The Government Forum launched the ‘Investopedia’ platform to display investment opportunities

The Nigerian Governor Forum (NGF) on Tuesday launched Investopedia, a new investment platform aimed at opening capital, increasing work, accelerating infrastructure development, and stimulating economic growth throughout the country.

The launch, which took place in Abuja, was declared open by the Chairman of the NGF and the Governor of the State of Kwara, Abdulrahman Abdulrazaq, who was represented by his nasarawa state colleague, Abdullahi Sule.

Abdulrazaq said the initiative was designed to position Nigeria as an attractive goal for investors while handling the country’s chronic infrastructure financing gap.

“Over the past decade, foreign direct investment entry flows (FDI) have an average of only $ 2 billion per year, less than 0.5 percent of GDP, and are concentrated in only a few sectors,” he said. “However, Nigeria faces infrastructure financing gaps of around $ 100 billion per year. Public projects alone cannot cover this gap. Investopedia NGF functions as a one -roof entrance point that not only identifies where to invest, but also gives the trust needed to invest.”

Investopedia NGF will be issued two years in print and digital formats. This will feature large projects throughout the sectors, provide market insight, and highlight incentives. This will also be exhibited on international platforms such as the UN General Assembly, Intra-African Trade Estates, and African Investment Forums.

Also read: Tension Grows When Ooni refuses a response to the alaafin ultimatum to the dispute over the title of the Chief

Abdulrazaq added that investment in agro, renewable energy processing, ICT, and finance will result in returns outside of profits, including employment and sustainable development. He further revealed that NGF funds, supported by institutions such as the Ministry of Finance Incorporated (MOFI), Nigeria Sovereign (NSIA) investment authorities, and the Nigerian Central Bank (CBN), will complete the platform by mobilizing capital into state-level projects.

Speaking of the importance of launching, Director General of NGF, Abdulatef Shittu, described the initiative as “new dawn” in Nigeria’s investment readiness.

“Nigerian annual infrastructure gap is almost $ 100 billion,” he said. “By creating a project pipeline that can be bestowed in all 36 states, investopedia consolidates credible opportunities into a transparent gateway for investors, with institutional supervision and global visibility.”

International stakeholders also expressed support for this platform. The Head of Afrexim Bank’s client relations for West African Anglophone, Peter Olowononi, described it as a “catalytic tool” to connect global investors with opportunities led by credible countries.

Likewise, the economic advisor of the US embassy, Christine Harbaugh, promised American support, noted that the mission was committed to promoting trade, transparency and government while strengthening the Nigerian subnational economy.