President Bola Tinubu has announced that his administration has successfully garnered commitments totalling $30 billion in Foreign Direct Investments (FDI) within a span of fewer than two years.
This announcement was made by National Security Adviser Nuhu Ribadu, who spoke on behalf of President Tinubu during the opening of the Comptroller General of Customs (CGC) 2024 conference in Abuja.
“In our significant pursuit of Foreign Direct Investment, my administration has attracted over $30 billion in commitments from international investors in less than two years in office,” Ribadu stated.
He emphasized that the administration began with a clear objective to fortify Nigeria’s economic foundation, showcasing the notable advancements achieved thus far.
Ribadu added, “Before long, critics will find it challenging to raise objections,” referencing the recent stability that has enabled crude oil production to soar to an impressive 1.8 million barrels per day.
He elaborated on the strategies implemented, including the removal of fuel subsidies and the unification of the exchange rate system, both aimed at establishing a more transparent and sustainable economic framework.
President Tinubu recognized that these policies necessitated adjustments from the populace but asserted that they were crucial for the nation’s long-term prosperity.
