Chinese Firm Fuhai Energy to Invest $2.1 Billion in Bauchi Petrochemical Hub, Promising 50,000 Jobs

A major investment deal is set to transform Bauchi State’s economy, as Chinese company Fuhai Energy Group Company Limited has announced plans to inject $2.1 billion into building a world-class petrochemical industrial hub in the state. The group’s chairman, Sun Jiankang, revealed the commitment during a courtesy visit to Governor Bala Mohammed, stressing that the project will not only drive industrialization but also strengthen ties between China and Nigeria.

The hub, according to Jiankang, will span multiple industries, including petroleum, chemicals, pharmaceuticals, mineral processing, mechanical equipment, and international trade. He expressed optimism that the initiative would make Bauchi one of Africa’s most promising industrial destinations, describing it as both a growth driver and a symbol of bilateral friendship.

Fuhai Energy plans to execute the project in three phases, beginning with a $700 million first phase that will establish 50 factories and create tens of thousands of jobs. At full completion, the hub is expected to house 150 industries and directly employ around 50,000 workers, making it one of the largest single foreign investments in Northern Nigeria.

Beyond industrial development, the Chinese firm pledged to support the local community by employing local workers, building schools and healthcare facilities, and investing in water and gas plants. Jiankang emphasized that the company’s vision is not only to boost revenue for Bauchi but also to improve livelihoods and provide sustainable opportunities for residents.

Governor Bala Mohammed welcomed the investment, assuring that his administration is already working on securing accreditation for the Oil & Gas Free-Trade Zone Authority to ease operations for foreign investors. He noted that Bauchi’s abundant natural and mineral resources make it an ideal site for industrial expansion, reaffirming his government’s readiness to partner with global firms that align with the state’s long-term economic growth agenda.

Source: Leadership