President Bola Tinubu has revealed that within less than two years of his administration, Nigeria has successfully attracted $30 billion in Foreign Direct Investments, FDI, commitments.
The National Security Adviser, NSA, Nuhu Ribadu who represented President Tinubu stated this while opening the Comptroller General of Customs, CGC, 2024 conference in Abuja.
“In the significant search for Foreign Direct Investment, in less than two years in office, my administration has received over $30 billion in commitments from foreign investors”, he said.
He noted that the administration set out with a clear vision to strengthen Nigeria’s economic foundation, highlighting the substantial progress his government has achieved.
According to him, “shortly, critics will have little to challenge”, citing the recent stability, which has propelled crude oil production to an impressive 1.8 million barrels per day.
He further explained that the removal of fuel subsidies and the unification of the exchange rate system aimed to create a more transparent and sustainable economic framework.
President Tinubu acknowledged that the policies required adjustments by citizens but insisted they were essential for the country’s long-term benefit.
