Borno State seeks private investment to drive economic recovery

The Borno State Government has launched a 90-day framework designed to convert investment interests into bankable projects, aiming to transition the region from humanitarian dependence toward private sector-led growth. During a Private Sector Engagement and Investment Roundtable in Abuja, officials identified priority sectors including agriculture, livestock, fisheries, manufacturing, renewable energy, and urban infrastructure.

International partners, including the United Nations, the European Union, and the German government, pledged support for these efforts. Representatives from these organizations emphasized that public grants and budgets are insufficient to meet the scale of recovery needed following years of insurgency. They encouraged investors to utilize state incentives, such as land access and tax measures, or to support the proposed Borno State Durable Solutions Trust Fund to create jobs and livelihoods for displaced families.