The Adamawa State Government has unveiled plans to establish a Free Trade Zone and an Industrial Park as part of new initiatives to boost investment, generate employment, and accelerate economic growth.
Governor Ahmadu Umaru Fintiri approved the projects through the Adamawa State Investment Promotion Agency (ADIPA), with preparations already underway for the maiden Adamawa Investment Summit. The summit is expected to provide a platform for showcasing the state’s economic potential to both local and international investors.
Speaking on the development, the Executive Secretary of ADIPA, Halilu Hammawa, said the agency is committed to repositioning Adamawa as a competitive investment hub.
“Our vision is clear and ambitious. Over the next few years, we aim to attract at least 20 new investment projects, mobilize $1 billion in capital inflows, and create 2,500 direct jobs,” Hammawa stated.
He identified agribusiness, livestock, renewable energy, solid minerals, and industrial development as the government’s priority sectors, stressing that Adamawa is ready to move “from potential to prosperity.”
Governor Fintiri expressed optimism that the proposed Free Trade Zone, Industrial Park, and the forthcoming investment summit will reposition Adamawa as a leading destination for trade and industrial activities in Nigeria’s Northeast.