NGF unveils Investopedia to attract global investments, bridge Nigeria’s $100bn annual infrastructure gap, and boost inclusive economic growth across all states
The Nigeria Governors’ Forum (NGF) has launched Investopedia, a strategic investment promotion platform designed to bridge Nigeria’s annual $100 billion infrastructure gap and make the country a top destination for global and African capital.
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The launch took place on Tuesday in Abuja and was led by NGF Chairman and Kwara State Governor AbdulRahman AbdulRazaq, who was represented by Nasarawa State Governor Abdullahi Sule.
Governor AbdulRazaq noted that despite Nigeria’s vast economic potential, foreign direct investment (FDI) inflows have averaged just $2 billion annually—less than 0.5% of GDP—and are heavily concentrated in a few sectors.
“The NGF Investopedia is a one-stop entry point that shows investors not only where to invest, but how to invest with confidence,” he stated.
He emphasized that public sector funding alone cannot close the infrastructure financing gap, and that a new approach was needed to attract private, global, and catalytic capital.
NGF Investopedia is a biennial investment compendium that will:
- Feature high-impact projects across Nigeria’s 36 states
- Highlight investment incentives and market insights
- Be published in both print and digital formats
- Be showcased globally at events such as the UN General Assembly, Intra-African Trade Fair, and the Africa Investment Forum
AbdulRazaq added that sectors such as agro-processing, renewable energy, ICT, and finance present not just investment opportunities, but avenues for job creation and sustainable development.
The event also highlighted the NGF Fund, a new financing mechanism backed by institutions including the Ministry of Finance Incorporated (MOFI), Nigeria Sovereign Investment Authority (NSIA), and the Central Bank of Nigeria (CBN).
The fund will support state-level projects and mobilize blended capital alongside the Investopedia platform.
NGF Director General Abdulateef Shittu described Investopedia as a “new dawn” for investment promotion in Nigeria.
“By curating bankable project pipelines across all 36 states, Investopedia consolidates credible opportunities into one transparent gateway for investors,” Shittu said.
The platform received backing from key international partners:
- Peter Olowononi, Afrexim Bank’s Head of Client Relations (Anglophone West Africa), called Investopedia a “catalytic tool” to connect global capital with state-level projects.
- Christine Harbaugh, U.S. Embassy Economic Counsellor, pledged support for improving trade, transparency, and governance through the initiative.
The event was attended by:
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- Governor Lucky Aiyedatiwa (Ondo State)
- Deputy Governor Umar Usman Kadafur (Borno State)
- Deputy Governor Aminu Usman (Jigawa State)
- Representatives from international development institutions, private sector investors, and civil society.
