The Africa Investment Forum 2024 successfully secured $7.6 billion in investment interest for Nigeria
The President of the African Development Bank, Dr Akinwumi Adesina, made this disclosure in a tweet.
“I am delighted 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 to Nigeria,” Dr. Adesina said.
The Africa Investment Forum Market Days, held from December 4 to 6, 2024, in Rabat, Morocco, brought together key stakeholders under the theme, “Leveraging Innovative Partnerships for Scale.”
This event focused on fostering collaboration and innovative partnerships to drive investment across the continent.
Nigeria was a major highlight of the Africa Investment Forum Market Days, with several state governors, including those from Lagos, Kaduna, Katsina, Kwara, Plateau, and Ogun States, presenting investment-ready projects to potential investors.
Their active participation underscored Nigeria’s commitment to attracting significant international investments in crucial sectors such as infrastructure, energy, agriculture, and technology, aiming to drive sustainable economic development across the country.
Launched in 2018, the Africa Investment Forum has evolved into a premier platform for mobilizing investments aimed at accelerating Africa’s economic transformation.
The Market Days feature carefully curated boardroom sessions designed to streamline the investment process. These sessions connect viable projects with capital from commercial banks, institutional investors, and development partners, enabling direct negotiations and accelerating deal-making.
The $7.6 billion in investment interest secured for Nigeria underscores the success of this approach, reflecting the growing confidence in Nigeria’s economic potential and the effectiveness of the Africa Investment Forum in fostering international investment.
The 2024 theme, “Leveraging Innovative Partnerships for Scale,” emphasizes the crucial role of collaboration in achieving sustainable growth.
The Africa Investment Forum continues to promote innovative financial models and strategic partnerships as essential tools to address Africa’s most pressing development challenges, helping to unlock long-term economic transformation across the continent.
Dr. Adesina emphasized the African Development Bank’s unwavering commitment to supporting Nigeria and other African countries in unlocking investment opportunities.
He reiterated the AfDB’s role in fostering economic growth through strategic partnerships and facilitating investments that drive sustainable development across the continent.
“We remain focused on driving investments that create jobs, reduce poverty, and foster sustainable development,” he stated.
