• 03 Jun, 2025
• FAITH MIMDOO KEGH
• No comment

Tinubu’s Foreign Engagements Attract Over $50 Billion in Investments.

  Nigeria has secured more than **\$50 billion in Foreign Direct Investment (FDI) between May 2023 and January 2025, the Presidency announced yesterday. The inflow is credited to President Bola Ahmed Tinubu’s proactive international diplomacy and economic engagement efforts.

According to a report by  Ambassador Sola Enikanolaiye, Senior Special Assistant to the President on Foreign Affairs and International Relations, the investments are a direct result of Tinubu’s strategic foreign visits and global outreach.

    These trips are not mere ceremonial outings. They involve detailed planning, targeted economic diplomacy, and follow-through by relevant ministries and agencies. As of January 2025, over \$50 billion in FDI has been attracted through the President’s global engagements,” Enikanolaiye stated.

     Key Investment Commitments

A breakdown of the incoming investments includes:

  \$14 billion in pledges secured at the       G20 Summit in India
  \$10 billion from ExxonMobil
  \$8 billion from Indorama
  \$3 billion each from Jindal Steel and Shell
   \$1 billion from Coca-Cola
   \$3.5 billion from Arise
   €9.2 billion from APPL
   \$600 million from Maersk
Over \$350 million from Dutch investors

These inflows validate the President’s economic reforms and showcase how Nigeria’s foreign policy under his leadership is yielding tangible results,” Enikanolaiye added.

       36 International Visits Since Inauguration

Since taking office on May 29, 2023, President Tinubu has embarked on 36 international trips, visiting strategic partners across Africa, Europe, the Americas, the Middle East, and Asia. These countries include the United States, United Kingdom, France, Germany, China, India, Saudi Arabia, Qatar, Brazil, South Africa, and The Vatican.

According to the report, each foreign trip follows inter-ministerial planning sessions led by Chief of Staff Femi Gbajabiamila, during which specific goals and responsibilities are set. Delegates are required to submit reports and action plans upon their return to ensure accountability and progress tracking.

   President Tinubu’s message to the global community has been consistent: *Nigeria is open for business.”

During these visits, Tinubu reportedly leads direct engagement briefings with ministers and officials, focusing on clear deliverables and strategy.

   This is diplomacy based on preparation, leadership, and measurable outcomes—not just symbolism,” Enikanolaiye emphasized.

      Beyond Investments: Strategic Gains

President Tinubu’s diplomacy has also deepened Nigeria’s strategic relations, particularly with China, in areas such as infrastructure, manufacturing, and financial cooperation, including currency swap deals.

In addition, Nigeria has used these platforms to champion climate-related priorities, such as mitigating the impact of rising sea levels, restoring Lake Chad, and advocating for climate finance to address environmental challenges in the Sahel and West Africa.

FAITH MIMDOO KEGH

Manager – Oversees the daily operations, editorial planning, and strategic direction of the platform. A graduate with a solid academic foundation in media and communication, Faith brings a wealth of experience to the TokinPoint.

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