Nigerian business leaders have commended President Bola Tinubu’s economic reforms following a $300 billion Foreign Direct Investment (FDI) commitment from Qatari investors to key sectors of the economy.
The investment pledge was announced during a reception for a high-powered delegation from Future Union Group, Qatar, led by Sheikh Abdul-Rahman Hamad N.H. Al-Thani, a member of the Qatari royal family, held on Saturday in Lagos.
The delegation’s visit aims to explore partnerships across infrastructure, energy, oil and gas, agriculture, and aviation.
Mr. Adebowale Odutola, Chairman of Elan Vert Nigeria Ltd. and facilitator of the visit, described the investment as a direct result of Tinubu’s consistent push to rebuild global confidence in Nigeria’s economy.
“Today, we are making history. These investors are bringing in $300 billion across critical sectors — aviation, oil and gas, mining, and infrastructure,” Odutola said.
She added that the move reflects renewed investor confidence following key policy reforms. “For years, many investors were hesitant due to uncertainty. But now, the reforms have brought confidence back,” she noted.
Dr. Abdul-Azeez Adediran (Jandor), Lead Visioner of the Lagos4Lagos Movement and co-facilitator of the visit, described the commitment as a strong vote of confidence in Tinubu’s leadership.
“Before this administration, the business climate was discouraging. The forex policy alone was a major concern. But now, investors can repatriate their funds with ease,” Adediran said.
He added that the renewed interest from foreign investors signals Nigeria’s return as Africa’s leading investment destination.
Mr. Adedamola Kasunmu, Deputy Majority Leader of the Lagos State House of Assembly, said the Qatari investors’ visit underscores the effectiveness of Tinubu’s reforms and his growing global influence.
“This is a major vote of confidence in Nigeria. Investors are no longer moving out but returning,” Kasunmu said, noting that the investment would stimulate job creation, industrial revival, and inclusive growth.
Dr. Abdelgalil Sharaf, Chief Executive Officer of Future Union Group, expressed optimism about long-term engagement with Nigeria.
“We came this morning and saw endless opportunities. Nigeria has what we need — people, potential, and purpose. We are here to stay, build, and contribute to Nigeria’s growth story,” Sharaf said.
The delegation’s visit is expected to strengthen bilateral cooperation between Nigeria and Qatar, unlocking new opportunities in infrastructure, agriculture, technology, and trade.
Future Union Group is known for its focus on sustainable investments across Africa, driving projects that stimulate growth and enhance regional development.
