We have attracted $30bn FDI into Nigerian economy in one year -Tinubu

Oct. 1, 2024 - Businessday

President Bola Ahmed Tinubu has told Nigerians to be patient with him, saying that his reforms have driven $30 billion foreign direct investments into the Nigerian economy in one year. He said the economy is undergoing necessary reforms, noting that it is retooling to serve citizens better and more sustainablyTinubu said this at his broadcast to commemmorate Nigeria’s 64th Independence on Tuesday.

The president said his administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of the regulatory processes. He said the principle guides the divestment transactions in the upstream petroleum sector, where the government is committed to changing the fortune positively.

This was done in the same manner as other qualified divestments approved in the sector.”Share..