Nigeria is set to receive one of its biggest-ever foreign investments as a Qatari business delegation announced plans to inject $300 billion into various sectors of the Nigerian economy over the next ten years. The delegation, led by Sheikh Abdulrahman Hamad N. H. Al-Thani, made the announcement in Lagos during a reception hosted by Elan Vert Nigeria Limited.
The visit is seen as a landmark step that could reshape Nigeria’s investment landscape. The Chairman of Elan Vert Nigeria Limited, Princess Adebowale Odutola, described it as a historic moment and a vote of confidence in President Bola Ahmed Tinubu’s economic reforms. According to her, the Qatari investors are keen on Nigeria’s promising sectors, including aviation, agriculture, renewable energy, infrastructure, oil and gas, and mining.
Princess Odutola noted that the investors’ growing confidence stems from Nigeria’s recent economic reforms, which have stabilized the forex market and created a more transparent investment environment. She said the delegation will visit Abuja to identify strategic sectors for immediate engagement. “In 10 years, people will want to buy Nigerian passports,” she added, expressing optimism that the country’s economy is on the path to global relevance.
Dr. Abdelgalil Sharaf, CEO of Future Union Group, praised Nigeria’s investment potential, saying the group aims to channel Arab funds into Africa’s development. “We are here to invest in aviation, oil and gas, and infrastructure. Nigeria is the heartbeat of Africa, and we’re ready to grow with it,” he said.
Several political and business leaders have lauded the announcement. Abdul-Azeez Olajide Adediran (Jandor), a former PDP governorship candidate now in the APC, said the investment proves that President Tinubu’s economic reforms are restoring investor confidence. Similarly, Lagos State House of Assembly Deputy Majority Leader, Hon. Adedamola Richard Kasunmu, called the development a sign of effective collaboration between government and the private sector, assuring investors of strong legislative backing to protect their interests.
