President Bola Tinubu disclosed that his administration has secured $30 billion in Foreign Direct Investment (FDI) commitments within the initial nine months of his tenure, bolstering Nigeria’s economy.
He made this revelation at the 2023 Leadership Annual Conference and Award event themed “An Economy in Distress: The Way Forward” in Abuja.
Represented by the Minister of Information and National Orientation, Mohammed Idris, President Tinubu emphasized that despite facing challenges, Nigeria’s economy is not in distress. He emphasized the country’s focus on transitioning towards a new and sustainable economic framework, steering away from past practices of rent-seeking and wasteful expenditure.
President Tinubu highlighted the influx of FDI commitments into various sectors including manufacturing, telecoms, healthcare, oil and gas, among others, since assuming office in May 2023. Despite acknowledging the difficulties arising from recent reforms, he assured the public of concerted efforts to address challenges and stabilize the economy.
Source: Nairametrics