Nigerian business leaders have identified manufacturing, renewable energy, agriculture and agro-processing as sectors that could benefit from increased investment by the United Arab Emirates, citing opportunities to reduce business costs, strengthen local production and create jobs.
The UAE reported investing $71.32bn in Sub-Saharan Africa between 2021 and 2025, while Nigeria’s capital importation from the Gulf nation rose by 87.8 per cent to $728.81m in 2025, up from $388.01m in 2024, according to the National Bureau of Statistics.
The First Deputy President of the Abuja Chamber of Commerce and Industry, Prof. Adesoji Adesugba, identified energy and agricultural processing as areas where Nigeria could attract investment from the UAE.
“Energy is one area,” Adesugba told our correspondent. “Abu Dhabi’s investment vehicles, Masdar in particular, are actively looking at African projects, and Nigeria has both the gas to monetise and a huge unmet demand for power. Investment in gas processing, CNG and distributed
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