Nigerian Business Groups Push for UAE Investments in Key Sectors

The Abuja Chamber of Commerce and Industry (ACCI) and the Association of Small Business Owners of Nigeria (ASBON) are urging the Nigerian government to attract long-term investments from the United Arab Emirates (UAE). They believe that investments in ports, manufacturing, and other productive sectors could greatly benefit the economy.

These business groups see opportunities in areas like reducing congestion at ports, improving logistics, and developing economic zones. They also highlighted the potential for investments in renewable energy, agriculture, and agro-processing.

This call for investment comes as Nigeria and the UAE strengthen their ties. Recently, Humphrey Onyima, a Special Adviser to the Enugu State Governor, visited the UAE Embassy in Abuja to discuss creating an Enugu State-UAE Investment Corridor.

According to the National Bureau of Statistics, Nigeria’s capital importation from the UAE surged nearly 88% in 2025, reaching about $728.81 million, up from $388.01 million the previous year. The UAE has invested over $71 billion in Sub-Saharan Africa between 2021 and 2025.

ACCI’s First Deputy President, Prof. Adesoji Adesugba, emphasized that investments in ports and logistics could lower business costs and stimulate economic activity. He pointed out that Nigeria’s port congestion and poor inland logistics increase costs for consumers and producers alike.

Adesugba mentioned that Nigeria’s free trade zones could attract Gulf investors due to the incentives and quicker business setup they provide. However, he cautioned that the increase in capital importation should not be mistaken for a rise in long-term productive investments.

ASBON President Dr. Femi Egbesola added that manufacturing and renewable energy are crucial sectors where UAE investments could help tackle challenges like high energy costs and inefficient supply chains. Energy experts have also called for funding from the UAE to improve Nigeria’s electricity infrastructure.