Governor Abdullahi Sule says Nigeria has sufficient domestic liquidity to close its infrastructure deficit if transparent structures are put in place to attract and secure investments.

Mr Sule said this on Thursday in Abuja while delivering his keynote address during the 2026 Infrastructure Dialogue.

Drawing from his experience as former group managing director of Dangote Refinery, Mr Sule said the high level of investor interest in the private sector was evidence that substantial capital was available within Nigeria.

“Nigeria has so much money. The easiest way to know is to look at the Dangote Refinery. If they decide to sell 30 per cent of a $20 billion enterprise to the capital market, that six billion dollars will be oversubscribed at least three times by PENCOM, banks and hedge funds,” he said.

According to him, investors are primarily concerned about return on investment, transparency and trust, rather than the physical assets themselves.

Mr Sule said his administration had applied this principle in Nasarawa, transforming the state from a predominantly civil service economy into an emerging industrial hub.

He said an executive order mandating solid mineral firms to process raw materials within the state had attracted some of Africa’s largest lithium processing plants.

”Our internally generated revenue rose from N7 billion annually in 2019 to about N36 billion today. We did not take foreign loans because of the associated foreign exchange risks. Instead, we blocked leakages and built roads that opened up mining and agricultural corridors,” he said.

(NAN)