Nasarawa State Governor, Abdullahi Sule has linked the investment flow in the State to reforms implemented under President Bola Tinubu led administration.
The governor listed the removal of petrol subsidies and the unification of the naira’s exchange rate as booster of state revenues.
Governor Sule revealed when speaking to State House correspondents on Wednesday after a closed-door meeting with the President at the State House, Abuja.
He noted that Instead of borrowing from the banks, state governments are now utilising available improved resources, explaining that infrastructure expansion in Nasarawa State is benefitting directly from federal fiscal reforms.
Sule observed that rather than borrowing from banks, state governments are now leveraging enhanced available resources.
The Nasarawa Governor further explained that the expansion of infrastructure in Nasarawa State is directly benefiting from federal fiscal reforms.
Sule also said that the President will visit Nasarawa State later september to commission a newly completed 6,000-metric-ton lithium processing plant, in what officials describe as another milestone in Nigeria’s push to curb raw mineral exports and expand domestic value-addition.
He said the new plant, located in Nasarawa Local Government Area, was built by Chinese investors and is twice the size of the 3,000MT facility launched in the state in 2023.
Sule explained that the President promised to personally perform the commissioning in the next two-weeks
“They said they were going to build a bigger one…they have just concluded building it, and it is ready for commissioning. Mr. President promised that on his return from his short vacation, he’s going to come to Nasarawa to commission the project,” the governor said.
The Nasarawa plant is one of several Chinese-backed projects coming up across the state after surveys confirmed commercial-grade lithium deposits in the State.
Governor Sule noted that the investors were drawn by the quality and scale of deposits in Nasarawa, describing the plant as a step toward positioning Nigeria as a regional hub for lithium-ion battery and solar panel manufacturing.
He added that he was excited that they had enough quality of lithium and the commercial deposit noticed will assist in fulfilling their promise to build something bigger.