Bola Tinubu has announced that, in under two years of his administration, Nigeria has secured $30 billion in commitments for Foreign Direct Investment (FDI).
This announcement was made by National Security Adviser (NSA) Nuhu Ribadu, who represented President Tinubu at the opening of the 2024 Comptroller General of Customs (CGC) conference in Abuja.
“In the significant search for Foreign Direct Investment, in less than two years in office, my administration has received over $30 billion in commitments from foreign investors”, he said.
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Tinubu stated that his administration began with a clear vision to strengthen Nigeria’s economic foundation, emphasizing the significant progress made under his leadership.
He expressed confidence that soon “critics will have little to challenge,” referencing the recent stability that has boosted crude oil production to an impressive 1.8 million barrels per day.
He added that removing fuel subsidies and unifying the exchange rate system were steps toward building a more transparent and sustainable economic structure.
He acknowledged that these policies required adjustments from citizens but maintained they were crucial for the country’s long-term prosperity.
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