- Tinubu’s Global Economic Drive Delivers $50bn FDI Commitments for Nigeria
- According to Yilwatda, the investment commitments span key sectors
- The APC Chairman urged Nigerians to remain patient and supportive
The ruling All Progressives Congress (APC) has disclosed that Nigeria has attracted over $50 billion in Foreign Direct Investment (FDI) commitments as a result of President Bola Ahmed Tinubu’s sustained diplomatic and economic engagements since assuming office in May 2023.
Eko Hot Blog reports that in a statement issued on Tuesday, the party’s National Chairman, Professor Nentawe Yilwatda, said the figure reflects the tangible outcomes of President Tinubu’s international outreach, which he described as a deliberate, results-oriented strategy to reposition Nigeria as a competitive global investment destination.
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According to Yilwatda, the investment commitments span key sectors including energy, manufacturing, infrastructure, agriculture, logistics and technology, with expectations of capital inflows, job creation, industrial expansion and technology transfer.
“These figures are not speculative. They represent serious investment commitments secured through high-level engagements with governments, multinational corporations and global financial institutions,” Yilwatda said.
In a further statement by his Media and Communications Strategy aide, Mr Abimbola Tooki, it was explained that President Tinubu’s foreign engagements across Africa, Europe, the Middle East, Asia and the Americas have gone beyond ceremonial diplomacy, focusing instead on economic recovery, trade expansion and long-term growth.
Countries engaged include the United States, United Kingdom, France, Germany, China, India, Saudi Arabia, Qatar and Brazil, among others, with discussions centred on unlocking private capital and strengthening bilateral and multilateral economic partnerships.
Yilwatda highlighted the Comprehensive Economic Partnership Agreement with the United Arab Emirates as one of the most significant outcomes of the engagements, noting that it is expected to deepen trade relations and boost investment in critical sectors such as energy, agriculture and infrastructure.
Responding to critics who have questioned the frequency of President Tinubu’s international travels, the APC Chairman dismissed such concerns as short-sighted.
“Those who reduce these strategic missions to travel costs without considering the $50 billion investment pipeline they have generated are missing the fundamentals of economic diplomacy,” he said.
He added that Nigeria’s ongoing economic reforms, combined with sustained investor engagement, are already restoring confidence in the economy and improving the country’s standing in global capital markets.
“President Tinubu has demonstrated both the political will to implement reforms and the credibility required to attract global capital. As these investments materialise, they will strengthen the economy and improve livelihoods,” Yilwatda said.
The APC Chairman urged Nigerians to remain patient and supportive, assuring that the investment commitments would increasingly translate into visible economic outcomes. He reaffirmed the party’s commitment to ensuring that Nigeria’s international partnerships deliver measurable benefits in growth, employment and shared prosperity.
