A new Wealth Report 2025 by global mobility platform Multipolitan has revealed that Abu Dhabi and Dubai are now leading destinations for wealthy Nigerians, including entrepreneurs and SME owners, who are seeking to safeguard their assets against political, economic, and climate-related risks. Singapore also ranks among the preferred locations for long-term wealth management.
Read also: FT Africa Summit 2025 to highlight SME innovation and growth
Focus on stability
The report, titled The Taxed Generation, highlights that these cities stand out for their legal stability, predictable governance, and strong infrastructure resilience. These factors are becoming central for Nigerian business leaders aiming to protect their capital in a volatile global economy.
Chee Okebalama, Multipolitan’s Executive Partner for Africa, said, “Wealth that sleeps in uncertainty isn’t wealth; it’s a risk. Cities like Singapore, Abu Dhabi, Doha, Wellington, and Copenhagen top our indices for governance, stability, and readiness for the future. We help families gain residency in cities that reflect these values.”
Read also: APC youth house to support career and leadership growth
Shifting wealth strategies
The study notes a change in Nigerian wealth strategy, moving from chasing high returns to prioritising capital preservation. For SMEs, this includes exploring international residency, offshore structures, and diversified holdings to strengthen financial security.
Nicholas Michael, Group Head of Market Development at Multipolitan, added, “Where you place your wealth can matter just as much as how you grow it. The UAE and Singapore aren’t just attracting capital; they’re protecting it through fiscal prudence and stable governance.”
Read also: NITDA promotes digital skills to support SMEs and national cohesion
Global options
Beyond the UAE and Singapore, the report lists Manama, Doha, Kuwait City, Riyadh, and Muscat among the world’s top 20 destinations for wealth protection. For Nigerian SMEs and entrepreneurs, the findings underline the importance of geographical diversification for investment security, business continuity, and legacy planning.
