The Benue Investment and Property Company Limited (BIPC) has received a fresh vote of confidence from Agusto & Co, Nigeria’s foremost credit rating agency, which assigned the company a “Bbb” long-term rating and an “A2” short-term rating, with a stable outlook.
In its latest rating update released on October 21, 2025, Agusto & Co cited BIPC’s enhanced revenue generation and diversification of its core business activities across subsidiaries as major factors underpinning the positive assessment.
Reacting to the development, the Group Managing Director of BIPC, Dr. Raymond Asemakaha, CFA, described the rating as a validation of the company’s improved financial performance and reform-driven growth under the leadership of the Executive Governor of Benue State, Rev. Fr. Dr. Hyacinth Iormem Alia.
“This rating by Agusto & Co is a strong endorsement of our governance reforms, financial discipline, and our commitment to building a sustainable investment institution that drives Benue State’s economic growth,” Dr. Asemakaha stated.
He emphasized that BIPC’s ongoing transformation has been anchored on prudent management and diversification into key sectors, including business development, real estate, hospitality, agriculture, and financial services all central to Benue’s development agenda.
“We have deliberately pursued diversification and transparency to reposition BIPC as a model state-owned enterprise capable of attracting private capital and creating jobs for Benue people,” he added.
Dr. Asemakaha further reaffirmed BIPC’s commitment to maintaining financial stability, improving service delivery, and deepening partnerships that will strengthen investor confidence.
The latest recognition from Agusto & Co marks one of the most positive credit assessments for BIPC in recent years, signaling growing investor trust in the company’s leadership and long-term strategic vision for Benue’s economic growth.
