Economy

Nigeria Governors Forum Launches Investopedia for Investors

Published

1 year ago

August 19, 2025

Nigeria Governors Forum Launches Investopedia, a digital platform to attract global investors and finance infrastructure projects across 36 states

Nigeria Governors Forum Launches Investopedia, a groundbreaking digital platform designed as a one-stop shop for investors exploring credible and transparent opportunities across Nigeria’s 36 states.

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The initiative, unveiled in Abuja on Tuesday, was described by NGF Chairman and Kwara State Governor Abdulrahman Abdulrazaq as a strategic step toward bridging Nigeria’s \$100 billion annual infrastructure financing gap.

Abdulrazaq explained that the platform is not just a catalogue of projects but an entry point for investors to learn where and how to invest in Nigeria with confidence.

He stressed that unlocking prosperity requires mobilising both global and African capital to finance projects that create jobs, modernise infrastructure, and drive inclusive growth.

The NGF Investopedia is supported by key partners, including Afreximbank, UNDP, and the Ministry of Finance Incorporated (MOFI).

In addition, the forum announced the NGF Fund, developed with Cavista Holdings, which will serve as a pooled investment vehicle to channel catalytic capital into vetted state-level projects.

According to Abdulrazaq, the fund will be anchored on the NGF’s governance credibility, ensuring that listed opportunities translate into tangible investments on the ground.

NGF Director-General Abdulateef Shittu hailed the launch as a new dawn for Nigeria’s investment readiness at the sub-national level.

He noted that Nigeria’s FDI inflows remain below Africa’s average, with only \$1.87 billion attracted in 2023, largely into oil and gas, telecoms, real estate, and agriculture.

By curating bankable projects across all 36 states, Shittu said, the platform simplifies investor access, enhances transparency, and builds global confidence.

He emphasised that the initiative would not only attract financing but also technical support, capacity building, and risk mitigation partnerships.

“This is why today matters,” Shittu remarked. “We are no longer just discussing potential, but presenting bankable pathways for global, African, and domestic capital to flow into our states.”

Also read: Nigeria Infrastructure Funding Crisis Alarming, Says TUC President Festus Osifo

The NGF said the prosperity that follows — in jobs, infrastructure, and inclusive growth — will stand as a lasting legacy for this generation of governors and leaders.

Related Topics:Abdulrahman Abdulrazaq FDI in Nigeria featured Infrastructure Financing Investopedia Nigeria Governors Forum

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Economy

NRS Assures Taxpayers VAT Remains at 7.5% Amid Tax Reform Concerns

Published

11 hours ago

October 27, 2026

Peculiar Adirika

NRS VAT rate remains 7.5%, the agency says, while addressing concerns over bank deductions, loans and the implementation of Nigeria’s tax reforms

The Nigeria Revenue Service (NRS) has assured taxpayers that Nigeria’s standard Value Added Tax (VAT) rate remains 7.5 per cent, while addressing concerns over the implementation of the country’s new tax reforms.

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The assurance was given by the Tax Administrator responsible for Kano, Jigawa and Katsina states, Samaila Abdullahi, during an NRS stakeholders’ engagement and tax reform sensitisation programme in Kano.

Abdullahi said concerns raised by individuals, traders, business owners and other stakeholders about the new tax laws were understandable, particularly questions relating to bank transactions, loans, family transfers, business income and the potential impact on small businesses.

He urged taxpayers to understand the reforms through the provisions of the law rather than rely on assumptions or misinformation.

According to him, the tax laws do not automatically authorise deductions from personal bank accounts.

He stressed that tax collection and recovery must follow the applicable legal provisions and procedures.

Abdullahi also clarified that money received as a loan should not automatically be classified as business income or profit, explaining that proper documentation is essential to establish the nature of a transaction.

“For instance, when a trader receives a loan of N500,000, the amount should not automatically be treated as N500,000 in sales or profit, provided the transaction is properly documented,” he said.

The NRS official’s comments were aimed at addressing public concerns about how the new tax framework would affect personal finances and business transactions.

He emphasised the importance of distinguishing between taxable business receipts and other funds, such as documented loans, when determining a taxpayer’s obligations.

The clarification comes amid heightened public interest in Nigeria’s tax reforms and questions about their implications for individuals, traders and small businesses.