Nigeria secures $300b FDI from Qatari investors

Qatari investors, led by a member of the Qatari royal family, Sheikh Abdul-Rahman Hamad N.H. Al-Thani, have pledged a $300 billion Foreign Direct Investment (FDI) commitment to Nigeria, while expressing a significant vote of confidence in the country’s economic reforms and growth prospects.

The investment will focus on critical sectors such as infrastructure, energy, oil and gas, agriculture, and aviation.

This was disclosed during a reception for a high-powered delegation from Future Union Group, Qatar, held at the weekend in Lagos.

According to the Chairman of Elan Vert Nigeria Ltd. and facilitator of the visit, Adebowale Odutola, the investment decision is a direct outcome of President Tinubu’s efforts to rebuild international confidence in Nigeria’s economy.

Odutola noted that the Qatari investors are eager to partner with credible Nigerian businesses to create jobs and wealth.

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“Today, we are making history. These investors are bringing in $300 billion across key sectors of our economy: aviation, oil and gas, mining, and infrastructure,” Odutola said.

According to her, the development proves that Nigeria’s economic reforms are attracting serious global attention.

“For years, many foreign investors were hesitant because of uncertainty. But now, the reforms have brought confidence back,” she said.

Odutola added that the Qatari investors were eager to partner with credible Nigerian businesses to create jobs and wealth.

“They are not just investing; they want to build long-term partnerships. They told us Nigeria is now the investment bride of Africa,” she said.

She further noted that the investors would visit Abuja to meet with key government agencies and explore project financing opportunities.

“This is not a ceremonial visit. They came prepared, and conversations will begin immediately,” she said.

The Chief Executive Officer of Future Union Group, Dr Abdelgalil Sharaf, expressed optimism about the group’s future in Nigeria, citing the country’s vast potential and purpose. 

He assured that the group’s focus would be on long-term, sustainable investments that would contribute to Nigeria’s growth story.

He said, “We came this morning and saw endless opportunities. Nigeria has what we need: people, potential, and purpose.

“This is not a short-term play. We are here to stay, to build, and to contribute to Nigeria’s growth story.”

Lead Visioner of the Lagos4Lagos Movement and co-facilitator of the visit, Abdul-Azeez Adediran (Jandor), described the investment as a vote of confidence in Tinubu’s leadership and reform policies.

“Before Tinubu’s administration, the business climate was discouraging. The forex policy alone was a major concern for foreign investors. But now, the reforms have restored faith and made Nigeria an investment-friendly environment,” Adediran said.

He explained that foreign investors could now repatriate their funds without difficulty, a key confidence booster.

“Today, Nigeria is the number one investment destination in Africa. The market is here, the people are here, and the opportunities are endless,” he added.

Adediran also highlighted the importance of renewable energy and gas exploration as key focus areas.

“We need strong partners like Future Union to help us unlock our potential in clean energy. This partnership can redefine our energy future,” he said.

International Regional Director and Partner at Future Union, Maral Godalazian, also expressed delight with the warmth of Nigerians.

“Nigeria is full of possibilities. We are happy to be here and to work with such passionate people,” she said.

Also, Aviation Advisor, Future Union, Mr Nabil Lakhel, said, “We see that there are a lot of things to do here in Nigeria. We have a lot of projects to launch here.”