President Bola Tinubu has revealed that within the first nine months of his term, his administration has successfully drawn $30 billion in Foreign Direct Investment (FDI) commitments, bolstering the Nigerian economy.
He made this disclosure during the 2023 Leadership Annual Conference and Award event, themed “An Economy in Distress: The Way Forward,” which took place in Abuja on Tuesday.
Represented by the Minister of Information and National Orientation, Mohammed Idris, President Tinubu conveyed that, despite facing challenging times, the Nigerian economy is far from being in distress.
He highlighted that, amidst these challenges, Nigeria is seizing unprecedented opportunities to redirect its path towards establishing a new and sustainable economic framework, transitioning from the previously prevalent practices of rent-seeking and wasteful expenditure.
“Since we assumed office in May 2023, we have attracted $30 billion in Foreign Direct Investment (FDI) commitments into the real sectors of the economy, including manufacturing, telecoms, healthcare, oil and gas, and others.
“Those investments have already started coming into the country. Just a few days ago, I was in Qatar on an official visit, where the Emir assured that a senior government delegation would visit Nigeria after Ramadan.