Agusto & Co. Nigeria’s foremost credit rating agency, has assigned a “Bbb” long-term rating and an “A2” short-term rating to Benue Investment and Property Company Limited- BIPC
The agency in its latest update on the 21st October, 2025 cited BIPC’S enhanced revenue generation and diversification of its core business activities across its subsidiaries as key factors underpinning the positive rating.
The Group Managing Director of the Benue Investment and Property Company Limited (BIPC), Dr. Raymond Asemakaha, CFA, welcomed the rating describing it as a validation of the company’s improved financial performance and reform-driven growth trajectory under the purposeful leadership of His Excellency, Rev. Fr. Dr. Hyacinth Iormem Alia, Executive Governor of Benue State.
Dr. Asemakaha expressed delight at the rating, noting that it reflects the outcome of the company’s strategic turnaround initiatives and prudent financial management.
“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.”
He added that under the current management, BIPC has broadened its income base through strategic investments in Businesses, real estate, hospitality, agriculture, and financial services sectors that are central to the state’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,” Dr. Asemakaha noted.
The GMD reaffirmed the company’s commitment to maintaining financial stability, improving service delivery, and deepening partnerships that would further strengthen investor confidence.
The latest rating is one of the most positive assessments of BIPC in recent years and underscores growing investor trust in the company’s leadership and long-term vision.
