- Nigeria’s economic reforms have positioned the nation as a top destination for global investors
- He inflation was easing, and infrastructure development expanding
- Dr Muhammad Hamisu, described Musa’s presentation as a reassurance to investors
Senate Committee on Finance Chairman, Senator Sani Musa, has highlighted Nigeria’s economic potential and reform-driven opportunities before a global audience at the EU-Africa Dialogue in Oxford, United Kingdom.
Eko Hot Blog reports that the dialogue, organised by the Oxford Africa Governance Forum (OAGF) at St. Peter’s College, University of Oxford, attracted diplomats, investors, and scholars.
EDITOR’S PICK
- I Never Said Shettima Created Boko Haram – Sheriff
- Kebbi Deputy Speaker Regains Freedom After Terrorists’ Abduction
- Lagos Seals Historic Grassroots Football Partnership with UK’s Abbey Rangers FC
The event, chaired by OAGF President Ryan Cauwenberghs, explored strategies for financing Africa’s investment gap under the theme “De-risking and Driving Capital.”
Senator Musa stated that Nigeria’s economic reforms, population strength, and stabilising policies under President Bola Ahmed Tinubu have positioned the nation as a top destination for global investors.
He expressed concern that despite Africa holding 17 percent of the world’s population, it receives less than six percent of global investments — a gap he said must be bridged through stronger partnerships.
Musa urged development partners to focus on investments that create sustainable value and employment, noting that agriculture remains one of Nigeria’s biggest untapped assets, with over 60 percent of the country’s land being arable.
Addressing questions about Nigeria’s borrowing profile, the lawmaker explained that all recent loans were approved under the Medium-Term Expenditure Framework (MTEF) and backed by legislative scrutiny.
He added that Nigeria’s key challenge was not the absence of capital but the lack of well-structured, bankable projects.
He reaffirmed confidence in Nigeria’s ongoing reforms, saying inflation was easing, the forex market stabilising, and infrastructure development expanding.
European Union envoy Javier Nuno Perez and other business leaders commended Nigeria’s potential, pledging stronger EU-Africa economic ties.
The Oxford Africa Governance Forum’s West Africa Director, Dr Muhammad Hamisu, described Musa’s presentation as a reassurance to investors.
FURTHER READING
