Taraba State Governor, Agbu Kefas
Taraba State has secured a major financial boost with a $268.63 million (over ₦400 billion) investment from the ECOWAS Bank for Investment and Development (EBID), aimed at transforming the state’s agriculture, energy, and industrial sectors.
The investment, facilitated by the State Ministry of Energy and Economic Development, will fund four key projects:
A 10,000-hectare rice farm equipped with an advanced irrigation system,
A state-of-the-art rice mill with a 16-tonne processing capacity,
A new industrial park featuring agro-processing and logistics hubs,
A 50-megawatt solar power plant to strengthen renewable energy supply.
Commissioner for Energy and Economic Development, Engr. Naomi Tanko Agbu, described the funding as the result of months of strategic planning and stakeholder collaboration.
“These projects represent a bold step forward for Taraba,” she said.
“They reflect the vision of Governor Kefas to reverse years of underdevelopment through high-impact, practical initiatives.”
According to Agbu, the initiative aligns with Governor Agbu Kefas’ broader development agenda, which focuses on security, infrastructure, industrial expansion, and attracting private and institutional investment.
She commended the teamwork behind the deal, acknowledging the dedication of the governor, ministry officials, consultants, and other partners involved.
“Our guiding principle is togetherness. Let’s build Taraba together under the leadership of His Excellency, Dr. Agbu Kefas,” she urged.
“Citizens must remain engaged and supportive as these projects begin. This is a shared journey to a more prosperous future.”
The projects are projected to create thousands of jobs, boost local economies, and position Taraba as a regional leader in agriculture and clean energy across Nigeria and West Africa.
