Stakeholders Hail Tinubu’s Economic Reforms as Qatari Investors Commit $300 Billion FDI to Nigeria
Nigeria’s business community has hailed President Bola Tinubu’s ongoing economic reforms, following a landmark $300 billion foreign direct investment commitment secured from Qatar’s Future Union Group. The investment targets key growth sectors including energy, aviation, oil and gas, agriculture, and infrastructure, a move observers believe will redefine Nigeria’s investment landscape.
The commendations came during a high-level reception held in Lagos, where a Qatari delegation led by Sheikh Abdul-Rahman Hamad N.H. Al-Thani, a member of the royal family, met with top Nigerian stakeholders to discuss long-term partnerships and sectoral investments.
According to documents obtained by PulseNets, the visit forms part of Qatar’s renewed strategy to expand sustainable investments across Africa, with Nigeria positioned as a strategic entry point.
Adebowale Odutola, Chairman of Elan Vert Nigeria Ltd. and facilitator of the visit, told PulseNets that the multi-billion-dollar commitment reflects the success of President Tinubu’s reforms aimed at rebuilding international investor confidence.
“This is a defining moment for Nigeria. These investors are not just bringing money; they’re bringing credibility, trust, and long-term collaboration worth over $300 billion across our major sectors,” Ms. Odutola said.
She added that the new development underscores global recognition of Nigeria’s ongoing fiscal and policy restructuring.
“For years, uncertainty kept investors away. But today, reforms are restoring confidence. Nigeria is now seen as the investment bride of Africa,” she told PulseNets.
Odutola further disclosed that the delegation will proceed to Abuja for strategic engagements with government agencies and financial institutions.
“This isn’t a symbolic visit. They came fully prepared, and discussions on project financing and execution will begin immediately,” she emphasized.
Abdul-Azeez Adediran (Jandor), Lead Visioner of the Lagos4Lagos Movement and co-facilitator of the visit, also spoke to PulseNets, describing the Qatari commitment as a strong validation of Tinubu’s economic policies.
“Before Tinubu’s administration, the investment climate was discouraging. The forex system alone was a nightmare. Now, investors can repatriate funds easily, and that’s restoring faith in the Nigerian market,” Adediran said.
He noted that the new influx of foreign capital will stimulate growth in sectors such as renewable energy, gas exploration, and technology, which he described as “the next frontier of Nigeria’s industrial revolution.”
“Our partnership with Future Union will help unlock Nigeria’s clean energy potential and redefine our future,” he added.
Adedamola Kasunmu, Deputy Majority Leader of the Lagos State House of Assembly, praised the investment move, saying it reflects Tinubu’s growing international credibility and Nigeria’s emerging status as a business destination.
“This is a vote of confidence in Nigeria. Investors are no longer leaving, they’re returning. The government’s reforms in power, telecoms, and finance are working,” he told PulseNets.
Kasunmu explained that the $300 billion inflow would have a ripple effect across industries, spurring job creation and inclusive growth.
“When that scale of capital enters key sectors, industries revive, jobs emerge, and ordinary Nigerians begin to feel the impact,” he stated.
Abdelgalil Sharaf, CEO of Future Union Group, expressed optimism about Nigeria’s economic prospects.
“We came this morning and saw limitless opportunities. Nigeria has what we seek, people, potential, and purpose,” he said, stressing that the group’s focus will be on long-term, sustainable investment.
“We’re not here for short-term gain. We’re here to build, to stay, and to contribute meaningfully to Nigeria’s growth story,” he added.
Similarly, Maral Godalazian, the group’s International Regional Director and Partner, lauded Nigerians’ hospitality, saying:
“Nigeria is a land of possibilities. The energy of the people inspires us. We’re happy to be part of this journey.”
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In the same vein, Nabil Lakhel, Aviation Advisor of Future Union, noted that the delegation had identified multiple opportunities in Nigeria’s aviation and logistics sectors.
“There’s so much to do here. We already have several projects lined up for execution,” he said.
PulseNets learnt that the engagement is expected to open new corridors of economic collaboration between Nigeria and Qatar, especially in infrastructure, technology, energy, agriculture, and trade.
The Future Union Group is globally recognized for championing sustainable investments across Africa, with a focus on projects that strengthen regional economies and promote shared prosperity.
