Abu Dhabi: Nigeria has secured over $50 billion in investment commitments and set an ambitious target to mobilize $30 billion annually in climate- and green-industrial finance, following the signing of a historic Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates.
The agreement, concluded on the sidelines of the 2026 Abu Dhabi Sustainability Week, covers renewable energy, infrastructure, logistics, aviation, agriculture, and digital trade, and is expected to deepen bilateral cooperation while unlocking new opportunities for both nations.
President Bola Tinubu announced that Nigeria will co-host Investopia 2026 with the UAE in Lagos this February, positioning the country as a hub for global investors.
He emphasized that the summit will bring together innovators, policymakers, and business leaders to transform opportunities into commitments and ideas into investments.
Nigeria’s climate investment drive is anchored on bold financial instruments, including a $500 million distributed renewable energy fund backed by the Nigeria Sovereign Investment Authority and a $750 million World Bank programme that will expand clean electricity access to more than 17.5 million people.
These initiatives complement the Electricity Act 2023, which decentralizes power generation and distribution to underserved communities, and the adoption of a National Carbon Market Activation Policy alongside the launch of a National Carbon Registry to improve transparency and investor confidence.
President Tinubu reaffirmed Nigeria’s target of net-zero emissions by 2060 under its Energy Transition Plan, while stressing that industrial growth and universal energy access remain central to the country’s development agenda.
He called for a fundamental shift in the global financial architecture, urging a move away from restrictive sovereign guarantees toward blended finance and first-loss capital mechanisms that would allow private sustainable capital flows directly into green projects without straining national balance sheets.
Nigeria’s ongoing economic reforms are already producing tangible results, with non-oil exports growing by 21 percent and capital importation rising steadily.
These reforms have diversified the economy and strengthened resilience, while attracting more than $50 billion in commitments across key sectors.
Tinubu invited foreign investors to partner in Nigeria’s lithium and critical minerals sector, stressing the government’s priority on local processing and value addition.
“We warmly invite our partners to join us and help build the next chapter of sustainable and shared prosperity for Nigeria, Africa, and the world,” President Tinubu declared, underscoring Nigeria’s readiness to lead in green, inclusive, and enduring development.
