The Tinubu Media Support Group TMSG has described the $7.6 billion fresh investment commitment for Nigeria, announced by the Africa Development Bank (AfDB), as a sign of a buoyant 2025 for Nigerians.
In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG noted that the latest Foreign Direct investments (FDIs) interest which were unveiled at the Africa Investment Forum 2024 signify a solid affirmation that Nigeria remains one of Africa’s most attractive investment destinations.
It said: ” It is only a few days into the new year, and already Nigeria has continued to attract investment interest and commitments on the watch of the President Bola Tinubu administration.
“The latest one announced by the President of the Africa Development Bank (AfDB) Group, Akin Akinwunmi, at the just-held Africa Investment Forum is sweet music to the ears.
“What we find particularly interesting is that Nigeria attracted $7.6 billion out of the $29.2 billion total investment interests in Africa for various projects ranging from energy, infrastructure, agriculture to technology.
“This is no mean feat especially as it is coming a few weeks after one of the world’s leading integrated livestock companies, JBS of Brazil, announced a $2.5 billion investment to build six meat processing plants and the Final Investment Decision (FID) by Shell to invest $5 billion in the Bonga North deepwater project.
“We attribute all these to the investment-friendly policies of the Tinubu administration which are clearly attracting FDI into Nigeria in droves even before the mid-term point of the President’s first term in office
“We must also add that the $7.6 billion commitment is in the aftermath of a previous announcement by the AfDB that it had raised $2.2 billion in investment interest for its Special Agro-Industrial Processing Zones – Nigeria Phase II project during the Africa Investment Forum.
“We see this as a good development especially as the bank was quoted in an official statement as saying that what is coming to Nigeria for the SAPZ 2 project is far more than what it was able to mobilize across all the 12 African countries covered by the programme.
“So, in total, Nigeria has an investment commitment totalling $9.8 billion from global investors within the first two weeks of 2025. This is amazing.
“And with all of these coming after the initial turbulence that heralded the Tinubu policies, it is indeed appropriate to key into the President’s declaration that ‘the worst is over’.
“We seize this moment to urge fellow Nigerians to continue to trust in the capacity of President Tinubu and his team to make the country a better place for all.
TMSG expressed hope and confidence that 2025 will be a great year since many policies of the Tinubu administration will continue to yield significant positive results.