Nigeria-Singapore and Côte d’Ivoire-Singapore Bilateral Investment Treaties enter into force
29 September 2025
The Nigeria-Singapore Bilateral Investment Treaty (“BIT”) and the Côte d’Ivoire-Singapore BIT have both entered into force. The agreements establish rules on how Nigeria and Côte d’Ivoire should treat investments from Singapore, and vice versa. With these treaties, Singapore companies operating in Nigeria and Côte d’Ivoire will enjoy enhanced protection of their investments, on top of that already accorded under Nigeria and Côte d’Ivoire domestic laws respectively.
Singapore investors and investments will be:
- treated as favourably as any other foreign investments;
- provided prompt, adequate, and effective compensation in the event of nationalisation;
- able to freely transfer capital and returns between both countries and Singapore; and
- provided with the option to resolve investment disputes through international arbitration.
The Nigeria-Singapore BIT was signed on 4 November 2016 and entered into force on 22 August 2025 with the completion of both countries’ domestic ratification processes.
The Côte d’Ivoire-Singapore BIT was signed on 27 August 2014 and entered into force on 26 August 2025 with the completion of both countries’ domestic ratification processes.
Minister-in-charge of Trade Relations Grace Fu announced the entry into force of both agreements during the 8th Africa Singapore Business Forum (“ASBF”) organised by Enterprise Singapore from 26 to 28 August 2025. The 8th ASBF saw participation from 35 countries and ministers from 16 African countries.
Reference materials
The following materials are available on the Ministry of Trade website www.mti.gov.sg and the Enterprise Singapore website www.enterprisesg.gov.sg: