Cross River State has secured a $2 billion investment deal at the Intra-African Trade Fair in Algeria, a move expected to open fresh opportunities for businesses and entrepreneurs.
The agreement, received by the Governor on behalf of the Nigerian Governors Forum (NGF), will help subnational governments attract long-term funding, strengthen partnerships, and drive sustainable state-level development.
In a related move, the NGF unveiled Investopedia, a new digital and print platform designed to showcase bankable projects across Nigeria's 36 states. The platform aims to boost investor confidence, improve project visibility, and connect credible opportunities with global capital.
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Ogun State Governor Dapo Abiodun said the platform will serve as a "one-stop shop" for investors, providing insights on fiscal performance, market trends, and incentives. Backed by Afreximbank, UNDP, and MOFI, it is expected to position states as key players in Africa's economic transformation.
With Nigeria facing a $100 billion annual infrastructure gap, the NGF stressed that both the $2 billion deal and Investopedia are crucial steps to mobilise investment, create jobs, and empower small businesses at the state level.
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