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Izy OKU
3 weeks ago
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Minister: Nigeria has secured $50bn investment commitments from Tinubu’s foreign trips
Jumoke Oduwole, minister for industry, trade and investment, says President Bola Tinubu’s foreign trips have accumulated $50.8 billion in proposed investments.
Oduwole spoke on Tuesday during the ministerial press briefing held in Abuja.
The minister, citing statistics that Nigeria’s economy needs about $50 billion to be steady in terms of foreign exchange (FX), said the federal government now needs to ensure that the investments come to fruition.
As at December 2024, Mr President’s over 30 international trips have generated $50.8 billion in announcements,” Oduwole said.
“Where the ministry’s work comes in is tracking those announcements and making sure that it (sic) comes to fruition.
“For example, about two weeks ago, the Brazilian trip on the sidelines of G20, where the largest meat exporters in the world, meat producers in the world, announced that they would invest $2.5 billion in Nigeria.
“That’s the sort of work that the ministry does to make sure that if there’s an announcement of an investment or a trade relationship, that we make it happen.
https://www.thecable.ng/minister-nigeria-has-secured-50bn-investment-commitments-from-tinubus-foreign-trips/
