Yemisi Izuora
Qatar, is now ready to make critical investments in Nigeria after it unveiled its Diplomatic headquarters in Abuja.
Nigeria and Qatar had held discussions over partnering in Nigeria’s Sovereign Wealth Fund (SWF).
In March, Lagos witnessed the Qatar-Nigeria Economic Forum, an event that was launched in a bid to strengthen the two countries’ trade ties.
Following that event, Qatar opened its mission’s headquarters in Abuja, on Monday as the two countries further expand their bilateral ties, Doha’s foreign Ministry announced.
The opening of the diplomatic headquarters was attended by several Qatari and Nigerian officials, including Doha’s Ambassador to Nigeria Dr. Ali Al Hajri. The Nigerian president’s envoy Hanan Buhari was also in attendance.
The latest development marks yet another important development in Doha and Abuja’s ties.
In March, Lagos witnessed the Qatar-Nigeria Economic Forum, an event that was launched in a bid to strengthen the two countries’ trade ties.
The event was organised by the Qatar Development Bank. During the forum, business officials reviewed mutual investment opportunities in both countries, building an economic bridge between Qatar and Nigeria.
Nigeria is Africa’s largest economy and top oil exporter, with crude oil sales accounting for 90 per cent of its foreign exchange earnings. Qatar has expressed interest in working with Nigeria on labour migration.
Qatar’s Amir Sheikh Tamim bin Hamad Al Thani and President Muhammadu Buhari agreed to develop bilateral ties during a visit by the Qatari leader in 2019.
About 7,000 Nigerians are working in the Gulf state as of 2021.
In February, Nigeria’s Minister of State for Petroleum Resources Timipre Sylva was in Qatar for the Gas Exporting Countries Forum’s (GECF) sixth Summit.
Nigeria is Africa’s largest economy and top oil exporter, with crude oil sales accounting for 90 per cent of its foreign exchange earnings.
