FAAC Windfall: Northern Governors Urged to Secure States, Drive Industrial Growth

FAAC Windfall: Northern Governors Urged to Secure States, Drive Industrial Growth

 

 

 

Nasarawa State Governor Abdullahi Sule has challenged northern governors to stop blaming others for insecurity and channel Nigeria’s unprecedented federal allocations into industrialisation and economic growth.

 

Speaking at the 2025 Northern Nigeria Investment and Industrialisation Summit (NNIIS) in Abuja, Sule said monthly FAAC allocations to all tiers of government have quadrupled under President Bola Tinubu, with over N2.2 trillion shared in August alone—up from about N600 billion in 2019.

 

Sule highlighted Nasarawa’s industrial strides, including new mineral processing plants, confirmed oil reserves, and ambitious rice expansion plans. He urged governors to leverage resources for security and economic transformation.

 

Other speakers stressed infrastructure, harmonised policies, investor-friendly regulations, and adoption of technology as crucial to unlocking the North’s economic potential.

 

“The North has the scale, the youth, and the resources. What we need is method, and that method is technology,” said Lamis Dikko, chairman of the New Nigeria Development Company.