Davos, Switzerland — Nigeria’s newly unveiled Nigeria House at the World Economic Forum (WEF) in Davos was entirely funded by the private sector. It cost the Federal Government nothing, according to the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole.

Speaking during Nigeria’s engagement at Davos, the minister described the initiative as a landmark moment for public–private partnership. According to her, it reflects renewed confidence in Nigeria’s economy under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Nigeria House Was A Private-Sector-Led Initiative

According to the minister, the Nigeria House was conceived and funded by a private-sector consortium, led by Viola Integrated Services. The consortium had approached the Federal Government with the proposal to establish Nigeria’s first-ever official presence of this scale at Davos.

Oduwole explained that the government, working under the leadership of Vice President Kashim Shettima, partnered with the consortium to secure the necessary approvals and contractual arrangements with WEF.

The funding effort was supported by several Nigerian private-sector players, including First Asset Management (First AM) as the platinum sponsor. Other corporate contributors also pooled resources based on their confidence in Nigeria’s reform direction.

The minister said the arrangement demonstrates a shift toward shared responsibility in promoting Nigeria’s trade and investment agenda globally.

What is Nigeria House Davos, and What is its Purpose

The Nigeria House, which operates only for the duration of the Davos meeting, serves as a hub for investor meetings and bilateral engagements. It doubles as a cultural and networking location to showcase Nigerian identity.

During the week, Nigeria launched four sectoral investment playbooks covering digital trade and technology, creative industries, climate, sustainability, and agriculture and solid minerals. These sectors align with the Tinubu administration’s priorities for job creation, export growth, and economic diversification.

The minister stressed that the house also provides Nigerian businesses with a home base at Davos, where they can host meetings and engage directly with potential investors.

Although the structure itself is temporary, the minister said the objective is long-term, to build trust, shaping perception, and converting interest into investment.