The Moroccan Investment and Export Development Agency (AMDIE) has announced plans to attract investors for direct investment in Yobe State’s agriculture and green energy sectors.
This was disclosed by Yassine El Ahyani, Head of Emerging Industries at AMDIE, during a meeting in Rabat, Morocco, with a Yobe State delegation led by the Secretary to the State Government, Baba Malam Wali.
El Ahyani highlighted Yobe’s rich agricultural resources, particularly sesame seeds and gum Arabic, as valuable commodities in the global market.
“Sesame seeds are in high demand worldwide and could generate substantial returns for investors. Investing in agriculture presents a win-win opportunity for both investors and their partners in Yobe State, given the increasing demand for agricultural products,” he stated.
In addition to agriculture, El Ahyani underscored the potential of green energy investment for both local use and export.
“This is another sector we should explore to create mutually beneficial opportunities for Yobe State,” he added.
Yobe Assures Investors of Favorable Conditions
Wali assured AMDIE that investors would enjoy favorable conditions in Yobe, emphasizing the state’s commitment to creating an investor-friendly environment.
“We offer good incentives and excellent investment opportunities in agriculture, particularly in sesame seeds, gum Arabic, beans, groundnuts, and other crops,” he said.
Commissioner for Agriculture and Livestock Development, Mustapha Goniri, further highlighted the exceptional quality of onions produced in Geidam and other parts of Yobe, attributing it to the region’s unique soil, water, and climate conditions.
“A collaboration between local farmers, the Yobe State government, and foreign investors could unlock significant investment opportunities. The Yobe State cargo airport will also facilitate swift delivery of agricultural products to international markets,” Wali explained.
Tourism Investment in Dufana Canoe
As part of their engagement in Morocco, the Yobe delegation also explored tourism investment opportunities. AMDIE expressed interest in investing in the Dufana Canoe—believed to be the world’s second-oldest canoe—to boost tourism in the state.
El Ahyani acknowledged the canoe’s historical significance and economic potential.
“The Dufana Canoe could generate significant economic returns, create employment opportunities, and drive infrastructure development in Yobe State,” he noted.
Wali reaffirmed the government’s commitment to fostering tourism, particularly around the Dufana Canoe and other cultural festivals.
“This initiative aligns with Governor Buni’s policy of generating employment for youth in hospitality, transportation, and tour guide services,” he said.
Ahmed Gombe, CEO of African Network, assured that documentation procedures for the investment process would be completed promptly. He also commended the Yobe State government for its dedication to diversifying revenue streams, creating job opportunities, and fostering economic growth.
