Nigeria's Domestic Capital Can Bridge Infrastructure Gap

Abdullahi Sule, the Governor of Nasarawa State, asserted that Nigeria possesses enough domestic capital to close its infrastructure gap during a keynote address at the 2026 Infrastructure Dialogue in Abuja. He emphasized the importance of transparency and structural measures to attract secure investments.

Sule referenced the Dangote Refinery's decision to sell 30% of its $20 billion enterprise in the capital market, which was oversubscribed by at least three times. He noted that the private sector should drive economic infrastructure, as the federal and state governments cannot solely fund the estimated $30 trillion infrastructure deficit.

Sule's administration aims to transform Nasarawa into an industrial hub, focusing on solid minerals and agriculture. The dialogue also featured discussions on the role of private financing and the need for innovative funding solutions, such as green bonds, to meet Africa's estimated $100 billion annual infrastructure financing gap.