By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Peoples MindPeoples MindPeoples Mind
Notification Show More
Font ResizerAa
Reading: Zulum urges investors to turn Borno’s recovery into economic opportunities
Share
Font ResizerAa
Peoples MindPeoples Mind
Search
Have an existing account? Sign In
Follow US
News

Zulum urges investors to turn Borno’s recovery into economic opportunities

Iriche Emmanuel
Last updated: October 8, 2026 5:59 pm
Iriche Emmanuel
Published: October 8, 2026
Share
SHARE

 

Borno State Governor, Professor Babagana Umara Zulum, has urged Nigeria’s business leaders and private institutions to invest in the state’s recovery from insurgency, help displaced families rebuild their livelihoods, and create jobs for young people.

 

The governor made the call on Thursday at the opening of a two-day Borno State Durable Solutions to Internal Displacement Private Sector Roundtable at the Lagos Continental Hotel, Lagos.

 

The meeting, themed “Mobilising Private Capital for Durable Solutions and Sustainable Development”, was attended by senior government officials, corporate leaders, business executives, development partners, philanthropists, and other stakeholders in the sector.

 

The governor, represented by his deputy, Hon. Usman Kadafur, asked companies and private institutions to support resettled communities, partner with vocational institutions, and invest in businesses that can sustain themselves.

 

He called for business commitments with clear timelines and measurable results, stressing that, “A camp cannot become a permanent address. And dependence cannot be the inheritance we pass from one generation to another,” .

 

Babagana Zulum thanked humanitarian organisations for saving lives during the crisis, saying lasting recovery requires families to earn a living, access essential services, and regain their independence.

 

He said Borno’s 25-Year Development framework aims to develop the state into a secure, competitive agribusiness and commercial hub through investment in people, agriculture, health, environmental sustainability, and regional trade.

 

He stressed that moving a family out of a camp does not, on its own, resolve displacement, adding, “We have learned that closing a camp is not the same thing as ending displacement,” .

 

The governor cited Monguno, where the state government, the United Nations Development Programme, the Federal Government, Germany, and other partners supported the provision of 1,900 permanent homes and semi-permanent shelters, alongside 375 solar streetlights.

 

About 4,000 people received grants, technical and vocational training, start-up packages, and agricultural inputs, with women making up 40 per cent of the beneficiaries. The programme also covered water, energy, markets, essential services, safety, and social cohesion.

 

“Housing alone is not resettlement. Housing plus livelihoods, education, healthcare, security, infrastructure and economic opportunity is what turns a settlement into a community,” he said.

 

On education, the governor said the administration had built 104 new schools and rehabilitated 2,931 classrooms and related facilities by December 2025. School enrolment had also risen above 1.8 million children, while the estimated number of out-of-school children had fallen below 800,000.

 

He noted that about 3,000 young people also graduated from nine vocational enterprise institutes and centres across the state earlier in 2026. They received tools, starter packs, and entrepreneurship support to help them put their training to use.

 

“I am therefore not asking you to choose between conscience and commerce. I am asking you to recognise that, in Borno, conscience and commerce can reinforce one another,” he said.

 

The governor asked companies to direct their corporate social responsibility spending toward projects that will help communities become self-sufficient. These could include schools, vocational centres, primary healthcare facilities, water systems, and support for women and youth entrepreneurs.

 

“I therefore propose that this roundtable must not end with photographs and communiqués.”

The governor urged business leaders to help displaced families become homeowners, farmers, employees, and entrepreneurs, while opening up employment and business opportunities for young people vulnerable to violent recruitment.

 

In their separate remarks, the Acting Chief of Staff to the Governor, Dr Babagana Mustapha Malumbe, and the Chief Adviser to the Governor on Sustainable Development, Partnership and Humanitarian Support, Dr Mairo Mandara, expressed the Zulum administration’s readiness to provide strong partnerships and a level playing field for sustainable investment.

 

Leading business and financial institutions, as well as development partners, attended the roundtable, including the Dangote Group, First Bank, the United Nations Development Programme (UNDP), the United Nations High Commissioner for Refugees (UNHCR), the International Organisation for Migration (IOM), and the German Corporation.

 

The Borno State Government delegation at the roundtable also included Commissioners for Reconstruction, Rehabilitation and Resettlement; Finance; Information and Internal Security; Works and Housing; Special Advisers; Permanent Secretaries; and the Executive Secretary of the Borno State Investment Promotion Agency (BOSIPA), among other government officials.

Reps withdraw own state police bill
Court shifts hearing in fresh suit seeking Police probe into Mohbad’s death
Nigeria lifts ban on Christian pilgrimage to Israel
Chevron, NGIC seal deal for Escravos gas delivery
Reps call for establishment of post-service housing scheme for ex-military personnel, widows
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?