- APC says Tinubu’s diplomacy attracts $50bn FDI
- Investments cut across energy, tech, agriculture
- Deals linked to high-level global engagements
- Party dismisses criticism over foreign travels
The All Progressives Congress (APC) has praised President Bola Ahmed Tinubu’s global diplomacy, announcing that Nigeria has secured over $50 billion in Foreign Direct Investment (FDI) commitments since he assumed office in May 2023.
The ruling APC has disclosed that Nigeria has recorded more than $50 billion in FDI commitments, attributing the milestone to President Tinubu’s sustained international engagements and economic diplomacy.
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In a statement released on Tuesday, the party’s National Chairman, Professor Nentawe Yilwatda, described the development as proof that the President’s foreign outreach is deliberate, strategic, and results-oriented.
According to Yilwatda, the investment commitments span critical sectors including energy, manufacturing, infrastructure, agriculture, logistics, and technology, with expected benefits such as job creation, industrial growth, 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.
A statement issued by his aide on Media and Communications Strategy, Abimbola Tooki, explained that President Tinubu’s engagements across Africa, Europe, the Middle East, Asia, and the Americas were focused on economic recovery, trade expansion, and long-term growth rather than ceremonial diplomacy.
Countries involved in the talks 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 economic partnerships.
Yilwatda highlighted the Comprehensive Economic Partnership Agreement with the United Arab Emirates as one of the most notable outcomes, saying it would deepen trade relations and attract investment into energy, agriculture, and infrastructure.
Responding to critics of the President’s frequent foreign trips, the APC Chairman dismissed such views 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 ongoing economic reforms and aggressive investor engagement are restoring confidence in Nigeria’s economy and repositioning the country in global capital markets.
“President Tinubu has shown the political will to implement reforms and the credibility to attract global capital. As these investments materialise, they will strengthen the economy and improve livelihoods,” Yilwatda stated.
The APC urged Nigerians to remain patient, assuring that the investment commitments would increasingly translate into visible economic gains, employment opportunities, and shared prosperity.