Nigeria has substantial opportunities to attract investment from the United Arab Emirates (UAE) across energy, infrastructure, agriculture, ICT, real estate and financial services, economists have said.
This development came as the UAE identified renewable energy, infrastructure and digital innovation as priority areas for long-term investment and sustainable development across Africa.
The UAE Minister of State, Saeed bin Mubarak Al Hajeri, said the country viewed Africa as a strategic partner in its economic diversification agenda.
In a recent report, Al Hajeri said, “The UAE believes in the importance of building partnerships that are resilient, strategic, and aligned with long-term national priorities. In this context, the UAE sees its engagement and partnership across Africa as even more essential.”
He said the UAE had invested about $71.32billion in Sub-Saharan Africa between 2021 and 2025. He also said the UAE had committed more than $70billion to renewable and green energy projects across the continent through initiatives including Masdar’s $10billion programme and the Etihad 7 platform.
