Nigeria to co-host investopia with UAE, seals trade pact

President Bola Tinubu (left) in Abu Dhabi for Abu Dhabi Sustainability Week. Photograph: X@officialABAT
President Bola Tinubu has announced that Nigeria will co-host Investopia with the United Arab Emirates (UAE) in Lagos this February, an initiative designed to attract global investors and accelerate sustainable investment inflows.

Tinubu made the announcement at the 2026 Abu Dhabi Sustainability Week (ADSW), where Nigeria also signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to deepen cooperation in renewable energy, infrastructure, logistics, digital trade, aviation, agriculture, and climate-smart infrastructure.

“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,” the president said, describing CEPA as a historic and strategic agreement that will create enduring opportunities for both countries.

Investopia, he explained, will bring together investors, innovators, policymakers, and business leaders to transform opportunities into commitment and ideas into investment.

Highlighting Nigeria’s climate ambitions, Tinubu said the country aims to mobilise up to $30 billion annually in climate and green industrial finance, while expanding nationwide electricity access and accelerating energy transition reforms.

“The foundation of every modern economy is electricity. As an emerging economy in the Global South, we understand the delicate balance between industrialisation and decarbonisation, ensuring neither is pursued at the expense of the other,” he said.

He called for a fundamental shift in global finance, urging a move away from restrictive sovereign guarantees that penalise developing economies. “Instead, we should prioritise blended finance and first-loss capital mechanisms, allowing private sustainable capital to flow directly into green projects without straining national balance sheets,” Tinubu said.

The president highlighted Nigeria’s strengthened climate governance framework, including the adoption of a National Carbon Market Activation Policy and the launch of a National Carbon Registry, designed to boost transparency and investor confidence.

He also cited the Electricity Act 2023 as a central pillar of energy reforms, enabling decentralised power generation and distribution to underserved communities. Nigeria’s climate investment drive further includes a $500 million distributed renewable energy fund backed by the Nigeria Sovereign Investment Authority and a $750 million World Bank programme expected to expand clean electricity access to more than 17.5 million people.

Tinubu reaffirmed Nigeria’s net-zero emissions target by 2060 under its Energy Transition Plan, while pursuing industrial growth and universal energy access. He invited foreign investors to partner in Nigeria’s lithium and critical minerals sector, with a focus on local processing and value addition.

The president also highlighted Nigeria’s economic reforms, which have yielded tangible results, including 21% growth in non-oil exports. “Capital importation has risen, and Nigeria now has over $50 billion in investment commitments across key sectors,” he said.

“We are ready to work with partners across the world to ensure that the next era of development is green, inclusive, just, and enduring,” Tinubu concluded.