Tinubu secures $50b FDIf from foreign diplomatic trips

Professor Nentawe Yilwatda, has lauded President Bola Tinubu’s strategic international diplomacy, asserting that the president’s foreign engagements are delivering measurable economic rewards for the country.

He said that this diplomatic offensive has already secured over $50 billion in Foreign Direct Investments FDI commitments.

In a statement in Abuja, Yilwatda dismissed the notion that the President’s frequent travels are merely ceremonial. Instead, he described them as purposeful missions that have successfully repositioned Nigeria as a primary destination for global capital.

“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”, Yilwatda said in the statement by Abimbola Tooki, his Special Adviser on Media and Communications Strategy.

Since taking office in May 2023, President Tinubu has conducted high-level diplomatic missions across Africa, Europe, the Middle East, Asia and the Americas. These efforts have targeted economic heavyweights including the United States, China, Germany, India, and Saudi Arabia, according to Yilwatda. 

These investments are slated to impact critical sectors such as energy, manufacturing, agriculture, and technology.

“These are not promises on paper. These commitments represent real capital flows, job creation opportunities, and technology transfers that strengthen our economy”, he stated. 

He specifically pointed to the Comprehensive Economic Partnership Agreement with the United Arab Emirates as a landmark achievement designed to deepen bilateral trade and cooperation in energy and infrastructure.

He also addressed domestic critics who have labeled the President’s international itinerary as “overdone” or excessive. He argued that focusing solely on the immediate costs of travel overlooks the massive long-term returns being negotiated for the Nigerian people.

“Those who focus on the cost without recognizing the returns are missing the bigger picture.

“Nigeria’s reform programme under President Tinubu is bold, strategic, and necessary. We urge all Nigerians to support these efforts with patience, knowing that the dividends will be felt across the economy”, he stated. 

Yilwatda maintained that the administration’s reform trajectory, ranging from economic policy shifts to institutional strengthening, proves the President’s resolve to transform the national economy.

“Mr President has shown both the vision and the determination to see through the reforms this nation needs. Now is not the time for cynicism, but for unity and constructive support as these diplomatic and economic efforts begin to translate into tangible improvements in people’s lives,” the Chairman added.