President Bola Ahmed Tinubu has stated that Nigeria has attracted unprecedented opportunities to reset the course and build a new and sustainable economy away from the rent-seeking and the waste that was once the order of the day.<\/p>\n
The President said his nine month-old administration has attracted $30 billion Direct Foreign Investment commitments to shore up the Nigerian economy.<\/p>\n
This was made at the 2023 Leadership Annual Conference and Award on Tuesday in Abuja.<\/p>\n
The event, with the theme, “An Economy in Distress: The Way Forward,” was organised by the Leadership Group, publishers of Leadership Newspapers.<\/p>\n
Represented by the \u00a0Minister of Information and National Orientation, Mohammed Idris, the president said the Nigerian economy is not in distress, but facing challenging times, while stressing that the in spite of the challenging situation, the country has attracted unprecedented opportunities to reset the course and build a new and sustainable economy away from the rent-seeking and the waste that was once the order of the day.<\/p>\n
“Since we assumed office in May 2023, we have attracted $30 billion in Foreign Direct Investment (FDI) commitments into the real sectors of the economy, including manufacturing, telecoms, healthcare, oil and gas, and others.<\/p>\n
“Those investments have already started coming into the country. Just a few days ago, I was in Qatar on an official visit, where the Emir assured that a senior government delegation would visit Nigeria after Ramadan.<\/p>\n
“I have asked the Minister of Finance and Coordinating Minister of the Economy to directly interface with the Qatari authorities to ensure that speedy progress is made.<\/p>\n
“The Nigerian economy saw a better than anticipated performance in the last quarter of 2023, growing by 3.46 per cent, compared with 2.54 per cent in the preceding quarter.<\/p>\n
“Capital Importation into Nigeria was up by 66 per cent in Q4 2023, reversing a 36 per cent decline in the previous quarter.<\/p>\n
“In January 2024, the Nigerian Stock Exchange All Share Index (ASI) crossed the 100,000 points mark, its highest ever.<\/p>\n
“There is no one who looks at this data who will conclude that ‘distressed’ is the accurate way to describe the Nigerian economy,” the president emphasized.<\/p>\n","protected":false},"excerpt":{"rendered":"
President Bola Ahmed Tinubu has stated that Nigeria has attracted unprecedented opportunities to reset the course and build a new and sustainable economy away from the rent-seeking and the waste that was once the order of the day. The President said his nine month-old administration has attracted $30 billion Direct Foreign Investment commitments to shore […]<\/p>\n","protected":false},"author":16,"featured_media":21964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[728,197],"class_list":["post-21963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abuja-reports","tag-dfi","tag-tinubu"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=21963"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21963\/revisions"}],"predecessor-version":[{"id":21965,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21963\/revisions\/21965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/21964"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=21963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=21963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=21963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}