According to President Bola Ahmed Tinubu, investors would never find a better return on their investment anywhere else in the world than in Nigeria.
He made this statement on Sunday in Doha at a meeting with His Highness, Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar.
An agreement was struck by both countries to promote multi-sectoral cooperation between them.
The agreement seeks to realize the full potential of reciprocal collaboration in the areas of education, enterprise development, investment promotion, youth empowerment, mining, tourism, and sports.
In his speech at the Qatar Presidential Palace, Tinubu emphasized the continuing changes that support innovation, return on investment, and multiculturalism while expressing Nigeria’s readiness to welcome investors.
Citing Nigerian youth’s vitality, talent, and dependability as important resources for Qatari industry, he emphasized their strength.
According to Tinubu, Nigeria is a top investment destination with a sizable market of more than 200 million intelligent and hardworking people.
Although Tinubu acknowledged that there are immediate difficulties, he gave confidence that the Nigerian government, which reflects the energy and brilliance of its citizens, is putting up workable solutions.
Nigeria is ready for real business, he said, stressing the cooperative efforts within the government and with foreign partners.
“We have seen clearly the rapid pace and thorough quality of Qatar’s development process. It is impossible not to be moved by what you have accomplished. The leadership in the country has proven its mettle, and we are here to gain deeper insight.
“There is nowhere in the world where you will find return on investment at the level of what you will see in Nigeria. A massive market of over 200 million skilled Nigerians, always industrious and ready to work.
“We face some short-term turbulence at the moment, but we have a government today that reflects the dynamism and talent of the Nigerian people. We are implementing the right solutions. This team works collaboratively with each other and our partners. Nigeria is ready for serious business,” the President stated.
Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, agreed and said he was receptive to Tinubu’s investment proposal. Al Thani talked on his trip to Nigeria in 2019 and acknowledged the significance of the nation as well as its key position in regional affairs.
Sheikh Tamim stressed that in order for Nigerian talent and diligence to thrive domestically, the nation must be in line with Qatar’s cautious approach to investing, which places an emphasis on careful consideration and long-term returns.
He said, “”I have no doubt about the great capacity of the Nigerian people. Everywhere in the world, they are known for their brilliance and hard work. We only need to ensure that this is happening inside of Nigeria rather than outside.
“The investments we have made around the world have been very fruitful. This is because we take our time and study opportunities before we invest the common wealth of our people. It is not my money. The money we invest belongs to the future generations of Qatar.”
Both Leaders agreed that there may be significant returns on investment, and Qatar pledged to carefully consider any prospects for the benefit of future generations.
The accords reached represent a turning point in diplomatic ties and open the door to more economic collaboration, cross-cultural interactions, and mutual advancement between Qatar and Nigeria.
The stage is set for a new era of cooperation, promising progress and wealth for both countries, as President Tinubu gets ready to receive Qatar’s investment team in Abuja.