President Bola Tinubu has disclosed that his administration has successfully attracted $30 billion in Foreign Direct Investments (FDI) commitments in less than two years of taking over power.
Tinubu stated this while opening the Comptroller General of Customs (CGC) 2024 conference in Abuja.
Represented by the National Security Adviser, (NSA) Nuhu Ribadu, the President, 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, “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
“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.
