The development of the mining sector is essential in this strategy and the Nigerian government is therefore looking for investors. To support this dynamic, Nigeria will receive $2 billion from the United Arab Emirates.

As part of these efforts to diversify the economy, Nigeria secured a $2 billion investment pledge from the United Arab Emirates during the 2020 World Expo which has been held since 1 last October in Dubai. According to Etore Thomas, head of the federal government's public relations department, these funds will mainly be used to promote the mineral resources of the West African country, which the minister went to promote during the Expo. The country hosts iron ore reserves of more than 2 billion tons, but also a rare variety of nickel, copper and coal.