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The Nasarawa State Governor, Abdullahi Sule, is bringing together global business leaders to discuss strategies for making Nasarawa the leading investment destination in Nigeria.
The Investment Summit with the theme "The Industrial Renaissance," is scheduled for May 15 and 16.
He said that the state's comprehensive economic reforms are starting to produce positive outcomes, attracting a wide range of medium and long-term investments.
The governor highlighted the state's efforts to capitalize on the high demand for lithium and gas by seeking foreign direct investment in the mining and energy sector.
He also revealed plans to establish a 4,000 metric tonnes lithium processing plant in collaboration with investors from Russia, Japan, and China.
Sule expressed openness to welcoming all foreign direct investments without setting a specific benchmark, emphasizing the importance of attracting medium to long-term investments for the state's development.
The governor further pledged his commitment to usher the state into a new era of industrial growth and prosperity, stressing that his administration will shortchange its citizens in signing public-private agreements.
He said the state aims to create and expand on existing pathways for leveraging the immense industrial, agricultural and mining potential of the state for inclusive and sustainable wealth creation.
The governor stressed that this would be achieved through immense industrial, agricultural and mining revolutions to harness its abundant natural resources and foster a renaissance in industrial activity.
Sule modernizing the state’s economic landscape, positioning it as a dynamic hub for industry, commerce, and innovation. The theme underscores the state government’s recognition of the pivotal role that industrialization plays in driving economic development, creating employment opportunities, and improving the quality of life for its citizens.
“At the core of the Nasarawa Investment Summit, 2024 is the emphasis on regional collaboration and infrastructure development for the state’s industrialization drive. In line with this, the summit will feature a series of meticulously curated sessions to interrogate the most pressing issues relevant to Nasarawa State’s economic development, as well as a Deal Room where investment grade and bankable projects at different development phases in their lifecycle will be showcased for potential investments,” he noted.
The Managing Director of the Nasarawa State Investment Development Agency, Ibrahim Abdullahi, said the bi-annual event was instituted to showcase the investment opportunities in the state.
He noted that the program’s inaugural edition drew approximately 1,000 participants and garnered $500 million in investment pledges will bolster investment opportunities, fortify public-private partnerships, advance infrastructure development, foster capacity building, and promote sustainable, inclusive development.
