President Bola Tinubu has declared that Nigeria has attracted nearly $20 billion in foreign direct investments in 2026, crediting his administration’s reforms focused on transparency, efficiency and investor confidence.
According to The Nation, President Bola Ahmed Tinubu has announced that Nigeria has attracted nearly $20 billion in foreign direct investments this year. Speaking during a panel session at the Africa CEO Forum in Kigali, Rwanda, Tinubu attributed the inflow to sweeping economic reforms by his administration.
“In Nigeria, we’ve attracted nearly $20 billion in direct investment this year because we are efficient, transparent, and open for business,” President Tinubu said.
The president also declared that Nigeria would no longer allow the export of unprocessed raw minerals, saying: “With our metals, we can produce batteries for cars.”
Tinubu advocated an “Africa First” approach, insisting that African resources should primarily benefit the continent through local processing and manufacturing. “We don’t want scavengers and extractors. We want partners who process and manufacture locally,” he said.
He also proposed establishing an African commodity exchange, stating: “Capital is cowardly. It needs transparency, accountability, and stability.”
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