Tinubu Targets Massive Investment in Power, Mining Sectors at Africa CEO Forum — Oyedele
Nigeria’s push to attract fresh foreign investment took centre stage at the ongoing Africa CEO Forum in Kigali, Rwanda, as Finance Minister Taiwo Oyedele revealed that President Bola Tinubu is aggressively marketing the country’s economic potential to global investors. According to Oyedele, the president’s engagements at the forum are heavily focused on unlocking investment opportunities in key sectors capable of driving economic growth.
Speaking during discussions at the high-level gathering, Oyedele described Tinubu as Nigeria’s “chief marketer,” stressing that the president remains relentless in promoting the country’s economic reforms and investment opportunities. He noted that several bilateral meetings held during the forum revolved around mobilising investments, particularly in Nigeria’s struggling power sector, which remains critical to industrial growth and job creation.
Beyond electricity, Oyedele disclosed that discussions also extended to the mining and maritime sectors, areas the government believes can significantly boost revenue generation and diversify the economy away from oil dependence. He added that investors have shown growing interest in port development, solid minerals, and private-sector-led projects as confidence in Nigeria’s reform agenda gradually improves.
The finance minister also highlighted the importance of credibility in attracting international investors, saying Tinubu’s track record and commitment to reforms are helping Nigeria tell a stronger and more convincing economic story. According to him, the administration is no longer making promises alone but demonstrating practical steps already taken to stabilise and reposition the economy for long-term growth.
Oyedele further stated that Nigeria’s reform efforts are becoming a major talking point across Africa, especially regarding the scale and speed of institutional changes introduced by the current administration. He explained that conversations at the Africa CEO Forum focused not just on policy rhetoric, but on practical execution aimed at boosting agriculture, manufacturing, technology, and value-added industries capable of lifting millions of Africans out of poverty.
source: The cable