State governors across Nigeria have launched an investment platform known as NGF Investopedia, designed to attract more Foreign Direct Investments (FDIs) into the country’s 36 states.
The governors explained that the initiative was created to address Nigeria’s low annual foreign investment inflow, which currently stands at about $2 billion—less than 0.5 per cent of the nation’s Gross Domestic Product (GDP).
During the launch in Abuja, the Councillor for Economic Affairs at the United States Embassy in Nigeria, Christine Harbaugh, pledged Washington’s support for projects that highlight investment opportunities in various states.
Director-General of the Nigeria Governors’ Forum (NGF), Abdulateef Shittu, revealed that the country’s infrastructure financing gap is estimated at $100 billion annually, and nearly $1 trillion over the next decade. He noted that while states collectively budgeted more than N17.5 trillion for capital projects in 2025, financing constraints and fragmented entry points had hindered large-scale investor participation.
Chairman of the NGF and Governor of Kwara State, Abdurahman Abdulrazaq—represented by the Governor of Nasarawa State, Engr. Sule Abdullahi—stressed that Nigeria remains Africa’s largest economy, blessed with abundant human and natural resources. He expressed optimism that NGF Investopedia would serve as a credible gateway for global investors seeking opportunities in the country.
