A Qatari business delegation, led by Sheikh Abdulrahman Hamad N. H. Al-Thani, has pledged to invest about $300 billion in Nigeria’s economy over the next decade.
The investment, which cuts across aviation, agriculture, renewable energy, oil and gas, infrastructure, and mining, was announced during a reception in Lagos organized by Elan Vert Nigeria Limited.
The Qatari Investors visit marks one of the largest potential foreign direct investment (FDI) commitments in Nigeria’s recent history, signaling renewed global confidence in the country’s economy.
Qatari Investors Praise Tinubu’s Economic Reforms
The Chairman of Elan Vert Nigeria Limited, Princess Adebowale Odutola, described the Qatari investment as a “historic moment” for Nigeria. She said it reflects strong investor confidence in the economic reforms championed by President Bola Ahmed Tinubu’s administration.
“Today, we’re making history in Nigeria,” Odutola said. “They’re investing about $300 billion in various sectors of the economy. These investors are from Qatar and believe Nigeria is the next big opportunity.”
She added that before the 2022 FIFA World Cup, investors were focusing on Qatar, but have now shifted attention to Nigeria as a major investment destination.
“Let me quote them: ‘If you do not invest in Nigeria between now and the next 10 years, you’re locked out.’” Odutola noted.
Nigeria Open for Business, Says Elan Vert Chair
Odutola said the delegation will visit Abuja to meet with government officials and identify priority sectors for immediate engagement. She expressed optimism that the Tinubu administration’s reforms are already attracting credible global investors.
“So, tell me, who says President Bola Ahmed Tinubu’s administration is not working?” she asked. “The investors are coming because of the potential they see in the country.”
According to her, “Let’s give ourselves 10 years, and people will begin to buy Nigerian passports. Nigeria is open for business.”
She commended the government’s efforts to stabilize the economy, reduce debts, and build investor confidence through transparent economic policies.
Qatari Delegation Confident in Nigeria’s Economic Potential
The Chief Executive Officer of Future Union Group, Dr. Abdelgalil Sharaf, praised the partnership and reaffirmed confidence in Nigeria’s growing economic potential.
“Our main objective is to channel Arab funds into Africa’s development through strategic investments,” Sharaf said. “We are happy to be in Nigeria and look forward to collaborations in aviation, oil and gas, and infrastructure.”
He emphasized that the initiatives are guided by sound economic principles aimed at stimulating growth and strengthening African economies.
Jandor: Nigeria Is Now Africa’s Top Investment Destination
Former Lagos PDP governorship candidate and now APC member, Abdul-Azeez Olajide Adediran (Jandor), said the Qatari announcement proves that Nigeria’s new economic policies are restoring global investor confidence.
“Before this administration, Nigeria’s reputation regarding foreign investments had declined due to harsh forex policies,” he said. “Now, investors can repatriate funds with ease, and the forex market is stabilizing.”
He added that with reforms under President Tinubu, Nigeria has become Africa’s number one investment destination.
Jandor assured investors that the government is strengthening legislation at both federal and state levels to protect foreign investors’ interests.
$300 Billion Investment Marks Turning Point for Nigeria
The Qatari investors’ pledge represents a major breakthrough for Nigeria’s economy, signaling a turning point in its drive for sustainable foreign direct investment.
With confidence rising in President Tinubu’s economic reforms, Nigeria is positioning itself as Africa’s fastest-growing investment hub, welcoming investors eager to tap into its vast potential.
