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Nigeria Gains $7.6bn Investment Boost at Africa Forum

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Nigeria Gains $7.6bn Investment Boost at Africa Forum

by Hassan Saheed
January 12, 2025
in Breaking News, Business News
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Nigeria Gains $7.6bn Investment Boost at Africa Forum
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Nigeria secured $7.6 billion in investment commitments at the 2024 Africa Investment Forum, held from December 4 to 6 in Rabat, Morocco. The event, hosted by the African Development Bank (AfDB) and its partners, saw the participation of governors from Lagos, Kaduna, Katsina, Kwara, Plateau, and Ogun States.

AfDB President Akinwumi Adesina reaffirmed the bank’s commitment to supporting Nigeria’s investment growth and development, emphasising its dedication to driving economic progress in the country.

The Africa Investment Forum, created by the African Development Bank (AfDB) and its partners, serves as a platform to accelerate investments in key projects across Africa. At the 2024 forum, $29.2 billion in investment interests were secured for projects spanning energy, infrastructure, agriculture, and technology.

A significant highlight was the $2.2 billion capital mobilisation for Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) Phase II project. This amount surpasses investments raised for SAPZs across all 12 African countries covered by the programme. According to Banji Oyelaran-Oyeyinka, Senior Special Adviser to AfDB President Akinwumi Adesina, SAPZ is a transformative initiative poised to drive Africa’s industrialisation.

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Hassan Saheed

Hassan Saheed

I am a passionate and driven individual transitioning from university life into the professional world. A graduate of Bachelor's degree in Business Administration, I possess a versatile skill set that enables me to excel in various domains. As a data analyst, I have a profound love for numbers and a firm grasp on statistical analysis tools. My ability to analyze complex data sets and extract valuable insights allows me to make informed decisions and contribute to the success of businesses. I am always eager to acquire new techniques and stay updated with the latest trends in data analysis to enhance my expertise in this field. In addition to my analytical abilities, I am also a skilled graphics designer. I have a creative eye and a knack for transforming ideas into visually appealing designs. Whether it is crafting stunning logos or designing captivating marketing materials, my attention to detail and my understanding of branding principles enable me to deliver aesthetic designs that resonate with target audiences. Beyond academics, I have a strong commitment to giving back to the community. I actively engage in volunteer work, leveraging my skills and knowledge to support causes that I am passionate about. I find profound fulfillment in being able to make a positive impact on the lives of others and strive to continuously contribute to society. Furthermore, I am experienced in managing freelance projects. This aspect of my life has allowed me to enhance my problem-solving skills, sharpen my communication abilities, and build strong working relationships with clients. I thoroughly enjoy the entrepreneurial aspect of freelancing and relish the challenges and opportunities it presents. As I embark on my professional journey, I am eager to apply my diverse skills and knowledge to contribute to the success of an organization. I am open to new opportunities where I can continue to learn, grow, and make a meaningful impact. If you are interested in collaborating or discussing potential professional engagements, please feel free to reach out.

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