- Nigeria Now Top Investment Destination Despite Challenges – Tinubu
- Says Nigeria Attracting Billions in Investment
- Highlights Gas Pipeline Milestone, Investment Growth
President Bola Ahmed Tinubu has said Nigeria is increasingly becoming a top destination for investment, despite ongoing economic and security challenges, Eko Hot Blog reports.
Speaking on Thursday at the State House in Abuja during a meeting with a delegation from the Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative, the President said recent reforms were beginning to yield results, particularly in the hydrocarbons sector.
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According to him, the country has attracted “unprecedented investment of billions of dollars,” adding that the economy is gradually rebounding.
“I have just received the good news that our gas investment has crossed the most difficult river and is moving very effectively,” Tinubu said, referring to the progress made by the Nigerian National Petroleum Company Limited on the OB3 Gas Pipeline project.
The pipeline, which crosses beneath the River Niger using advanced horizontal directional drilling technology, is expected to boost gas transportation capacity to about 2 billion standard cubic feet per day, enhancing energy security, power generation and industrial growth.
The President noted that the country had moved past a difficult economic phase.
“We have survived the edge of bankruptcy; we are seeing the light at the end of the tunnel,” he said.
Tinubu also highlighted ongoing infrastructure projects, including the proposed Sokoto–Badagry highway, which he said would unlock economic opportunities through irrigation, power generation and improved connectivity.
On security, he acknowledged that challenges remain but assured that efforts are ongoing, including discussions around the establishment of state police.
“It’s not a situation that you can rectify with a snap of the finger. We shall overcome,” he added.
Vice President Kashim Shettima was also present at the meeting.
Earlier, CSCHEI Director-General, Kunle Yusuff, described the organisation as a UN-accredited body coordinating community-based and humanitarian groups to support socio-economic development.
He commended the administration’s reforms, stating that revenue generation had grown significantly and that Nigeria was making progress toward the Sustainable Development Goals.
Yusuff also praised initiatives such as infrastructure development, student loan schemes and social investment programmes, while calling for broader inclusion of beneficiaries.
