Nigeria and Singapore have signed a bilateral investment treaty designed to promote and protect investments between the two nations.
Gatekeepers News reports that in a statement on Saturday, Alkasim Abdulkadir, media aide to Foreign Affairs Minister Yusuf Tuggar, explained that the investment promotion and protection agreement (IPPA) would boost Nigeria’s profile as a preferred investment hub while giving Singaporean investors stronger assurances.
The deal was signed on August 22, ahead of the 5th Singapore–Africa Ministerial Exchange Visit (SAMEV), held in Singapore from August 26 to 28.
Since its launch in 2014, SAMEV has served as a platform for strengthening partnerships and sharing development experiences between Singapore and African countries.
According to Abdulkadir, Minister Tuggar was actively involved in the event. Key speakers included Gbenga Oyebode, co-founder of Aluko & Oyebode law firm, and Samaila Zubairu, president and CEO of the Africa Finance Corporation. “Both
The spokesman underscored Africa’s growing role in global economic integration and Nigeria’s position as a hub for investment in the continent,” the statement read.
The treaty is expected to boost economic cooperation, build investor confidence, and open new opportunities in infrastructure, technology, and sustainable development.
It also fits into Nigeria’s broader foreign policy goal under President Bola Ahmed Tinubu of attracting more foreign direct investment and building global economic partnerships.
Abdulkadir noted that the platform also allowed Nigeria to highlight its ongoing economic reforms and connect with Asian and African policymakers and business leaders.
