APC Hails Tinubu’s Diplomacy as Nigeria Secures $50bn FDI Commitments

The All Progressives Congress (APC) has announced that Nigeria has attracted more than $50 billion in Foreign Direct Investment (FDI) commitments through President Bola Ahmed Tinubu’s sustained global diplomatic and economic engagements since taking office in May 2023.

In a statement issued on Tuesday, the party’s National Chairman, Professor Nentawe Yilwatda, described the achievement as evidence that Tinubu’s international outreach is a purposeful strategy aimed at repositioning Nigeria as a leading destination for global investment.

Yilwatda explained that the investment commitments cover key sectors including energy, manufacturing, infrastructure, agriculture, logistics and technology, and are expected to stimulate capital inflows, create jobs, expand industries and encourage technology transfer.

“These figures are not speculative. They represent serious investment commitments secured through high-level engagements with governments, multinational corporations and global financial institutions,” he said.

The APC chairman, through his media aide Mr. Abimbola Tooki, noted that Tinubu’s engagements across Africa, Europe, the Middle East, Asia and the Americas have been driven by economic priorities rather than ceremonial diplomacy.

Countries involved in discussions include the United States, United Kingdom, France, Germany, China, India, Saudi Arabia, Qatar and Brazil, among others, with talks focused on attracting private capital and strengthening economic partnerships.

Yilwatda highlighted the Comprehensive Economic Partnership Agreement with the United Arab Emirates as one of the most significant outcomes, expected to boost trade and investment in critical sectors such as agriculture, energy and infrastructure.

Responding to critics of Tinubu’s frequent foreign trips, the APC chairman dismissed such concerns, describing them as short-sighted.

“Those who reduce these strategic missions to travel costs without accounting for the $50 billion investment pipeline they have generated are missing the fundamentals of economic diplomacy,” he stated.

He added that Nigeria’s ongoing reforms, combined with aggressive investor engagement, are restoring confidence in the economy and improving the country’s standing in global capital markets.

“President Tinubu has shown the political will to pursue reforms and the credibility to attract global capital. These investments will strengthen the economy and improve livelihoods as they materialise,” Yilwatda said.

The APC urged Nigerians to remain patient, assuring that the investment commitments will increasingly translate into visible economic gains, including growth, employment opportunities and shared prosperity.