Presidential candidate of Labour Party, (LP) Peter Obi, has tackled President Bola Ahmed Tinubu over his frequent trips to seek foreign investors.
Obi featured on Twitter Spaces hosted by Parrellel Fact on Sunday, and during the conversation he said Nigeria must attract foreign investors rather than chase after them.
“Nobody goes around searching for foreign investors. Foreign investors are like bees; when you keep the honey, they will boom towards there. We need to attract foreign investors and not chase after them,” he said.
Meanwhile, this is coming after Tinubu attended COP28 in Dubai, UAE where he appealed to investors to come to Nigeria.
In a recent interview, the president upon receiving the Man-of-the-Year award, said the country is engaging with the global market – both foreign and domestic investors.
Tinubu said; “FDI is not ‘chicken change’. FDI is substantial, long-term financial commitments made by serious enterprises and investors. Right now, Nigeria is re-engaging with the global market – both foreign and domestic investors.
We are telling the story of our significant and far-reaching reforms and rebuilding confidence in Nigeria as an accessible and safe investment.
We are clearly communicating that ‘Nigeria is open for business’ and that the direction of travel is clear and fully committed. We’ve secured a $500 million deal with Germany to fund renewable energy projects, particularly in rural Nigeria.
Our focused efforts to attract European FDI are yielding fruit, notably with the $116 million French investment in the I-DICE program, aimed at creating 65,000 start-ups and 150,000 jobs, particularly empowering women”.
