UAE pledges $2bn to support Nigeria’s mining sector

The federal government’s quest for foreign investment (FDI) has received a boost as leaders from the United Arab Emirates pledged a $2 billion investment in Nigeria’s mining sector.

The commitment was made by the office of Sheikh Hamdan bin Khalifa, the past ruler of Abu Dhabi, during the 2021 edition of the FIN Women Africa – UAE Trade and Investment Forum.

The donations, according to Khalifa and Zulfiquar Ghadiyali, global peace ambassador, United Nations, were to further cement the close trade and bilateral relationship that exists between the two countries.

Uchechukwu Ogah, minister of state, mines, and steel development, said this during his address at the Dubai World Expo 2021, themed ‘Investment in the Nigerian Gold Sector: Opportunities in the Gold Value Chain’, held in Abu Dhabi.


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