BUSINESS NEWS

Nigeria Secures $7.6 Billion Investment Pledge at Africa Investment Forum

Nigeria has secured a whopping $7.6 billion investment pledge at the  Africa Investment Forum held in Rabat, Morocco, from December 4 to 6, .

This significant investment interest was mobilized for Nigeria, with several state governors, including those from Lagos, Kaduna, Kastina, Kwara, Plateau, and Ogun, in attendance

Akinwumi Adesina, President of the African Development Bank (AfDB), expressed his delight at the investment pledge, stating that the bank will continue to support and boost investments in Nigeria. The Africa Investment Forum, established by the AfDB and its partners, aims to accelerate investments across the continent

The forum facilitated a total of $29.2 billion in investment interests for various projects across Africa, spanning energy, infrastructure, agriculture, and technology. Notably, the Nigeria Special Agro-Industrial Processing Zones (SAPZ) Phase II project secured $2.2 billion in capital mobilization during the forum

Zuleihat Ahmed

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