Tinubu Signs Investment Agreements with Qatar to Boost Nigerian Economy

President Bola Tinubu has signed seven bilateral, multi-sectoral agreements with the government of Qatar, aimed at enhancing investment opportunities between the two nations. The agreements, covering education, employment regulation, establishment of a joint business council, and cooperation in youths and sports, were signed during a ceremony at the Qatar Presidential Palace.

Ajuri Ngelale, the special adviser to the president on media and publicity, highlighted the significance of these agreements in opening up avenues for mutual cooperation in education, enterprise development, investment promotion, youth empowerment, mining, tourism, and sports.

During the signing ceremony, President Tinubu expressed Nigeria’s readiness to attract investors, emphasizing the country’s current reforms supporting innovation, investment returns, and multiculturalism. He highlighted the potential of Nigeria’s youthful population, describing them as quality partners for Qatari industry.

In response, the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, praised Nigeria’s capacity, noting the brilliance and hard work of the Nigerian people. He expressed openness to President Tinubu’s investment push, emphasizing the need to ensure that investments benefit Nigeria.

President Tinubu named Mr. Wale Edun, the Coordinating Minister of the Economy and Minister of Finance, as the team leader for the government team that will interface with Qatari authorities in identifying and implementing investment opportunities. He also facilitated a presentation by the Minister of Solid Minerals Development, Dr. Dele Alake, highlighting the high-grade minerals available in Nigeria and the opportunities for local mineral processing and value-additive industry.

The bilateral engagement concluded with a closed-door meeting between President Tinubu and the Emir, followed by the signing of the seven bilateral agreements across multiple sectors.

Nairametrics