Nigeria Woos Spanish Investors, Positions Economy As Gateway For Europe-Africa Growth
Nigeria is intensifying efforts to attract Spanish investment as it repositions its economy as a strategic bridge between Europe and Africa, signalling openness to long-term partnerships that create value and jobs.
This commitment was reiterated during a high-level engagement with the leadership of CEOE, Spain’s foremost business confederation, led by Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar.
The meeting highlighted growing alignment between Nigeria’s reform-driven economic agenda and Spain’s outward-looking private sector.
Addressing Spanish business leaders, Nigeria stressed that its economy is stabilising through structural reforms, diversification and improved macroeconomic coordination.
Growth, officials noted, is increasingly driven by non-oil sectors such as agriculture, manufacturing, services, technology and global business services, powered by a population of over 200 million people, more than 70 per cent of whom are young.
Nigeria presented itself as Africa’s largest market and a natural gateway to West and Central Africa, noting that investments anchored in the country can access a continental market of over 1.3 billion people under the African Continental Free Trade Area (AfCFTA).
The government emphasised its preference for productive, long-term capital, technology transfer and value-chain partnerships.
Key sectors flagged for Spanish investment include energy and gas, agriculture and agro-processing, infrastructure, industrial development, business process outsourcing, technology and creative industries.
Nigeria also underscored its commitment to structured and legal labour mobility, praising Spain’s circular migration framework as a model that supports economic growth while curbing irregular migration.
Concluding the engagement, Nigeria assured investors of ongoing reforms to improve the ease of doing business, regulatory transparency and investor protection, while inviting Spanish firms to see the country not as a risk frontier but as a platform of opportunity for sustainable Europe, Africa growth.
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