Lagos, October 12, 2025 (NAN) – Nigerian business elites have warmly welcomed President Bola Tinubu‘s ambitious economic reform program, following an unprecedented pledge of $300 billion in Foreign Direct Investment (FDI) from Qatari investors aimed at key sectors of Nigeria’s economy.
The accolades were delivered during a formal event in Lagos on Saturday, which hosted a prominent delegation from Qatar’s Future Union Group, led by Sheikh Abdul-Rahman Hamad N.H. Al-Thani, a distinguished member of the Qatari royal family.
According to the News Agency of Nigeria (NAN), the Qatari delegation’s mission is to explore joint ventures in Nigeria’s infrastructure, energy, oil and gas, agriculture, and aviation industries.
Mr. Adebowale Odutola, Chairman of Elan Vert Nigeria Ltd. and coordinator of the delegation’s visit, credited this landmark investment commitment to President Tinubu’s relentless drive to restore international investor confidence in Nigeria’s economic environment.
“This is a historic breakthrough. The investors are committing $300 billion across vital sectors such as aviation, oil and gas, mining, and infrastructure,” Odutola stated.
He underscored that this development signals a growing global acknowledgment of Nigeria’s reform efforts.
“For years, foreign investors were hesitant due to uncertainties, but the recent reforms have reignited trust and optimism,” he added.
Odutola also highlighted the Qatari investors’ eagerness to establish long-term partnerships with reputable Nigerian companies focused on job creation and wealth generation.
“Their commitment extends beyond capital injection; they aim for sustainable collaborations. Nigeria is now recognized as Africa’s leading investment destination,” he affirmed.
Plans are underway for the investors to visit Abuja to engage with key government agencies and discuss financing frameworks for upcoming projects.
“This visit is substantive, with immediate follow-up talks scheduled,” Odutola confirmed.
Dr. Abdul-Azeez Adediran (Jandor), Lead Visioner of the Lagos4Lagos Movement and co-organizer of the visit, described the investment as a powerful endorsement of Tinubu’s leadership and reform agenda.
“Before this administration, the business climate was difficult, with foreign exchange policies discouraging investors. The reforms have now restored confidence, positioning Nigeria as an attractive investment hub,” Adediran explained.
He emphasized that improved ease of repatriating funds has been a key factor in boosting investor trust.
“Nigeria has emerged as Africa’s premier investment hotspot, offering vast market potential and opportunities,” he added.
Adediran also pointed out the strategic significance of renewable energy and natural gas exploration as critical areas for future growth.
“Collaborations with groups like Future Union are vital to unlocking Nigeria’s clean energy capabilities and transforming its energy sector,” he noted.
Mr. Adedamola Kasunmu, Deputy Majority Leader of the Lagos State House of Assembly, viewed the arrival of Qatari investors as a clear reflection of Tinubu’s growing international stature and the success of his reform policies.
“This investment signals renewed faith in Nigeria. Instead of capital flight, we are witnessing a return of investors,” Kasunmu observed.
He highlighted the positive effects of reforms in the electricity, telecommunications, and financial services sectors.
“An injection of $300 billion into key industries will spur job creation, revive businesses, and boost economic growth that benefits everyday Nigerians,” he said.
Kasunmu lauded the government’s dedication to economic diversification, affirming that “Nigeria is reclaiming its status as Africa’s foremost business hub.”
Dr. Abdelgalil Sharaf, CEO of Future Union Group, expressed optimism about the group’s long-term engagement in Nigeria.
“Our visit uncovered immense opportunities. Nigeria has the human resources, natural wealth, and vision we seek,” he remarked.
Sharaf stressed the group’s commitment to sustainable, long-lasting investments.
“Our involvement is not temporary; we aim to make enduring contributions to Nigeria’s development,” he affirmed.
Maral Godalazian, International Regional Director and Partner at Future Union, also commended the warmth and enthusiasm of Nigerians.
“Nigeria is brimming with potential. We are eager to collaborate with such motivated partners,” she said.
Additionally, Mr. Nabil Lakhel, Aviation Advisor for Future Union, commented, “There is a wealth of projects ready to be launched here in Nigeria, and we are excited to begin.”
According to NAN, this engagement is set to deepen cooperation between Nigeria and Qatar, especially in infrastructure, energy, agriculture, technology, and trade sectors.
Future Union Group remains dedicated to fostering sustainable investments across Africa, focusing on initiatives that stimulate economic growth and strengthen regional markets.