Business
‘Nobody Goes Around Searching For Foreign Investors’ – Peter Obi Tackles President Tinubu
Obi emphasized the importance of creating an environment that naturally attracts investors…
Former Presidential Candidate of the Labour Party (LP), Peter Obi, has criticized President Bola Ahmed Tinubu over his frequent foreign trips, stating that Nigeria should attract foreign investors rather than chase after them.
VerseNews reports that the former Anambra Governor made this known on Sunday during an X-space, tagged ‘ParrellelFact’.
Obi emphasized the importance of creating an environment that naturally attracts investors, comparing them to bees that are drawn to honey.
“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, President Bola Ahmed Tinubu defended the trips, stating that the country is engaging with the global market to attract foreign and domestic investors.
He highlighted significant deals, such as a $500 million agreement with Germany for renewable energy projects and a $116 million French investment in start-ups.
“We’ve secured a $500 million deal with Germany to fund renewable energy projects, particularly in rural Nigeria”, he stated.
“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”, President Tinubu added.
The President stressed that Foreign Direct Investment is not ‘Chicken Change’ but a long-term financial commitment from serious enterprises and investors.
“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”, he said.
Ambrose Alli University Lecturer Dies in Hotel Room After Sexual Encounter With 21-Year-Old Woman
A senior lecturer at Ambrose Alli University, Ekpoma, Dr Matthew Uwuigbe, has died in a hotel room in Edo State...
Omotosho’s First Jurisdictional Failure — The Court Lacked Authority to Try Kanu
The Mazi Nnamdi Kanu Global Legal Consortium has alleged that the Federal High Court lacked jurisdiction to try Kanu on...
‘No Government Without a Country’: IPOB Rejects Self-Appointed Biafra Government Officers
Mazi Chris Nwaọgụ has reiterated IPOB’s demand for Nnamdi Kanu’s freedom and Biafra’s restoration, while calling for Kanu’s appeal to...
Sokoto Declaration: Emma Powerful Dismantles False Claims, Reaffirms Onyendu Mazi Nnamdi Okwu Kanu’s Referendum Position
Kanu’s camp has rejected claims that he did not approve or co-sign the Sokoto Declaration, while stressing that he does...
Kanu’s Unlawful Conviction, the Law That Was Already Dead, and the Shame That Is Waiting for Nigeria’s Judiciary
Christopher Chidera, Esq., has challenged the legal basis of Nnamdi Kanu’s conviction, arguing that the trial court relied on a...
Elochukwu Ohagi Describes Nnamdi Kanu as ‘Anointed Builder’ in Biafran Cenotaph Tribute
Elochukwu Ohagi has described Nnamdi Kanu as an “anointed builder” and “divine instrument” in the struggle for Biafran restoration, highlighting...
Delta Commissioner, Three Others Arrested Over Deputy Director’s Death
Five suspects are now in custody, while police have declared two others wanted as investigations into the ministry official’s death...
Kanu Family Fires Back: ‘No Statutory Transition Means No Valid Sentence’
The Okwu-Kanu Family has called for the immediate hearing of Nnamdi Kanu’s appeal, questioning the written law underpinning his conviction...
IPOB Accuses Nigerian Judiciary of ‘Judicial Banditry’ Over Nnamdi Kanu Conviction
IPOB has accused the Nigerian judiciary of violating constitutional provisions in Nnamdi Kanu’s conviction, questioning the legal basis of the...
IPOB: Nnamdi Kanu Must Be Released Unconditionally, Appeal Must Be Listed — Chris Nwaọgụ
IPOB has renewed its demand for the immediate and unconditional release of Nnamdi Kanu, while calling for his pending appeal...
You must be logged in to post a comment Login