According to a statement by the Deputy Director of Information, State House, Mr Abiodun Oladunjoye, this disclosure was made by the Federal Minister of Foreign Affairs, Geoffrey Onyema, while speaking at a farewell dinner in honour of Nigeria’s Ambassador-designate to the state of Qatar, Ambassador Yakubu Ahmed, who is also the outgoing Director of Protocol at State House. Onyeama said that there had been discussions with Qatar on partnership with Nigeria’s Sovereign Wealth Fund, for significant investments in the region of $5 billion in the Nigerian economy.
He said, “Qatar is a weighty and strategic country and very strategic in that part of the world and we are putting our best feet forward to advance the interest of our country economically and in other areas.”
The Foreign Affairs Minister had recalled that President Buhari visited the State of Qatar in 2016 and the Emir of Qatar, His Highness Tamim Bin Hammad Al-Thani reciprocated with a State go to in 2019.
What this indicates
This is going to be a huge raise to Nigeria’s power for overseas investment and assist substantially in the country’s push for monetary improvement.
Qatar which has a totally high Human Development Index (HDI) is seemed as the sector’s 1/3-largest natural fuel and oil reserves with a populace of approximately 2.Eight million people as of 2019.
Investment Champion: Geoffrey Onyema, Minister of Foreign Affairs, Federal Republic of Nigeria
The funding through the rich Middle East us of a will add to Nigeria’s diversification efforts as such investments are expected inside the area of oil and fuel, production, energy/utilities and so forth.
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