Tinubu’s Global Push Secures $50bn Investment, Reveals Yilwatda

The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has said that President Bola Ahmed Tinubu’s sustained global engagements have strengthened Nigeria’s international partnerships and secured more than $50 billion in foreign investment commitments.

Yilwatda made the assertion while responding to criticisms over the President’s frequent foreign trips, insisting that the engagements were strategic and aimed at repositioning Nigeria as an attractive destination for global capital. According to him, since assuming office in May 2023, President Tinubu has held high-level meetings with world leaders, multinational corporations and international investors across Africa, Europe, the Middle East, Asia and the Americas, leading to renewed confidence in Nigeria’s economy. He explained that the investment commitments span critical sectors of the economy, including energy, infrastructure, manufacturing, agriculture, technology and logistics, which he said are key to economic diversification, job creation and sustainable growth. These engagements are not ceremonial. They are deliberate efforts to rebuild trust, deepen economic cooperation and unlock investment opportunities that will benefit Nigerians in the long term,” Yilwatda said. The APC chairman noted that Tinubu’s diplomatic outreach has also resulted in strengthened bilateral agreements, including economic partnership arrangements with strategic countries such as the United Arab Emirates, the United States, the United Kingdom, China and Saudi Arabia. He added that the President’s interactions with global financial institutions and development partners have helped improve Nigeria’s international image and investor perception, especially following key economic reforms introduced by the administration. Addressing concerns over the cost of the President’s foreign travels, Yilwatda urged critics to focus on the long-term economic gains rather than short-term expenses, stressing that foreign direct investment remains critical to Nigeria’s development agenda. While acknowledging that some of the investments are still at the commitment stage, he expressed confidence that many would translate into concrete projects as reforms deepen and implementation progresses.