Nigeria's drive to attract foreign investment gained momentum as a California-Africa delegation met with business leaders in Lagos to explore opportunities in film, tech, renewable energy, and climate partnerships. Speakers highlighted Nigeria's …  | By Enitan Ajebukola Ajewumi on August 20, 2025 | Nigeria's drive to attract foreign investment gained momentum as a California-Africa delegation met with business leaders in Lagos to explore opportunities in film, tech, renewable energy, and climate partnerships. Speakers highlighted Nigeria's recent economic reforms—including the Electricity Act, CAMA, Business Facilitation Act, and new tax incentives—which are reshaping the business environment and opening space for SMEs to grow. These reforms allow foreign ownership, improve energy access, and provide tax holidays that can benefit small businesses seeking partnerships or capital. Read also, California officials stressed that creative industries, technology, and clean energy are priority areas for collaboration, noting that Nigeria's youthful population and vibrant SME sector make it a natural partner. Business leaders assured investors that the country now offers easier processes for starting and scaling businesses, with renewed focus on renewable energy and ICT as high-growth sectors. The visit signals stronger cross-continental ties that could unlock new funding, markets, and partnerships for Nigerian SMEs. | | | |
