Diaspora, Foreign Investors Eye Abuja as Prime Investment Hub at London Summit

At the inaugural Abuja Investment Summit held in London, the British African Business Alliance Limited announced plans to inject approximately $3.5 billion into 15 key projects in Nigeria’s Federal Capital Territory (FCT), reflecting growing interest from foreign investors and Nigerians in the diaspora.

Chairman of the Alliance, David Smith, who has over 17 years of experience in African investment, highlighted Abuja’s growing appeal, stating:

“We have about 15 projects that together are worth around $3.5 billion. We’re excited to bring these investments to Abuja.”

The FCT Minister, Nyesom Wike, represented by Ambassador Maureen Tamuno—Group Managing Director and CEO of Abuja Investments Company Limited (AICL)—reiterated the city’s openness to global partnerships.

“Abuja is open for business, and now is the time to engage,” she declared.

Held under the theme “Investment Opportunities in Africa’s Gateway—Nigeria,” the summit positioned Abuja not just as Nigeria’s political capital, but as a rising economic force with vast potential across key sectors.

Ambassador Tamuno also praised Minister Wike’s commitment to transforming Abuja into a world-class city, citing upcoming infrastructure and urban renewal projects.

Chief Investment Officer of AICL, Dr. Abiodun Akanbi, emphasized that Abuja is ripe for investments in technology, real estate, entertainment, agribusiness, tourism, and infrastructure, noting:

“Abuja is where capital meets purpose.”

Highlighting the crucial role of the diaspora, NiDCOM Chairperson Hon. Abike Dabiri-Erewa called on Nigerians abroad to reinvest in their home country, describing them as key drivers of national growth.

Representing Nigeria’s Acting High Commissioner to the UK, Ambassador Mercy Haruna Adeoye pointed to Nigeria’s readiness for global partnerships and its potential across multiple industries.

Investors also voiced their optimism. Ciaran McSharry, CEO of the digital banking platform Jamboo App, expressed enthusiasm about investing in Nigeria, particularly in Abuja.

Similarly, Peter Alettor, Executive Vice Chairman of Apel, urged investors to seize current opportunities, stating:

“The best time to invest in Nigeria is now. President Tinubu’s administration is committed to removing barriers for investors.”

Among the 17 projects slated for commissioning under the Renewed Hope Agenda is the newly renovated Bola Ahmed Tinubu International Conference Centre described as a world-class facility and symbol of Abuja’s growing economic ambition.

The summit not only spotlighted investment opportunities but also reinforced Abuja’s position as a gateway to Africa’s economic future.