Governors Launch Platform to Attract FDIs, Say $2bn Yearly Inflow Less Than 0.5% of GDP

State governors in Nigeria have launched an investment platform to attract Foreign Direct Investments (FDIs) as the country only receives $2 billion in yearly foreign investment, less than 0.5% of its GDP. The Nigeria Governors Forum (NGF) aims to address the country's annual infrastructure financing gap of $100 billion by enabling all 36 states to collectively budget for capital projects.

Despite Nigeria being Africa's largest economy with abundant resources, FDI inflow has been limited, mainly in sectors like oil, gas, and telecommunications. The NGF Investopedia initiative seeks to showcase investment opportunities across various Nigerian states to catalyze subnational transformation and drive inclusive growth.

The platform will provide a curated pipeline of projects to attract investors and bridge the infrastructure gap, with support from partners like Afreximbank, UNDP, and MOFI. The NGF Fund will complement Investopedia by serving as a financing arm for vetted subnational projects, ensuring credibility and financial closure.

The initiative.