Nasarawa's Governor Sule Utilizes Increased Revenue for Development

At the 32nd Nigerian Economic Summit, Nasarawa State Governor Abdullahi Sule reported that his administration is utilizing increased allocations from the Federation Account for infrastructure and social sector projects. These improvements have reduced reliance on commercial bank borrowing and enhanced local government finances, enabling councils to fund projects in water supply, solar power, and healthcare.

Sule stressed the importance of diversifying revenue sources, particularly through local processing of solid minerals, which should occur within the state rather than being exported. He mentioned an executive order aimed at attracting investors to establish processing facilities, resulting in four to five companies, including Avatar Lithium Processing Plant and New Energy Lithium Processing Plant.

The state government has supported these investments by providing access to land, roads, electricity, and security while requiring environmental assessments. Additionally, Sule highlighted efforts in agricultural development, including the cultivation of 10,000 hectares for rice production, and collaboration with the World Bank to improve the business environment.