The Nigeria Governors’ Forum (NGF) has launched a new digital platform called the NGF Investopedia, a move designed to attract investors and address the nation’s massive $100 billion annual infrastructure financing gap. The platform, unveiled in Abuja, aims to be a transparent and credible hub for both local and international investors looking for opportunities across Nigeria’s 36 states.
According to Governor Abdulrahman Abdulrazaq of Kwara State, who also serves as the NGF Chairman, the platform is more than just a list of projects. He said it provides a clear entry point for investors, offering detailed guidance on how to confidently invest in Nigeria. The goal is to mobilize capital to fund critical projects that will create jobs, modernize infrastructure, and promote economic growth.
The success of the platform will rely on key partnerships with organisations like Afreximbank, the United Nations Development Programme (UNDP), and the Ministry of Finance Incorporated (MOFI). The NGF also launched the NGF Fund, a new investment vehicle created with Cavista Holdings to ensure that the capital raised is directed toward viable, vetted projects.
Abdulateef Shittu, NGF Director-General, acknowledged that Nigeria has historically lagged behind other African countries in attracting foreign direct investment (FDI). He expressed optimism that the new platform would change this by simplifying the investment process and providing institutional oversight and due diligence for potential investors.
Beyond just financing, the platform is also designed to foster partnerships that will provide technical support and risk mitigation. This initiative, Shittu said, is about creating a path for long-term, sustainable growth that will lead to improved infrastructure, job creation, and inclusive economic development across the country.
