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Business & EconomyHeadlines

Special agric zones to attract $4bn investments – NGF

Olatunbosun Obafemi
Last updated: July 24, 2026 1:04 am
Olatunbosun Obafemi
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Nigeria's Governors Forum
Nigeria's Governors Forum
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The establishment of Special Agro-processing Zones (SAPZs) in the country is said to have the potential of attracting between one to four billion dollars investment into Nigeria.

The Chairman of the Nigeria Governors Forum (NGF) and Governor of Ekiti state, Kayode Fayemi, disclosed this while briefing reporters after the forum’s 4th meeting on Wednesday in Abuja.

Fayemi explained that all states were potential beneficiaries of the SAPZs initiative, which would bring together the farming and the processing community.

“The Forum was briefed by its Deputy Chairman, Gov. Aminu Tambuwal of Sokoto state on the meeting between the Forum and the AfDB. The officials came in company of existing and potential Chinese investors in Nigeria.

“The meeting was part of a series of high-level engagements driven by the AfDB to promote the establishment of SAPZs in Nigeria.

“This SAPZs which will bring together the farming and the processing community have the potential of attracting about one billion dollars from the AfDB and up to 4 billion dollars with the entry of private sector investors.”

Fayemi said that the governors already agreed with AfDB that a tasks desk for the initiative would be at NGF Secretariat to coordinate interest expressed from various states.

On the issue of health, he said that members of the forum resolved to continue to support the actualisation of universal health coverage in Nigeria.

This according to him followed update from the NGF Secretariat on Basic Health Care Fund (BHCF), State Health Insurance Agency and the fact that Nigeria had been polio-free for three years and on the verge of being certified polio free.

“The governors expressed willingness to prioritize routine immunization coverage in the States which will ensure that Nigeria is declared polio free and ensure sustainability moving forward.”

Asked of the governors’ decision on the Nigerian Financial Intelligence Unit (NFIU) directive on local government funds, Fayemi said the governors were exploring available means to settle the matter.

“NFIU is a matter that is on our agenda consistently, but as you may be aware we are also in court.

“We are exploring all other initiatives in order to ensure that we come to a clear conclusion on NFIU matter.”

The chairman said that the governors during the meeting also received a presentation on polio eradication from Rotary International Nigeria PolioPlus Committee, led by its Chairman, Tunji Funsho.

“Rotary have been active in the dedication of polio for a considerable length of time.

“The briefing is about the work that have been done and the need to sustain progress and keeping our state forces on eradication of wide polio virus intact.”

Fayemi said that the forum also received a presentation on the forthcoming “State of the States Conference” scheduled to hold from November 26 to 27, from Scott Sheldon, the Managing Director of CWC.

He said that the governors pledged to work with the team from CWC to deliver on the objectives of the conference.

“The forum also resolved to participate in UN General Assembly on the Sustainable Development Goals (SDGs) and Climate Change; as well as the Tokyo international conference on Africa which will come up on August 28 to August 30 as well as September 23 to September 27 respectively.”

Some of the governors in attendance were Okezie Ikpeazu (Abia), Umaru Fintri (Adamawa), Udom Emmanuel (Akwa Ibom), Willie Obiano (Anambra), Samuel Ortom (Benue), Bala Mohammed (Bauchi), Godwin Obaseki (Edo).

Others were Ifeanyi Ugwuanyi (Enugu), Abdullahi Ganduje (Kano), Darius Ishiaku (Taraba), Abubakar Badaru (Jigawa), Ifeanyi Okowa (Delta), Emeka Ihedioha (Imo), Seyi Makinde (Oyo), Aminu Masari (Katsina), Bello Matawalle (Zamfara), Babagana Umara (Borno) and Cross River Deputy Governor, Prof. Ivira Esu.

TAGGED:agric zonesNGFNigeria Governors Forum
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ByOlatunbosun Obafemi
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Bosun Obafemi is a seasoned journalist and editor for national daily news publication outfits.
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