Mr Ma, who is worth $39.7 billion, is in the country to attend the first Nigeria Digital Economy Summit, holding in Abuja.
He met Vice President Yemi Osinbajo on his arrival on Thursday with a large delegation of Chinese businessmen. Prof Osinbajo said in a tweet that it was a pleasure receiving Ma at his office.
“It was a pleasure receiving Jack Ma today at the office.
“Thank you for acknowledging Nigeria’s role in Africa and the world.
“By leading a team of investors to Nigeria, I hope you see as we do, investment opportunities in Africa’s digital economy, infrastructure and her people,” he wrote.