Nigeria Seeks Global Infrastructure Investment in London

Nigeria made a significant push to attract global investors to its infrastructure sector during the Nigeria Infrastructure Investment Forum held at Standard Bank's headquarters in London on Thursday. Alhaji Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group (NGX: NGXGROUP), presented a compelling investment case, highlighting Nigeria's abundant natural resources and young, educated workforce.

He noted the country's vast agricultural land and significant mineral deposits, including rare earth elements. Kwairanga emphasized the need for large-scale investments to modernize Nigeria's road, port, and rail systems to improve its global competitiveness.

He stated that Nigeria is not seeking aid but rather mutual beneficial partnerships to drive double-digit growth. The forum coincided with President Bola Ahmed Tinubu's state visit to the UK, where he met British Prime Minister Sir Keir Starmer to discuss strengthening trade relations and economic partnerships.

The Nigerian Sovereign Investment Authority is also involved in financing upgrades to the Lagos Port Complex.