The Africa Investment Forum (AIF) 2024 has generated $7.6 billion in investment interest for Nigeria, according to African Development Bank (AfDB) President Dr. Akinwumi Adesina.
Dr. Adesina disclosed this in a tweet after the event, which was held from December 4 to 6, 2024, in Rabat, Morocco, under the theme “Leveraging Innovative Partnerships for Scale.”
“I am delighted the Africa Investment Forum 2024 mobilized $7.6 billion of investment interest for Nigeria. It was great to have several State Governors: Lagos, Kaduna, Katsina, Kwara, Plateau, and (later) Ogun. We will keep working to support & boost investments in Nigeria,” he said.
The event showcased Nigeria’s focus on attracting investments in critical sectors such as infrastructure, energy, agriculture, and technology. State governors from Lagos, Kaduna, Katsina, Kwara, Plateau, and Ogun presented investment-ready projects to prospective investors, emphasizing Nigeria’s potential for transformative growth.
Since its launch in 2018, the Africa Investment Forum has become a pivotal platform for mobilizing investments across Africa. The 2024 event demonstrated its effectiveness, securing a total of $29.2 billion in investment interest for projects across the continent.
The forum’s highly curated boardroom sessions connected project sponsors, government leaders, and investors, facilitating direct negotiations and accelerating deal closures. The $7.6 billion secured for Nigeria underscores the growing confidence in the country’s economic potential.
This year’s theme highlighted the importance of collaboration in addressing Africa’s development challenges. Dr. Adesina reaffirmed AfDB’s commitment to supporting Nigeria and other African nations in unlocking investment opportunities.
“We remain focused on driving investments that create jobs, reduce poverty, and foster sustainable development,” he stated.
In his speech, Dr. Adesina celebrated the forum’s success in driving investments and forging alliances for Africa’s stability and resilience. He described the event as a historic gathering in the royal city of Rabat, a UNESCO World Heritage Site, aimed at accelerating Africa’s growth.
The AIF continues to champion innovative financial models and partnerships that address Africa’s pressing development needs, positioning the continent as a prime destination for global investment.
