The Yobe State Government has begun discussions with a Russian investment company, Legion Investment Moscow, to establish gas-powered electricity generation plants for the state Agro-Industrial Zone. This initiative aims to provide reliable and sustainable energy for the zone. A delegation from the Russian company recently paid a courtesy visit to Yobe State Governor Mai Mala Buni to enhance relations between the state government and the investors.
The Russian delegation, led by Mr. Leonid Khasiev and accompanied by the company’s technical consultant, Mr. Rasim Azimov, is on an investment and technical assessment mission. The team inspected the proposed project sites, assessed technical and investment requirements, and engaged with relevant authorities towards the proposed energy solution for the Agro-Industrial Zone. This engagement is part of Yobe State’s efforts to transform its agricultural sector.
The proposed gas-powered plant will provide a stable and dependable source of electricity to support agro-processing, manufacturing, storage, cold-chain facilities, and other businesses within the Agro-Industrial Zone. This development is expected to boost economic activities and create job opportunities in the state. The project aligns with Yobe State’s broader efforts to attract international investors and strategic technical partners.
Governor Mai Mala Buni emphasized that the partnership with Legion Investment Moscow will enhance Yobe State’s growing efforts to attract international investors and strategic technical partners. He appreciated the company for its interest in Yobe State and looks forward to constructive engagements that could contribute to the realization of the Agro-Industrial Zone. The governor highlighted the state’s commitment to building strategic partnerships to unlock its economic potential.
The partnership aims to position Yobe State as an attractive destination for agro-industrial investment, creating opportunities for job creation, value addition, industrial development, and increased investment in the agricultural sector. Yobe State remains committed to building strategic partnerships that will unlock the economic potential of its agricultural resources. The state government is optimistic about the potential benefits of this partnership.
The engagement with Legion Investment Moscow forms part of Yobe State’s efforts to transform its agricultural sector from predominantly primary production into a more integrated system. This includes production, aggregation, processing, storage, logistics, and market access. The state government believes that this partnership will contribute to the realization of its development priorities.
The Yobe State Government’s collaboration with Legion Investment Moscow is expected to have a positive impact on the state’s economy and agricultural sector. The project is anticipated to create jobs, stimulate economic growth, and increase investment in the agricultural sector. Key aspects of the partnership include the provision of reliable and sustainable energy for the Agro-Industrial Zone and the transformation of the agricultural sector.
Key points
- Yobe State partners with Russian company to establish gas-powered electricity generation plants for the Agro-Industrial Zone.
- The project aims to provide reliable and sustainable energy for agro-processing, manufacturing, and other businesses within the zone.
- The partnership is expected to create job opportunities, stimulate economic growth, and increase investment in the agricultural sector.
