By Our Correspondent

National News – Governor of Abdullahi Sule says Nigeria has enough domestic capital to close its infrastructure gap if transparent systems are created to attract investors.

He spoke on Thursday at the 2026 Infrastructure Dialogue in Abuja.

The event focused on financing development projects and strengthening economic growth through private and public sector partnerships.

Sule, a former Group Managing Director of the Dangote Refinery, said investor confidence and transparency are critical to unlocking billions of dollars for roads, power and industrial projects across Nigeria.

According to him, the strong interest shown by investors in private-sector projects proves that local funds are available for infrastructure financing.

He explained that if 30 per cent of a $20 billion enterprise like Dangote Refinery was offered on the capital market, the investment would likely be oversubscribed several times by pension funds, banks and hedge funds.

Sule added that investors are mainly concerned about returns, accountability and trust rather than the physical assets involved.

The governor also highlighted how Nasarawa State increased its Internally Generated Revenue from N7 billion in 2019 to about N36 billion by blocking leakages and supporting local mineral processing.

He noted that policies requiring mining companies to process raw materials within the state attracted major lithium processing investments and boosted economic activities.

Other speakers at the event warned that Nigeria’s estimated $30.1 trillion infrastructure deficit cannot be solved through government budgets alone.

They called for stronger collaboration between governments, development finance institutions and private investors to fund commercially viable infrastructure projects nationwide.