President Bola Tinubu has stated that Nigeria is on course to attract close to $20 billion in foreign direct investment in 2026.
Tinubu stated this while speaking on a presidential panel moderated by British journalist Zainab Badawi alongside Gabonese President Brice Clotaire Oligui Nguema, at the Africa CEO Forum in Kigali, Rwanda.
He attributed the figure to his administration’s systematic removal of regulatory bottlenecks, macroeconomic stabilisation, and transparency reforms.
While making a case for African self-reliance and continental resource integration, Tinubu noted that Africa must refuse to export raw materials while importing finished products.
He also stated that the continent must finance its own development from its resources.
“Removing all the bottlenecks gives you the necessary incentives for direct foreign investment into the country. This year alone, I can beat my chest that Nigeria is attracting close to $20 billion in foreign direct investments,”Tinubu said
On the issue of value addition and Africa’s longstanding challenge of selling raw commodities cheaply while buying back finished goods at higher costs, Tinubu said the era of exporting unprocessed resources from Nigeria was over.
