Nigeria Seeks Spanish Trade and Investment Boost
Atume Terfa
The Federal Government has intensified efforts to attract Spanish investors, positioning Nigeria as a prime destination for foreign capital across key sectors of the economy, including infrastructure, renewable energy, agriculture and manufacturing.
Government officials made the pitch during high-level engagements with Spanish business leaders and diplomatic representatives, highlighting Nigeria’s large market size, strategic location in West Africa and ongoing economic reforms aimed at improving the ease of doing business. The discussions underscored the country’s commitment to deepening trade ties with Spain while unlocking new investment flows that can drive growth and job creation.
According to officials, Nigeria is particularly keen on leveraging Spain’s expertise in renewable energy, construction, agro-processing and transport infrastructure, sectors considered critical to the country’s long-term development agenda. The Federal Government assured potential investors of policy support, investment protection frameworks and incentives designed to de-risk entry into the Nigerian market.
The investment drive also aligns with Nigeria’s broader strategy to diversify its economy away from oil dependence, strengthen industrial capacity and expand non-oil exports. Authorities noted that partnerships with Spanish firms could accelerate technology transfer, boost local production and enhance value addition across multiple industries.
Spanish investors, on their part, expressed interest in Nigeria’s vast opportunities, citing its youthful population, expanding consumer market and infrastructure gap as areas with strong growth potential. Both sides agreed to sustain dialogue and explore concrete investment pathways that would translate discussions into bankable projects.
The Federal Government said continued engagement with European partners, including Spain, remains central to its foreign economic policy, as Nigeria seeks to position itself as a regional hub for trade, investment and innovation in Africa.
