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Borno State, which is essentially an agrarian society is strenuously making efforts to progress into agro-industrial economy so as to achieve economic diversification, create employment, generate income and promote sustained growth of the economy.

Towards this end, dormant and ailing industries are being resuscitated or strengthened. Principal among such projects are NEITAL Tannery and Shoes Factory, Borno Wire and Nail Industries, Soda Ash Plant, Borno Livestock Company, Maiduguri International Hotel, etc.

Borno Investment Company Limited, was set up to promote the industrial and commercial development and growth of the State. The investment company oversees and monitors the existing government investments and encourages foreign investors to invest in the state.