Nigeria’s economic reforms are no longer theoretical, they are now translating into concrete global investment decisions. First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, has chosen Lagos as the launchpad for its expansion into sub-Saharan Africa, underscoring renewed international confidence in Nigeria’s policy direction and market fundamentals.
The decision, announced in Lagos at the Investopia Africa conference, reflects a strategic calculation rather than exploratory interest. With operations across more than 20 countries, FAB’s choice of Nigeria as its African base signals recognition of the country’s scale, reform credibility, and ability to absorb complex, long-term capital.
FAB’s confidence is rooted in lived experience especially as the bank has already been deeply involved in financing Nigerian infrastructure, most prominently through its role in the Lagos-Calabar Coastal Highway. In partnership with the African Export-Import Bank, FAB helped structure a $1.126 billion financing package for a critical section of the project, deploying advanced risk-mitigation instruments backed by the Islamic Development Bank. The transaction demonstrated Nigeria’s growing sophistication in structuring bankable infrastructure deals that meet international standards.
This development sits squarely within the framework of Nigeria’s broader reform agenda. The recent Comprehensive Economic Partnership Agreement (CEPA) between Nigeria and the UAE, concluded in January 2026, has opened tariff-free access for thousands of Nigerian products and accelerated non-oil trade flows that surpassed $3 billion within nine months of 2025. Rather than relying on commodity cycles, Nigeria is deliberately repositioning itself as a diversified, trade-enabled economy.
Under Central Bank of Nigeria guidelines, FAB’s Lagos presence will operate as a representative office focused on investment facilitation, capital mobilisation, and market intelligence rather than retail banking. This clarity of rules reflects a maturing regulatory environment designed to attract credible institutions while safeguarding financial stability.
The bank’s entry also coincides with Nigeria’s landmark banking recapitalisation programme, which is resetting capital standards and strengthening the sector’s capacity to finance large-scale growth. Far from deterring investors, the reforms are reinforcing Nigeria’s reputation as a market willing to make difficult but necessary adjustments to secure long-term resilience.
Energy remains a natural pillar of engagement, but FAB’s expanding interest in transport, logistics, and climate-resilient infrastructure speaks to Nigeria’s evolving investment narrative. Projects like the Lagos-Calabar Coastal Highway are no longer isolated ambitions; they represent a new generation of nationally strategic assets designed to unlock productivity, regional trade, and private-sector participation.
As Africa moves toward a population of nearly 1.8 billion, Nigeria’s size, talent pool, and urban centres, particularly Lagos, offer unmatched scale. Government officials, including the Minister of State for Finance, Dr. Doris Uzoka-Anite, have described FAB’s move as validation of reforms such as exchange-rate unification and the rollout of the Electronic Foreign Exchange Matching System, both of which have improved transparency and investor confidence in Nigeria’s financial markets.
FAB’s Lagos office is expected to open in the coming weeks, giving the bank a direct platform to deepen its existing commitments and originate new investments aligned with national priorities under the Renewed Hope Agenda. Logistics, industrial infrastructure, and climate-smart development are set to feature prominently.
At a time when global capital is increasingly selective, Nigeria’s ability to attract a leading international bank is not accidental. It is the result of deliberate reforms, policy consistency, and a clear signal to the world: Nigeria is open for serious, long-term investment and the market is responding.