UAE Targets Multi-Billion-Dollar Investments in Nigeria Across Various Sectors
The UAE is eyeing substantial investments in Nigeria, focusing on agriculture, technology, infrastructure, and mining. The UAE Ministry of Investment, represented by Moham Alsuwaidi, acknowledges Nigeria as a key destination for multi-billion-dollar investments.
Trade relations between the UAE and Nigeria are set to expand, with current non-oil commodity trade valued at $4.3 billion. Dr. Jumok Oduwol, Nigeria's Minister of Industry, Trade, and Investment, highlights opportunities in agriculture, infrastructure, and technology, attracting interest from companies like Louis Dreyfus and Unigroup.
Dr. Jean Fare emphasizes the UAE's role as a global investment and trade hub, facilitating Nigerian firms' access to markets in Asia and Europe. The UAE's robust logistical, digital, and financial infrastructure, along with regulatory frameworks like DIFC and ADGM, make it an attractive destination for investors.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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