Nigeria’s 36 state governors have launched a new investment platform aimed at attracting more foreign direct investment into the country. The initiative, called ‘NGF Investopedia’, was unveiled in Abuja by the Nigeria Governors’ Forum.
The Director-General of the Forum, Abdulateef Shittu, said the platform will serve as a one-stop shop for investors by showcasing bankable projects across the states. He noted that Nigeria faces an annual infrastructure financing gap of $100 billion, which public budgets alone cannot cover.
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Forum Chairman and Kwara State Governor, AbdulRahman AbdulRazaq, said foreign direct investment into Nigeria has averaged only $2 billion a year, less than half a percent of GDP. He added that the new platform would help states mobilise both global and African capital to finance infrastructure, create jobs, and boost inclusive growth.
The NGF Investopedia will be published every two years and highlight major projects, investment incentives, and sectoral opportunities, giving investors greater confidence in Nigeria’s subnational economies.
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