FIC Report (Nasarawa State) – Federal Government of Nigeria has revealed that, the nation had accelerated increase in the revenue generation as a result of the renewed hope agenda on economic reforms by president Bola Ahmed Tinubu, s let administration.
Vice President, Federal Republic of Nigeria Kashim Shetima revealed this in a key note address delivered at the opening of the 3rd Nasarawa state Investment Summit held in Lafia.
He said that, the country foreign reserve has surged up to 46bn Dollars in 2025, signifying an accelerated increase in revenues flowing to the subnational government.
He pointed out that the recovery is even more resounding as it gives the Governors opportunity to think, build, create and boost the confidence of their people by responding to the needs of their people with renewed confidence.
Shettima stressed that Governors through the enormous resources they continue to receive from the fuel subsidy removal now have ample opportunity to construct roads, initiate infrastructural development and support enterprises that up lift the living standard of the people.
He commended the deliberate efforts of Governor Abdullahi A. Sule in spearheading the cross-sector reforms that had brought Nasarawa state to limelight while expressing confidence in the ability and capacity of Senator Ahmed Aliyu Wadada the preferred aspirant of the Governor to continue from where Engr. Sule would stop.
“He was a staff and a senior Manager in the defunct Habib Bank and Liberty Bank, so he (Wadada) knows his onion – he will continue from anywhere Engr. A.A Sule is going to stop” Senator Kashim Shettima asserted.
Shettima stressed that the ongoing power sector reforms and the Nasarawa Gas Master Plan which would be an offshoot of the Ajaokuta, Kaduna, Kano (AKK) would foster far-reaching actualization of the region as strategic energy hub moving forward.
He initiated a rousing ovation for His Excellency Engr. Abdullahi A. Sule’s administration’s commitment to the development of Nasarawa state as flyovers and underpass can now been seen everywhere in the state; describing him as a good man who would be greatly missed by the people of Nasarawa state when he exits office as Governor.
Shettima in his summation said; progressive change without a successor is like a bridge that ends at the middle of the river. Stressed that Nasarawa is the answer to all investment dilemma.
In his speech, Nasarawa State Governor Engr. Abdullahi A. Sule said that the essence of holding the investment summit at this critical moment in the history of Nasarawa state development trajectory as its explorer investment opportunities and forge enduring partnerships.
Governor Sule explained that his administration hosts the first Investment Summit in 2022 which was titled; diamond in the rough whose aim was to expose the state’s potentials in solid rare earth minerals and huge carbon displacements as well as strategic comparative advantages across various untapped potentials. Whereas, in 2024 the Governor said, he staged another investment summit titled – Industrial Renaissance which was meant to re-awoken investors industrialization consciousness as the state progresses steadily towards entrenching sustainable industrial reforms which insists on establishment of minerals processing plants in the state.
As he edges closer to the end of his tenure as Governor of Nasarawa state, he stated as follows:
“Maintaining investors’ confidence therefore requires clear signal that existing policies regulatory system and contractual commitment would remain stable and predictable…
“As institutional Credibility and continuity plays a critical role in reducing investment risk by ensuring that ongoing developmental projects and incentives proceeds without any form of disruption” The Governor explained.
The Governor said that the need to stage the 3rd Nasarawa Investment Summit, 2026 which is titled; Bold Transition, Building a Legacy for Sustainable Future. Predicated on subduing the intensity and severity of perceived fear of uncertainty from investors as we edge closer to the moment of transition in governance.
He described the industrial summit as a viable central platform where Nasarawa state communicates its economic visions, mobilizes partnerships and re-enacts its commitment to a private sector led development while protecting and internalizing the reforms that catalyzed industrial reforms thus far.
The Governor stressed that the summit equally seeks to project the next phase of economic development of the state from the point of view of the outgoing leadership of the state and the succeeding leaders for seamless transition.
Earlier in his welcome address at the opening session of Nasarawa Investment Summit the MD/CEO Nasarawa Investment Development Agency Barr. Ibrahim Abdullahi applauded the efforts of state Governor His Excellency Engr. Abdullahi A. Sule and the entire investment community domestic and foreign for their contributions in the successive staging of the 2022, 2024 and the 2026 summit.
He said the over USD 2bn investment in the state is a clear testimony of how successful previous investment summits were and that the current summit would ensure how all these investments would endure into the future irrespective of eminent transition in governance.
The Nasarawa investment summit 2026 day one features plenary sessions with credible and experienced panelists. After that, Senator Kashim Shettima the Vice President Republic of Nigeria was led to the exhibition room where he inspected various investment groups and solid minerals.
MUNDUNG SOLOMON.
E O(INFORMATION)
EDITED BY
ARI, LIMAN AMINU.
HEAD OF CENTRE,
FIC, LAFIA.
