Borno State has secured five major investment commitments valued at over $300 million across agriculture, clean energy infrastructure, digital connectivity, and affordable housing, marking a significant milestone in the state’s ongoing economic reconstruction and diversification efforts.
The investments were facilitated by the Borno State Investment Promotion Agency, BIPA, working with relevant government institutions, and reflect renewed private sector confidence in Borno’s economic potential and improving institutional capacity to support large-scale projects across key sectors.
Officials of the agency said the investment inflow is the result of deliberate policies designed to reposition the state from post-conflict recovery to sustainable economic growth. They noted that recent reforms, improved coordination, and clearer investment processes have helped attract credible private investors.
The largest investment commitment comes from Greenville Nigeria Limited, which has pledged an estimated $300 million to establish Liquefied Natural Gas, LNG, and Compressed Natural Gas, CNG, hubs in Borno State. The project forms part of the company’s broader expansion strategy across Northern Nigeria.
The planned LNG and CNG hubs will introduce modern fuelling infrastructure to serve heavy-duty trucks, commercial fleets, and private vehicles. The facilities are expected to offer cleaner and more affordable energy options at a time when fuel costs remain high across the country.
According to stakeholders, the clean energy project is expected to lower transportation costs for businesses while reducing carbon emissions. A government official said, “This investment will not only ease the burden of high fuel costs on transporters and businesses but also position Borno as a strategic clean-energy gateway for the North.”
In agriculture, Greenstripes Agro-Allied Solutions Limited has received approval from the Borno State Government, through the FRILIA Steering Committee, to implement a ₦2.5 billion Pilot Wheat Farming Project. The initiative will be carried out across selected farmlands in Maiduguri, Jere, and surrounding farming communities.
The project is designed to boost local wheat production, support smallholder farmers, and build a sustainable agricultural value chain within the state. The pilot phase will involve farmer mobilisation, land preparation, mechanised farming, distribution of improved seeds and inputs, extension services, and post-harvest handling.
Officials said the wheat project would “strengthen food security, create rural employment, and gradually reduce dependence on imported wheat, while turning agriculture into a reliable engine of economic growth for Borno State.”
Borno has also recorded progress in digital infrastructure, with approvals granted for two fibre optic projects aimed at improving connectivity in Maiduguri. OKK Global Resources Limited has been approved to deploy optical fibre across about 26 kilometres of strategic urban routes, including Giwa Barracks, Bulumkutu, and other key corridors.
The fibre deployment by OKK Global Resources Limited represents an estimated ₦7 billion private sector investment. It is expected to strengthen Maiduguri’s digital backbone by enabling faster internet access, improved public service delivery, and technology-driven commercial activities.
An official said, “Reliable digital infrastructure is critical for modern governance, commerce, and innovation, and these investments will place Maiduguri on a stronger digital footing.”
Complementing this effort, M. Kullima Tech Limited has received approval to deploy fibre optic infrastructure along the Bulumkutu Axis. The project covers a nine kilometre right-of-way, including a 1.1 kilometre stretch through Bulumkutu and neighbouring communities.
Valued at approximately ₦450 million, the project will further expand broadband access and create employment opportunities for local workers. Combined, the two fibre optic projects represent a total investment of about ₦7.45 billion and will cover more than 35 kilometres of digital network infrastructure across Maiduguri.
In the housing sector, the Borno State Government has entered into a Public Private Partnership, PPP, with Think Lab Group Limited to deliver affordable housing in Maiduguri. The agreement, signed in February 2025, represents an estimated ₦20 billion investment.
The housing project focuses on completing two major estates with a total of 594 housing units. This includes 404 units in Bakassi GRA and 190 units in the Dr. Shettima Ali Munguno Teachers Village.
Under the arrangement, Think Lab Group Limited will provide project financing, while the state government contributes existing uncompleted housing units. Revenues will be shared on a 60 to 40 basis in favour of the investor.
The developments will also include supporting infrastructure such as roads, water supply, and electricity. The housing units are targeted at low income earners, internally displaced persons, IDPs, and public servants.
Commenting on the overall investment inflow, Hajj Maryam Shehu described the developments as evidence of Borno’s economic transition. “These investments reflect Borno’s shift from emergency response to structured economic development,” she said.
She added, “We are seeing strong interest from investors in energy, agriculture, technology, and housing because of our commitment to creating an enabling environment for private capital while addressing the state’s most pressing development needs.”
Collectively, the five investments are expected to address key infrastructure gaps while supporting Borno’s broader reconstruction and economic diversification goals across multiple sectors.
