Governor Zulum Secures $100 Million Investments for Borno at UNGA Event

Borno State’s Digital and Economic Future Strengthened by Global Partnerships

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Borno State Governor Babagana Umara Zulum has made important progress in securing $100 million in investments during the Foreign Investment Network (FIN) Deal Room/MoU Signing Ceremony and Forbes Best of Africa Award event in New York. This event took place on the sidelines of the United Nations General Assembly (UNGA) in the U.S.

At the ceremony, Governor Zulum agreed to work with the International Data Center Authority (IDCA) to build digital infrastructure and promote a sustainable digital economy in Africa. IDCA Chairman and CEO, Mehdi Paryavi, highlighted Africa’s potential, noting that Africa’s GDP is expected to reach $4 trillion by 2028, but substantial investment is needed for this growth.

Other agreements facilitated by FIN include a collaboration between the Borno State Government and GTIF Capital for development in esports, technology, healthcare, media, and branding. Additionally, the African Tourism Union will work with Borno to boost tourism, trade, and investment, while Altitude Water will bring Atmospheric Water Generators (AWGs) to the state. A philanthropic effort to raise funds for youth education in Borno was also launched.

FIN also signed agreements with the Asian-African Chamber of Commerce & Industry (USA and Japan Chapters) and 99 Infosystems to foster trade, investment, and economic development between Africa and Asia, and to introduce AI technology solutions in African countries.

During the event, Governor Zulum received the Forbes Best of Africa Leadership and Inclusion Champion Award for his efforts in rebuilding Borno State after the Boko Haram crisis. His nomination recognized his work in emergency response, cultural sensitivity, social cohesion, fair resource distribution, and community involvement.

In his acceptance speech, delivered by his adviser Dr. Mairo Mandara, Governor Zulum outlined his achievements in education, infrastructure, and economic development. He highlighted the establishment of girls’ schools, women’s education advocacy, and the enrollment of over 800,000 children in school. He also mentioned ongoing plans to build homes in local government areas, close formal IDP camps in Maiduguri, and explore partnerships in solar power, food security, and the digital economy.

The event was attended by notable figures such as Zainab Shamsuna Ahmed, Nigeria’s former Minister of Finance, Dr. Abbey of World Liberty TV, and other prominent personalities like Hon. Martin Gama Abucha, Minister of Mining in South Sudan, and various business leaders.