UAE Plans $10 Billion Investments in Nigeria's Economy, Encourages Private Sector Partnerships

The UAE aims to invest $10 billion in Nigeria's economy across infrastructure, agriculture, and technology sectors within the next year. Dr.

Jumoke Oduwole of Nigeria's Ministry of Industry, Trade and Investment highlighted the country's potential as a gateway to the African market under the African Continental Free Trade Area (AFCFTA). Mr.

Moham H. Alsuwaidi from the UAE government expressed disappointment in Nigeria's previous low investment levels but sees vast opportunities for growth.

Lagos State Governor, Mr. Babajide Sanwo-Olu, urged investors to capitalize on the state's readiness for partnerships.

The focus is on fostering private sector-driven investments to build stronger business relationships between the UAE and Nigeria.