Tinubu: Nigeria attracted $20bn foreign investments this year
President Bola Tinubu has disclosed that Nigeria has attracted around $20bn in foreign investments so far this year. He said the inflows reflect growing investor confidence in his administration’s economic reforms despite global uncertainty. Tinubu highlighted recent commitments by multinational firms and development finance institutions across sectors such as energy, infrastructure, manufacturing and technology. According to him, these pledges are already translating into concrete projects that will create jobs and boost productivity. The President noted that his government’s decision to unify the exchange rate, phase out fuel subsidies and streamline business regulations has sent a strong signal to the international community. He maintained that while the reforms have been painful in the short term, they are necessary to reposition Nigeria for long-term, private sector–driven growth. Tinubu also assured both local and foreign investors that his administration will continue to tackle […]