Nigeria secured $7.6 billion in investment interests during the Africa Investment Forum 2024, held in Rabat, Morocco, from December 4 to 6, 2024.
Announcing this on his X (formerly Twitter) page yesterday, the President of the African Development Bank (AfDB), Akinwumi Adesina, reaffirmed his commitment to supporting and bolstering investments in Nigeria.
He also expressed gratitude to the governors and all attendees who contributed to the success of the forum.
He wrote: “I am delighted that the Africa Investment Forum 2024 mobilized $7.6 billion of investment interest for Nigeria. It was great to have several State Governors: Lagos, Kaduna, Kastina, Kwara and Plateau, and (later) Ogun. We will keep working to support & boost investments in Nigeria.”
The Africa Investment Forum, founded by the African Development Bank and its partners, catalyzes accelerating investments in projects across the continent.
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The previous year’s event drew over 2,300 participants, including global investors, African business leaders, and government officials, facilitating $29.2 billion in investment interests across sectors such as energy, infrastructure, agriculture, and technology.
The $7.6 billion investment interest in Nigeria reflects a strong vote of confidence in the country’s economic potential and ongoing reforms aimed at attracting foreign capital.
Earlier, The New Daily Prime reported that in December, AfDB announced it had mobilized $2.2 billion for the Special Agro-Industrial Processing Zones (SAPZ) Nigeria Phase II project during the Africa Investment Forum.
