The Nigeria Governors’ Forum (NGF) has launched a new digital platform to help attract investors and close the country's huge infrastructure funding gap.
The platform, named NGF Investopedia, is designed to be a one-stop online shop where investors can find credible and transparent investment opportunities in all 36 Nigerian states.
According to Governor Abdulrahman Abdulrazaq, the chairman of the NGF, the goal is to address Nigeria's yearly infrastructure gap, which is estimated to be around $100 billion.
He described the platform as a tool to help investors find not just where to invest but also how to invest in Nigeria with confidence.
The NGF also announced a new investment vehicle, the NGF Fund, created with a partner, Cavista Holdings. The fund is designed to ensure that the projects listed on the Investopedia platform get the necessary financing to become investments on the ground.
The Director-General of the NGF, Abdulateef Shittu, noted that the platform will help simplify the investment process and build trust through due diligence and transparency.
Key partners supporting the initiative include Afreximbank, UNDP, and the Ministry of Finance Incorporated (MOFI).
