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We have successfully obtained $30 billion in Foreign Direct Investment

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We have successfully obtained $30 billion in Foreign Direct Investment

We have successfully obtained $30 billion in Foreign Direct Investment

We have successfully obtained $30 billion in Foreign Direct Investment

President Bola Tinubu’s announcement at the 2023 Leadership Annual Conference and Award in Abuja highlighted significant achievements in Nigeria’s economic landscape.

The country attracted $30 billion in Foreign Direct Investment (FDI) within the first nine months of his administration, signaling confidence from international investors. These investments have been channeled into key sectors such as manufacturing, telecoms, healthcare, and oil and gas, contributing to economic growth and development.

Moreover, President Tinubu emphasized positive economic indicators, including a 3.46% growth in the Nigerian economy in the last quarter of 2023. This growth reflects the effectiveness of policies and initiatives implemented by the administration to stimulate economic activity and create opportunities for businesses and individuals alike. Additionally, there was a notable increase in capital importation, indicating growing investor interest and a favorable investment climate.

We have successfully obtained $30 billion in Foreign Direct Investment
Tinubu

Furthermore, the Nigerian Stock Exchange All Share Index (ASI) reaching a record high of over 100,000 points in January 2024 is a testament to the strong performance of the country’s economy. This milestone underscores investor confidence and optimism in Nigeria’s economic prospects, as reflected in the buoyant performance of the stock market.

Overall, President Tinubu’s remarks underscore the progress made in attracting foreign investment, driving economic growth, and enhancing Nigeria’s position as a competitive player in the global economy.

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