UAE bizmen invest $2bn in Nigerian mining sector

UAE bizmen invest $2bn in Nigerian mining sector

Dayo Adenubi/Image:Uchechukwu Ogah

Investors from the United Arab Emirates have pledged $2bn worth of investments into the Nigerian mining sector as the aftermath of the Africa-UAE Trade and Investment forum.

A statement from the Foreign Investment Network, the organisers of the forum, revealed that the investment commitments were made through the office of the past ruler of Abu Dhabi, UAE, Sheikh Hamdan bin Khalifa, at the event held in Dubai.

The donations would further cement the trade and bilateral relations between Nigeria and the UAE, the statement quoted the Khalifa and Global Peace Ambassador, United Nations, Zulfiquar Ghadiyali, as saying.

The Governor of Kaduna State, Mallam Nasir el-Rufai, according to the statement, canvassed for more investments in Nigeria at the event.

The Minister of State, Mines and Steel Development, Mr Uchechukwu Ogah, was quoted as expressing gratitude to Khalifa over the amount he pledged for Nigeria’s sustainable development drive.

The Chairman of FIN, Mrs Olayinka Fayomi, described Africa as one of the most important markets for the UAE.

She explained that the event was designed to consolidate and expand business and investment synergy between Africa and the UAE, and open windows of opportunities where international investors and project financing institutions could connect with existing infrastructure and investments gaps in Africa.

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