Our reforms helped Nigeria to attract foreign direct investments worth over $30 billion — President Tinubu boasts

Nigeria President Bola Ahmed Tinubu has said that the reforms embarked upon by his administration had helped Nigeria to attract foreign direct investments worth more than $30 billion in the last year.

The president said this in a nationwide broadcast to mark 64th Independence Anniversary on Tuesday, 1st of October, 2024.

According to him,

“My administration took over the leadership of our country 16 months ago at a critical juncture.

The economy faced many headwinds, and our physical security was highly impaired.

We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse.

We decided to reform our political economy and defence architecture.

The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably. If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.

Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year,” he said. [CONTINUE READING HERE]>>>>>