they have a Governor that has the political will to use the resources of the state to create wealth for the majority of the people.

“To demonstrate his seriousness, in front of live cameras and with the whole world watching, Governor Bello signed two MOUs on Day One of the summit that will have lasting positive impact on the economy of the state and her good people. This shows the summit was not only a talk shop but one that has already wielded results without delay,” he explained