In a major economic breakthrough, Qatar’s royal family has pledged a record $300 billion foreign direct investment (FDI) in Nigeria, the largest single commitment ever made to an African nation.
The investment, announced by Sheikh Abdul-Rahman Hamad N.H. Al-Thani during high-level bilateral talks, will focus on energy, agriculture, infrastructure, real estate, and technology sectors.
Sheikh Al-Thani described the move as a strategic partnership aimed at driving job creation, industrial growth, and sustainable development in Nigeria. “This is a long-term partnership to unlock Nigeria’s full economic potential,” Al-Thani said.
The Nigerian government hailed the announcement as a huge vote of confidence in President Bola Tinubu’s economic reforms and policies to improve the investment climate in Nigeria.
A senior government official said the commitment showed that Nigeria’s economy was “open for business and trusted globally.”
Economic analysts described the pledge as a “game changer”, saying it could boost Nigeria’s foreign reserves, attract more Gulf investments, and accelerate national development.
The Qatari move is expected to trigger fresh investor interest in Nigeria and reposition the country as one of the continent’s most attractive destinations for global capital.
With the $300bn pledge, Nigeria may be on the verge of a new economic recovery.
