Writing by Aliyu Umar Muraki; Editing by Abubakar Hamza.
Vice President Kashim says, the establishment of Nasarawa State Investment Development Agency-NASIDA, as the One-Stop Investment Center, the State Electricity Regulatory Commission and the Nasarawa Infrastructure Park as a durable architecture for prosperity and economic growth in the state.
The Vice President made this known at a two-day Nasarawa investment summit, with the theme Bold Transitions, Building a Legacy for a Sustainable Future, held in lafia, the Nasarawa state capital.
Senator Kashim Shettima who commended Nasarawa for becoming a meeting point for investors, policy-makers and development partners, said the summit’s theme reflects the true test of leadership.
According to him, the third edition since the initiative began in 2022, comes as the Nasarawa Investment Development Agency, NASIDA, were reported over $2 billion in investment inflows and the creation of more than 50,000 jobs in the past seven years.
“Shettima linked Nasarawa’s progress to President Bola Tinubu’s national economic reforms, noting that Nigeria had moved from the edge of a fiscal trap in 2023 to recording GDP growth of 3.87% in 2025, a fiscal deficit narrowed to 3.0% of GDP, and a balance of payments surplus of $6.83 billion. Net foreign exchange reserves, he said, rose from $3.99 billion at the end of 2023 to over $46 billion in 2025; he said.”
In a remark, Governor Abdullahi Sule said this years summit marks the final investment forum under his government and represents a key moment for the state’s economic trajectory, while describing it as a strategic platform to consolidate on the existing gains and chart a way for the next phase of economic transformation.
The Governor recalled that the 2022 edition introduced Nasarawa’s natural resources and proximity to Abuja to investors, while the 2024 industrial renaissance shifted focus to agriculture, mining, manufacturing and infrastructure.
He said, the current edition, is designed to protect and encourage reforms in durable institutions so that progress endures beyond individual administrations.
“A key concern is that political transitions can create uncertainty for investors, particularly when reforms are tied to specific leaders rather than embedded in institutional frameworks, Sule said…..”
“Maintaining investor confidence requires clear signals that policy, regulatory systems and contractual commitments will remain stable and predictable, he added…….”
The Managing Director of the NASIDA Ibrahim Adamu Abdullahi said reforms under the agency had delivered more than 50 business environment improvements, including harmonized taxes, digitized regulatory processes, a robust PPP law and the new State Electricity Commission.
The changes, he said, had grown the state’s Internally generated revenue from ₦7 billion in 2019 to ₦37 billion in 2025 and ranked nasarawa among nigeria’s top 10 most competitive states for business.The summit will showcase eight investment-ready projects, including the Gudi Agro-Industrial Hub, Technology Hub at the Technology Village, small hydro-power projects at Farin Ruwa and Doma Dam, gold and lithium processing facilities, the ₦100 billion Infrastructure fund, the embedded power network, and the Akwanga-Panda-Yanyanya Toll Road.
