The All Progressives Congress (APC) has said that Nigeria has secured over $50 billion in Foreign Direct Investment (FDI) commitments as a result of President Bola Ahmed Tinubu’s sustained diplomatic engagements across key global regions.
Nentawe Yilwatda, the National Chairman of the party, disclosed while commending the President’s international outreach, describing it as strategic and economically driven rather than ceremonial.
This was made known in a statement on Tuesday by Abimbola Tooki, Special Adviser to the APC National Chairman on Media and Communications Strategy.
Yilwatda said, “Mr. President’s engagements with strategic global partners underscore his unwavering commitment to advancing Nigeria’s economic interests.
“These visits have helped reposition our country on the world stage, yielding tangible benefits that will support long-term prosperity.”
According to him, the investment commitments span critical sectors including energy, manufacturing, infrastructure, agriculture, logistics, and technology, and are expected to translate into job creation, capital inflow,s and technology transfer.
“These are not promises on paper. These commitments represent real capital flows, job creation opportunities, and technology transfers that strengthen our economy,” he added.
Since assuming office in May 2023, President Tinubu has undertaken official visits to Africa, Europe, the Middle East, Asia, and the Americas, engaging political leaders and investors in countries such as the United States, the United Kingdom, France, Germany, China, India, Saudi Arabia, Qatar,r and Brazil.
Yilwatda also cited the Comprehensive Economic Partnership Agreement signed with the United Arab Emirates as one of the key outcomes of the administration’s diplomatic push, noting that the agreement is designed to deepen trade and investment cooperation across multiple sectors.
Responding to criticisms over the frequency of the President’s foreign travels, the APC chairman said such views fail to recognise the long-term economic returns of sustained global engagement.
“Those who focus on the cost without recognising the returns are missing the bigger picture. Nigeria’s reform programme under President Tinubu is bold, strategic, and necessary,” he said.
The APC urged Nigerians to support the administration’s reform and diplomatic efforts, stressing that the benefits would increasingly reflect across the economy.
