x

Nasarawa Secures $1.008 Billion in Domestic, Foreign Investments

By Abel Zwanke, Lafia


Nasarawa State secured domestic and foreign direct investments totaling $1,008,529,220 between January and December 2025. This figure is separate from other investments attracted within the same period by various Ministries, Departments, and Agencies of the state government.

A report detailing the Nasarawa Investment and Development Agency’s 2025 investment portfolio made available to journalists on Monday indicates that the total amount comprises $505.7 million actualized investments, representing 50.14%, and $502.8 million announced investments, accounting for 49.86%.

Announced investments refer to public declarations or formal commitments such as Memorandums of Understanding (MoUs) and Letters of Intent made by investors, companies, or institutions expressing their intention to invest in the state. Actualized investments, on the other hand, represent deals that have progressed to the implementation stage.

The report shows that the announced investments totaling $502.8 million span key sectors including mining, agriculture, energy, and manufacturing. The sectoral breakdown of announced investments includes: Mining ($300 million); Agriculture ($800,000); Energy ($70 million); Manufacturing ($130 million); and Others ($2 million).

For actualized investments, eight companies injected a combined $505.7 million into priority sectors of the state’s economy. The breakdown of actualized investments shows: Mining ($400 million); Agriculture ($48.8 million); Manufacturing ($46 million); Technology ($16.6 million); and Education ($10.9 million).

These investments are distributed across six Local Government Areas of the state: Kokona, Nasarawa, Akwanga, Keffi, Lafia, and Toto. Nasarawa LGA recorded the highest investment volume with $400 million (79%), followed by Kokona with $45.5 million (8.9%); Akwanga with $31 million (6.12%); Keffi with $25.9 million (5.2%); Lafia with $16.6 million (0.08%); and Toto with $3.3 million (0.7%).

Among the investing companies is Euphoria Press Limited, which operates in agriculture and manufacturing across three local government areas: Kokona, Akwanga, and Keffi. Other companies include Diamond New Energy Company LTD, Advent Integrated Service Limited, Saro Africa Agric Value Chain, Sequoia Cassava Farms, and China Witent Technology Co Ltd.

According to the report, companies that have announced investment plans and are actively working toward resource deployment include Nichi Mine Limited, Nok Motors Limited Electric, Caspian Pacific Africa Green Energy Limited, CMIG Drawin Nig. Ltd, EGTA Environmental Limited, and Maiyamco Investment Nig. Limited.

The document further reveals that a total of 22,645 jobs are projected to be created across the various sectors. The breakdown of projected employment figures shows that Agriculture will generate 10,025 jobs; Manufacturing – 6,600; Education – 5,000; Mining – 1,000; and Technology – 20.

Hot this week

Umahi Inspects Lekki Port Access Road, Directs Accelerated Work

The Minister of Works, Senator David Umahi, has carried...

Women Groups Rally Behind Umahi, Insist Allegations Must Be Tested In Court

Four women-led advocacy groups have called for strict adherence...

Bayelsa Deputy Governor Peter Akpe Promises Humble, People-Focused Leadership

Newly sworn-in Deputy Governor of Bayelsa State, Pastor Peter...

Paris Saint-Germain F.C. Ordered to Pay Kylian Mbappé €61m After Court Ruling

French champions Paris Saint-Germain will pay Kylian Mbappé €61...

Delta Government Calls for Calm Over Ibusa–Ogwashi-Uku Land Dispute

The Delta State Government has urged residents of Ibusa...

Gunmen Kill Two, Abduct 12 in Attack on Kaduna Community

Suspected bandits have killed two residents and abducted 12...

Chieftaincy Tussle: One Killed, Houses Destroyed in Kogi Community

From Noah Ocheni, LokojaChieftaincy supremacy over the weekend set...

AI firm raises $30,000 from Pre-Seed Funding in Nigeria,UK

By Ogenyi Ogenyi,UyoA Nigerian artificial intelligence startup, building automation...

FG Directs MDAS To Strictly Adhere To MTEF To Strengthen Budget Credibility And Fiscal Discipline

By Francis WilfredThe Federal Government has directed all Ministries,...

MAJI trains A’Ibom journalists on use of data for environmental reporting

By Ogenyi Ogenyi,UyoAtoeast 20 journalists from Akwa Ibom have...

Ombugadu’s Exit and the Reconfiguration of Nasarawa Politics Ahead of 2027

From Abel Zwanke, LafiaThe resignation of Ombugadu Emmanuel from...

Related Articles

Popular Categories

spot_imgspot_img