Nigeria Launches New Festival to Boost Investment Growth

The New Nigeria Festival is scheduled to debut at Transcorp Hilton in Abuja, designed to accelerate innovation and attract investment to advance Nigeria's goal of becoming a $1 trillion economy by 2030. The festival, according to a statement from the organizers, aims to drive enterprise development and foster strategic partnerships to boost foreign direct investment.

Project coordinator Paul Peter described the festival as a platform to connect ideas with action, creating opportunities for sustainable growth. The event will feature keynote addresses, policy dialogues, investment discussions, and showcase startups.

It will highlight 100 youth-led ventures across Nigeria, providing access to investors, grants, mentorship programs, and corporate partnerships. The festival will also include a dedicated deal room for business engagements across key sectors such as technology, energy, and agriculture.

Expected attendees include Vice President Kashim Shettima, former African Development Bank President Akinwumi Adesina, and Lagos State Governor Babajide Sanwo-Olu, among others.