Nigeria and Singapore first signed the IPA in November 2016.
The 2016 Nigeria-Singapore Investment Protection Agreement (IPA) entered into force on 22 August 2025.
Signed in November 2016, the agreement will remain valid for 10 years and can be extended further upon mutual agreement between the two countries.
Under the IPA, Nigerian and Singaporean investors will be granted protection, including non-discriminatory treatment compared to other foreign investments, protection from the illegal seizure of property, and the freedom to transfer capital and returns in and out of the countries.
