{"id":7040,"date":"2026-06-19T17:23:50","date_gmt":"2026-06-19T17:23:50","guid":{"rendered":"https:\/\/stakebridgeirpr.com\/media\/?p=7040"},"modified":"2026-06-19T17:23:50","modified_gmt":"2026-06-19T17:23:50","slug":"fg-positions-states-as-drivers-of-investment-tourism-growth","status":"publish","type":"post","link":"https:\/\/stakebridgeirpr.com\/media\/fg-positions-states-as-drivers-of-investment-tourism-growth\/","title":{"rendered":"FG Positions States As Drivers Of Investment, Tourism Growth"},"content":{"rendered":"

By Jennete Ugo Anya\u00a0<\/strong><\/p>\n

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Vice President Kashim Shettima has called on state governments to take the lead in driving Nigeria’s next phase of economic expansion by converting documented assets into investment opportunities, jobs and tourism growth. Speaking recently through Dr Tope Fasua, Special Adviser to the President on Economic Matters, at the Sub-National Government Economic and Tourism Information Roundtable and launch of the National Compendium on the Economic and Tourism Profiles of the 36 States and the Federal Capital Territory in Abuja, Shettima described the compendium as a strategic tool for investment promotion, economic planning and tourism development. The initiative was supported by the Nigeria Press Council, Nigeria Governors\u2019 Forum (NGF), Federal Ministry of Information and National Orientation, Federal Ministry of Art, Culture, Tourism and the Creative Economy, Nigerian Tourism Development Authority (NTDA) and other stakeholders.<\/p>\n

DECISION HIGHLIGHT<\/strong><\/p>\n

The federal government is shifting economic development emphasis towards sub-national competitiveness, positioning states as the primary platforms for investment attraction, tourism expansion and job creation.<\/p>\n

DECISION MEMO <\/strong><\/p>\n

The significance of the National Compendium lies less in documentation and more in its intended use as an investment mobilisation instrument. The initiative reflects a growing policy recognition that national economic growth increasingly depends on the ability of states to identify, package and market their comparative advantages.<\/p>\n

Shettima, in a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, argued that Nigeria’s challenge is not a shortage of opportunities but a failure to organise and connect them to capital. According to the Vice President, \u201cNigeria is rich in assets, rich in talent, rich in culture, rich in enterprise and rich in natural endowments. What we must do is organise these assets, document them properly, present them credibly, and connect them to capital, markets, technology and investors.\u201d<\/p>\n

His intervention reframes development from resource ownership to resource commercialisation. The implication is that states can no longer rely solely on federal allocations but must actively compete for investment through stronger institutions, better data and improved ease of doing business.<\/p>\n

Shettima further defined the development pathway, stating: \u201cThe challenge is how to convert potential into projects, projects into investments, investments into jobs, and jobs into shared prosperity.\u201d<\/p>\n

Tourism emerged as a parallel growth pillar. The Vice President noted that Nigeria’s cultural and natural assets require deliberate commercial development, warning that \u201cTourism assets do not market themselves. They must be mapped, protected, developed, secured and linked to private investment.\u201d<\/p>\n

Mohammed Idris, Minister of Information and National Orientation, described the compendium as a \u201ccall to action\u201d for states, while Hannatu Musa Musawa, Minister of Art, Culture, Tourism and the Creative Economy, represented by Abdulkarim Ozi Ibrahim, Permanent Secretary, positioned it as a platform for showcasing investment opportunities in tourism, hospitality and digital innovation.<\/p>\n

The broader policy message is that sub-national economic performance is becoming a central determinant of national growth outcomes. The compendium therefore serves as an economic intelligence tool designed to convert state-level assets into investable opportunities.<\/p>\n

DATA BOX<\/strong><\/p>\n