Eventually Nabunturan became the centre of commerce and trade and governance. Local officials saw the need to convert the growing community into a municipality separate from Compostela. On July 23, 1957, 30 days after the enactment of Republic Act No. 2038, Nabunturan became a municipality.
Because of its position as a centre of economic, political, and social life as well as its strategic geographical location and steady growth, Nabunturan became the capital of the province of Compostela Valley following its break-out from Davao province on March 1998.
Agriculture is the major economic activity of the municipality. The major agricultural products are coconut, banana, rice, lanzones and corn. There are also booming major industries such as furniture/woodcraft, metal craft, goldsmith, cottage industries, hollow block production, corn/rice mills, and gold processing.
Nabunturan is the province’s center of business and trade because of its strategic location being at the center of the province and the fact that it is the capital town hosting the provincial capitol and national government offices.