Northern Elders Secure $10bn for Northern Nigeria Development

The Northern Elders Forum has secured $10 billion for economic development in Northern Nigeria, focusing on mining, agriculture, and power sectors. The establishment of the Northern Nigeria Economic Development Council (NNEDC) aims to drive industrialization, attract investments, and harmonize development policies across the region.

This initiative follows the successful Northern Nigeria Investment Industrialization Summit where participants pledged significant investments. The NNEDC will implement the Northern Nigeria Economic Development Masterplan, emphasizing security, policy coherence, and private capital as pillars for economic transformation.

The summit, themed Unlocking Strategic Opportunities in Mining, Agriculture, and Power by 2025, brought together various stakeholders, including government officials, private sector leaders, and development partners, to boost economic growth in the region.