Nigeria Governors’ Forum (NGF) has launched a digital platform called NGF Investopedia to draw investors and tackle a $100 billion infrastructure funding shortfall.
Unveiled in Abuja on Tuesday, the platform acts as a centralized hub for investors seeking reliable and transparent investment prospects across Nigeria’s 36 states.
NGF Chairman and Kwara State Governor, Abdulrahman Abdulrazaq, described the initiative as a critical step to bridge Nigeria’s infrastructure financing gap, estimated at $100 billion per year.
He emphasized the need to attract both global and African capital to fund projects that create jobs, modernize infrastructure, and promote inclusive growth.
“This isn’t just a directory—it’s a gateway that shows investors where and how to invest in Nigeria with confidence,” Abdulrazaq stated.
He highlighted partnerships with key organizations, including Afreximbank, UNDP, and the Ministry of Finance Incorporated (MOFI). Additionally, Abdulrazaq announced the creation of the NGF Fund, developed in collaboration with Cavista Holdings, to convert opportunities into tangible investments.
The fund will leverage the NGF’s governance credibility to channel capital into verified state-level projects featured on the Investopedia platform.
Abdulrazaq called on local and international investors to collaborate with Nigeria’s states, stating, “The opportunities are immense, our commitment is unwavering, and the time to act is now.”
NGF Director-General Abdulateef Shittu described the Investopedia as a transformative step in enhancing Nigeria’s investment readiness at the state level.
He noted that Nigeria’s foreign direct investment (FDI) inflows, which reached $1.87 billion in 2023, remain below the African average, with investments primarily in oil and gas, telecommunications, real estate, and agriculture.
Shittu explained that the platform consolidates viable projects from all 36 states, offering investors a streamlined way to access credible opportunities supported by transparent processes and robust oversight.
He emphasized that the initiative fosters partnerships for financing, technical assistance, capacity building, and risk mitigation.
“Today marks a shift from discussing potential to presenting actionable pathways for global, African, and domestic capital to flow into our states,” Shittu said.
“The resulting prosperity—through jobs, infrastructure, and inclusive growth—will be a lasting legacy for this generation of leaders.”
NAN
