Govs launch investment platform, budget N17.5 trn for capital projects
Governors of the 36 states of the federation on Tuesday launched investopedia, to unlock investment and development projects at the sub-national level. In his keynote address at the event held at the Transcorps Hilton Hotel in Abuja, Chairman of the Nigerian Governors’ Forum (NGF) and Kwara State Governor, Abdulrahman Abdulrazaq, said the annual infrastructure financing […]
chairman, nigeria governors’ forum, governor abdulrahman abdulrazaq of kwara state
Governors of the 36 states of the federation on Tuesday launched investopedia, to unlock investment and development projects at the sub-national level.
In his keynote address at the event held at the Transcorps Hilton Hotel in Abuja, Chairman of the Nigerian Governors’ Forum (NGF) and Kwara State Governor, Abdulrahman Abdulrazaq, said the annual infrastructure financing gap for Nigeria is estimated at $100 billion — a gap he said the states bear the heaviest responsibility to bridge.
He said the launch was aimed at unlocking prosperity, and mobilising both global and African capital to finance projects that create jobs, modernise infrastructure, and drive inclusive growth.
Abdulrazaq, whose speech was read by the Nasarawa State governor, Abdullahi Sule, explained that the NGF’s investopedia would serve as a one-stop shop for investors, providing credible, transparent, and curated pipelines of projects across all the 36 states of the federation.
“It is not just a catalogue — it is an entry point, showing investors not only where to invest, but also how to invest in Nigeria with confidence.
Nigeria is Africa’s largest economy, endowed with abundant human and natural resources. Yet, over the last decade, our Foreign Direct Investment (FDI) inflows have averaged only USD 2 billion annually, which is less than 0.5% of GDP.
“With the NGF investopedia, backed by strong partnerships and the NGF Fund, we are sending a clear signal: Nigeria’s sub-national are open, credible, and investment-ready. Together, we can bridge the infrastructure gap and unlock a new era of prosperity for our people,” the governor added.
‘…States budget N17.5 trn for capital projects’
The NGF Director-General, Abdulateef Shittu, disclosed that states collectively budgeted over N17.5 trillion for capital projects in 2025, reflecting their commitment to transform infrastructure and social services.
“Yet, financing constraints and fragmented entry points often prevent investors from engaging at scale,” he lamented.
“It is precisely this challenge that the NGF investopedia seeks to solve. By curating bankable pipelines of projects across all 36 states, the platform provides investors a one-stop shop to engage with credible opportunities, backed by a transparent process, strong institutional oversight, and global visibility,” he explained.