Northern Elders Secure $10 Billion Investment Pledged Across Mining, Agriculture & Power in Nigeria
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A powerful coalition known as the Northern Elders Forum has announced a landmark commitment of $10 billion in investments across mining, agriculture, and energy sectors over the next five years, aiming to transform Northern Nigeria’s development trajectory. The pledge, disclosed during a regional development summit, outlines ambitious projects spanning mineral extraction, agribusiness scaling, and power infrastructure. The Forum says funds will be mobilised through public-private partnerships, government backing, and contributions from local and international investors.
In agriculture, proposed investments target improved irrigation systems, agro-processing facilities, and value-chain linkages to enhance productivity, reduce post-harvest losses, and raise farmers’ incomes. The mining component aims to unlock the region’s untapped mineral reserves—especially in solid minerals like gold, limestone, and iron ore—through exploration, development, and local beneficiation. On the power front, the plan includes deploying off-grid renewable solutions and upgrades to existing distribution networks to close the electricity access gap.
For local and foreign investors, this announcement signals a rare window of aligned political will and capital mobilisation in a region historically underinvested. Companies providing agricultural technology, irrigation systems, mining services, renewable energy equipment, and construction of grid infrastructure are well placed to participate in upcoming tenders and projects. By aligning proposals with the Forum’s regional priorities—sustainability, community inclusion, and local value addition—investors may secure preferential contracts, risk-sharing arrangements, or co-financing structures.
Beyond financial returns, early entrants could establish footholds in rapidly growing Northern markets, build reputations as development partners, and shape sector standards in what could become one of Nigeria’s next growth corridors. That said, success depends on rigor: feasible business models, solid stakeholder alignment, compliance with regulatory frameworks, and local partnership will determine who wins in this emerging push.
