The Federal Government has successfully secured $50.8 billion in investment commitments, following a series of international engagements, including President Bola Tinubu’s recent overseas visits. The Minister of Industry, Trade, and Investment, Jumoke Oduwole, made this announcement during a press briefing organized by the Ministry of Information in Abuja on Tuesday.
Oduwole emphasized the significance of tracking investments generated through the President’s global engagements. “We must recognise the importance of tracking investments generated through the president’s engagements,” she stated, noting that President Tinubu’s 413 international trips have played a vital role in securing over $50.8 billion in investment announcements.
The Minister explained that one of the key challenges moving forward is ensuring these commitments are fully realized. She highlighted the outcome of President Tinubu’s trip to the G20 summit, where global exporters and producers pledged over $50 billion in investments to Nigeria. “These companies have visited Nigeria to assess opportunities and are committed to turning these announcements into actual investments,” Oduwole added, emphasizing the importance of follow-through to ensure these agreements are fully executed.
As the government works towards making these investment commitments a reality, Oduwole reiterated the need for rigorous monitoring and effective follow-up on trade and investment deals to ensure the promised investments materialize.
